Advanced Energy(AEIS)
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Advanced Energy Industries Is Past The Worst, But The Shape Of The Recovery Still Offers Unknowns
Seeking Alpha· 2024-11-01 04:47
Writing about Advanced Energy Industries, Inc. (NASDAQ: AEIS ) in August of this year , I'd characterize my stance as "cautiously bullish" as the company continued to navigate its way through painful cyclical downturns across much ofAnalyst’s Disclosure: I/we have a beneficial long position in the shares of AEIS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). ...
AEIS Q3 Earnings Beat Estimates, Shares Down on Weak Q4 View
ZACKS· 2024-10-31 21:50
Advanced Energy Industries (AEIS) reported non-GAAP earnings of 98 cents per share in the third quarter of 2024, beating the Zacks Consensus Estimate by 6.52%. The bottom line declined 23.4% on a year-over-year basis.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $374.22 million missed the Zacks Consensus Estimate by 0.09% and declined 8.7% year over year, primarily due to the weakness across Industrial, Medical and Telecom sectors.However, revenue was up 3% sequentially ...
Advanced Energy (AEIS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-31 08:36
文章核心观点 - 公司第三季度营收为3.7422亿美元,同比下降8.7%,每股收益0.98美元,同比下降23.4% [1] - 公司营收和每股收益均略低于分析师预期 [1] 行业和公司表现分析 半导体设备业务 - 第三季度半导体设备业务收入1.975亿美元,超出分析师预期1.9178亿美元 [3] 电信和网络业务 - 第三季度电信和网络业务收入1923万美元,低于分析师预期2318万美元 [3] 数据中心计算业务 - 第三季度数据中心计算业务收入8065万美元,略低于分析师预期8177万美元 [3] 工业和医疗业务 - 第三季度工业和医疗业务收入7684万美元,低于分析师预期8009万美元 [3] 股价表现 - 过去一个月公司股价上涨7.8%,优于标普500指数1.8%的涨幅 [4] - 公司目前评级为中性(Zacks Rank 3) [4]
Advanced Energy(AEIS) - 2024 Q3 - Earnings Call Transcript
2024-10-31 07:48
财务数据和关键指标变化 - 第三季度总收入为3.74亿美元,较上季度增长3%,但同比下降9% [25][27] - 第三季度每股收益为0.98美元,超出预期的0.90美元 [25][31] - 第三季度毛利率为36.3%,较上季度提高100个基点 [29][31] 各条业务线数据和关键指标变化 - 半导体收入为1.97亿美元,环比增长5%,同比增长7% [27][28] - 工业和医疗收入为7700万美元,环比下降3%,同比下降33% [28][29] - 数据中心计算收入为8100万美元,环比增长11%,同比增长18% [28][29] - 电信和网络收入为1900万美元,环比下降22% [28] 各个市场数据和关键指标变化 - 半导体市场表现强劲,主要受益于逻辑节点的需求增长 [12][21] - 数据中心市场因AI应用的强劲需求而持续增长 [18][21] - 工业和医疗市场由于客户库存调整,收入波动较大 [14][20] 公司战略和发展方向和行业竞争 - 公司正在执行工厂整合计划,以降低固定成本并提高生产效率 [11][26] - 公司预计在2024年实现单数字增长,数据中心业务将继续强劲 [21][35] - 公司积极追求收购机会,拥有良好的潜在机会管道 [24] 管理层对经营环境和未来前景的评论 - 管理层对半导体和数据中心市场的前景持乐观态度,预计2025年将实现增长 [21][39] - 管理层指出,工业和医疗市场的库存调整接近尾声,未来有望恢复增长 [50][92] 其他重要信息 - 公司计划在2024年11月19日举行分析师日,更新增长战略和市场展望 [6] - 第三季度的重组费用为2850万美元,主要与中国生产基地的关闭相关 [31][32] 问答环节所有提问和回答 问题: 半导体设备收入的增长驱动因素 - 管理层表示,第三季度半导体收入的增长主要来自逻辑节点的需求,预计第四季度将继续增长 [42][44] 问题: 工业医疗市场的库存调整情况 - 管理层指出,工业医疗市场的库存调整已持续一年,预计在2024年第一季度将恢复正常 [49][50] 问题: 数据中心市场的需求可持续性 - 管理层认为,数据中心市场的需求因AI基础设施的投资而持续强劲,设计周期的压缩使得可见性提高 [62][63] 问题: 毛利率的动态 - 管理层表示,预计第四季度毛利率将提高至约37%,并将继续改善 [37][82] 问题: 设计赢得的客户情况 - 管理层提到,设计赢得的客户包括新客户和现有客户,显示出市场的广泛需求 [85][86]
Advanced Energy(AEIS) - 2024 Q3 - Earnings Call Presentation
2024-10-31 07:19
业绩总结 - 2024年第三季度公司收入为3.74亿美元,环比增长3%[4] - 非GAAP每股收益为0.98美元,环比增长15%[11] - 半导体设备收入为1.974亿美元,环比增长4.8%,同比增长6.7%[13] - 数据中心计算收入为8070万美元,环比增长10.5%,同比增长18.1%[13] - 电信与网络收入为1920万美元,环比下降21.7%,同比下降53.6%[13] - 非GAAP毛利率为36.3%,环比提升100个基点[11] - 总现金减少至6.57亿美元,净现金为9300万美元[12][17] - 运营现金流为3500万美元,主要由于库存和应收账款减少[26] 未来展望 - 2024年第四季度收入指导为3.92亿美元,波动范围为正负2000万美元[31] - 预计2024年半导体业务将实现个位数增长,数据中心计算业务将实现两位数增长[5] - 2024年第四季度的收入预期在372百万美元至412百万美元之间[182] - 2024年第四季度的GAAP每股收益预期在0.18美元至0.76美元之间[182] - 2024年第四季度的非GAAP每股收益预期在0.83美元至1.33美元之间[182] 财务数据 - 2024年9月30日,持续经营业务的收入为负14147万美元,而2023年同期为33651万美元[180] - 2024年9月30日,非GAAP净收入为37006万美元,2023年同期为48502万美元[180] - 2024年第三季度每股稀释收益(GAAP)为负0.38美元,2023年同期为0.89美元[181] - 2024年第三季度非GAAP每股收益为0.98美元,2023年同期为1.28美元[181] - 2024年9月30日,商誉摊销费用为6772万美元,2023年同期为7049万美元[180] - 2024年9月30日,重组及其他费用为28546万美元,2023年同期为4898万美元[180] - 2024年9月30日,外汇未实现损失为3993万美元,2023年同期为负1604万美元[180] 其他信息 - 2023年Q1的收入为4.25亿美元,较2022年Q4的4.91亿美元下降了13.4%[32] - 2023年Q2的毛利为1.478亿美元,毛利率为35.6%[32] - 2023年Q1的运营收入为5680万美元,运营收入率为13.4%[32] - 2023年Q2的调整后EBITDA为5870万美元,调整后EBITDA率为14.1%[32] - 2023年Q1的非GAAP净收入为4700万美元,占收入的11.1%[32] - 2023年Q2的非GAAP每股收益为1.11美元,较2023年Q1的1.24美元下降了10.5%[32] - 2023年Q1的总运营支出为9970万美元,占收入的23.5%[32] - 2023年Q2的税率为15.3%[32] - 2023年Q1的折旧费用为950万美元[32] - 2023年Q2的非GAAP毛利为1.481亿美元,非GAAP毛利率为36.1%[32]
Advanced Energy Industries (AEIS) Tops Q3 Earnings Estimates
ZACKS· 2024-10-31 06:51
Advanced Energy Industries (AEIS) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.52%. A quarter ago, it was expected that this maker of power-conversion products would post earnings of $0.69 per share when it actually produced earnings of $0.85, delivering a surprise of 23.19%.Over ...
Advanced Energy(AEIS) - 2024 Q3 - Quarterly Report
2024-10-31 04:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-26966 dvanced ADVANCED ENERGY INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 84-08 ...
Advanced Energy(AEIS) - 2024 Q3 - Quarterly Results
2024-10-31 04:10
Exhibit 99.1 Financial News Release Advanced Energy Reports Third Quarter 2024 Results ● Revenue was $374.2 million, above the mid-point of guidance ● GAAP loss per share was $0.38, mainly due to closure of China production site ● Non-GAAP EPS was $0.98, above the mid-point of guidance ● Cash flow from continuing operations was $35.4 million DENVER, Colo., October 30, 2024 - Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and co ...
AEIS Expands Into MedTech Field: How Should You Play the Stock?
ZACKS· 2024-09-25 00:50
Advanced Energy (AEIS) is expanding its footprint in the medical technology sector with the launch of the NCF150 series of high-isolation, low-leakage current AC-DC power supplies. Designed to meet the stringent cardiac floating (CF) requirements of the IEC 60601-1 medical safety standard, these power supplies are crucial for medical equipment that comes into direct contact with the heart, such as dialysis machines and electrosurgery platforms. With outputs up to 150 W, high efficiency and enhanced safety f ...
Why Is Advanced Energy (AEIS) Down 8.4% Since Last Earnings Report?
ZACKS· 2024-08-30 00:38
It has been about a month since the last earnings report for Advanced Energy Industries (AEIS) . Shares have lost about 8.4% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Advanced Energy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Advanced Energy Q2 Earnings ...