Advanced Energy Industries (AEIS) Misses Q1 EPS by 9c, Offers Guidance

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Go back to Advanced Energy Industries (AEIS) Misses Q1 EPS by 9c, Offers Guidance

Advanced Energy Reports First Quarter 2024 Results

May 1, 2024 4:05 PM EDT

Revenue was $327.5 million, below guidance GAAP EPS from continuing operations was $0.15, within the guidance range Non-GAAP EPS was $0.58, within the guidance range

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 first quarter ended March 31, 2024.

Early signs of improving demand give us confidence that the first quarter was a trough for the year and that through the remainder of 2024, revenue will improve with... More