Advanced Energy Industries (AEIS) Announces $200M Share Buyback Program; Reports Earnings

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Advanced Energy Announces Second Quarter 2021 Results and $200 Million Share Repurchase Authorization

August 4, 2021 7:55 AM EDT

Q2 revenue was $361 million, meeting the guidance midpoint and up 6% from last year GAAP EPS from continuing operations was $0.92 Non-GAAP EPS was $1.25, at midpoint of guidance and above year-ago EPS of $1.18 Share repurchase authorization increased to $200 million

DENVER--(BUSINESS WIRE)-- Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, today announced financial results for the second quarter ended June 30, 2021.

We achieved year-over-year revenue and earnings growth in Q2, said Steve Kelley,... More