Wed, Apr 30, 8:14 PM (17 days ago)
**Advanced Energy Industries, Inc. (AEIS) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $404.6 million, up 23.5% from $327.5 million in Q1 2024. - **Gross Profit:** $150.5 million, up 33.3% from $112.9 million in Q1 2024. - **Operating Income:** $30.6 million, significantly higher than $0.9 million in Q1 2024. - **Net Income:** $24.7 million, up from $5.4 million in Q1 2024. - **Earnings per Share (EPS):** $0.66, up from $0.14 in Q1 2024. **Profit Margins:** - **Gross Margin:** 37.2%, up from 34.5% in Q1 2024. - **Operating Margin:** 7.6%, up from 0.3% in Q1 2024. - **Net Margin:** 6.1%, up from 1.6% in Q1 2024. **Cash Flow:** - **Operating Cash Flow:** $29.2 million, up from $8.0 million in Q1 2024. - **Investing Cash Flow:** -$15.1 million, primarily due to capital expenditures. - **Financing Cash Flow:** -$13.4 million, including dividend payments and share repurchases. **Earnings Changes:** - **Year-over-Year (YoY) Revenue Growth:** 23.5%. - **YoY Net Income Growth:** 357.4%. **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by strong demand in the Semiconductor Equipment and Data Center Computing markets. - **Operating Expenses:** Increased due to higher R&D and SG&A costs, partially offset by lower amortization expenses. - **Cash Flow:** Positive operating cash flow, offset by investing and financing activities. **Trends and Uncertainties:** - **Market Trends:** Positive trends in Semiconductor Equipment and Data Center Computing, while Industrial and Medical markets face downturns. - **Uncertainties:** Global economic conditions, tariffs, and geopolitical risks could impact future performance. **Future Operations Impact:** - **Manufacturing Consolidation:** Ongoing consolidation efforts to optimize manufacturing footprint. - **Product Initiatives:** Focus on new product launches and design wins. - **Debt and Liquidity:** Adequate liquidity with $723.0 million in cash and $600.0 million in available borrowing capacity.