Advanced Energy Industries Full Year 2024 Earnings: Beats Expectations

Advanced Energy Industries (NASDAQ:AEIS) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.48b (down 11% from FY 2023).
• Net income: US$56.3m (down 57% from FY 2023).
• Profit margin: 3.8% (down from 7.9% in FY 2023).
• EPS: US$1.50 (down from US$3.49 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Advanced Energy Industries Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 64%.

The primary driver behind last 12 months revenue was the Other segment contributing a total revenue of US$543.8m (37% of total revenue). Notably, cost of sales worth US$948.3m amounted to 64% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$224.7m (47% of total expenses). Explore how AEIS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 18% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Advanced Energy Industries has 2 warning signs we think you should be aware of.

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