ADVANCED ENERGY INDUSTRIES Reports Q4 FY2022 Earnings Results on February 8, 2023
March 25, 2023
Earnings Overview
On February 8 2023, ADVANCED ENERGY INDUSTRIES ($NASDAQ:AEIS) announced their FY 2022 fourth-quarter earnings results, which ended on December 31 2022. Total revenue reached USD 43.7 million, a 10.3% year-on-year growth, and net income was USD 490.7 million, up 23.6% year-on-year.
Transcripts Simplified
Advanced Energy Industries reported strong fourth quarter results with revenue of $491 million, an EPS of $1.70, both reaching new highs. Revenue in the semiconductor market was up 30% year-over-year while industrial and medical markets were up 21% year-over-year. Gross margin decreased by 90 basis points due to unfavorable revenue mix, lower volume and higher material costs. Operating expenses were slightly up due to timing of programs and infrastructure investments.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AEIS. More…
| Total Revenues | Net Income | Net Margin |
| 1.85k | 199.66 | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AEIS. More…
| Operations | Investing | Financing |
| 183.59 | -208.27 | -61.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AEIS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.99k | 925.9 | 28.49 |
Key Ratios Snapshot
Some of the financial key ratios for AEIS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.7% | 59.2% | 13.0% |
| FCF Margin | ROE | ROA |
| 6.8% | 14.6% | 7.5% |
Share Price
Advanced Energy Industries, Inc. (AEI) reported its fourth quarter FY2022 financial results on February 8, 2023. On Wednesday, AEI opened at $96.1 and closed at $97.2, a decrease of 0.4% from its last closing price of 97.7. Overall, Advanced Energy Industries reported mixed financial results for the fourth quarter FY2022 with revenues increasing but profits decreasing both year-over-year and quarter-over-quarter. The company will continue to pursue cost-saving measures and focus on expanding its product portfolio to improve profitability and drive growth in the coming quarters. Live Quote…
Analysis
At GoodWhale, we have conducted an analysis of ADVANCED ENERGY INDUSTRIES’ fundamentals. Based on our Risk Rating, ADVANCED ENERGY INDUSTRIES is a high risk investment, both from a financial and business point of view. Through our analysis, we have identified three potential risk warnings in the company’s income sheet, balance sheet and cashflow statement. If you are interested in exploring these warnings in greater detail, please register with us to gain access to our insights. More…
Peers
The competition between Advanced Energy Industries Inc and its competitors is fierce. All of the companies are vying for market share in the highly competitive solar industry. Advanced Energy Industries Inc has a strong product portfolio and a strong presence in the market.
However, its competitors are also strong and have their own strengths.
– Hiwin Mikrosystem Corp ($TWSE:4576)
Hiwin Mikrosystem Corp is a technology company that specializes in the manufacture of micro-precision products and components. The company has a market cap of 7.85 billion as of 2022 and a return on equity of 8.73%. Hiwin Mikrosystem Corp is a publicly traded company listed on the Taiwan Stock Exchange. The company’s products are used in a variety of industries including automotive, aerospace, electronics, and medical.
– Kinergy Corp Ltd ($SEHK:03302)
Kinergy Corp. Ltd., through its subsidiaries, engages in the exploration and production of oil and gas in the United States. The company was founded in 2004 and is headquartered in Perth, Australia.
– Sinfonia Technology Co Ltd ($TSE:6507)
Sinfonia Technology Co., Ltd. is a Japanese company that manufactures and sells electronic and electrical products. It has a market capitalization of 38.5 billion as of 2022 and a return on equity of 11.24%. The company’s products include semiconductors, printed circuit boards, and electronic components. It also provides contract manufacturing services.
Summary
Investing analysis of Advanced Energy Industries (AEI) for the fourth quarter of FY2022 shows some impressive results. Total revenue jumped 10.3% year-over-year to USD 43.7 million, and net income skyrocketed 23.6% compared to the same period last year, standing at USD 490.7 million. The strong performance is likely attributed to the company’s focus on R&D, strategic investments, and expanding into new markets. The impressive growth and profitability make AEI a great pick for investors looking for a sturdy stock to add to their portfolio.
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