AEIS
Advanced Energy Industries Inc.
Advanced Energy Industries Inc.
$AEIS Reports Impressive Q1 2023 Results with 16% Increase in Revenue and Record Number of Design Wins Expected for the Year
Advanced Energy Industries, a global leader in power conversion, measurement, and control solutions, has reported a 16% YoY increase in Q1 2023 revenue to $490.5m despite the pandemic, with EPS of $1.24 compared to $0.98 in Q1 2022. The growth is attributed to operational efficiency, successful product execution, and high levels of customer engagement, translating into record design wins in 2023. AEIS has also distributed a quarterly dividend of $0.31/share, demonstrating its commitment to shareholder value. The management team will host a conference call on May 3, 2023, to discuss the results and the company's future vision.
4mo ago
$AEIS