Free Post Earnings Research Report: Advanced Energy Exceeds Analysts’ Estimates; Diluted EPS Soared 186.30%
Stock Monitor: Kimball Electronics Post Earnings Reporting
LONDON, UK / ACCESSWIRE / December 05, 2017 / Active-Investors free earnings report on Advanced Energy Industries, Inc. (NASDAQ: AEIS) ("Advanced Energy") has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=AEIS. Advanced Energy posted its financial results on 31st October 2017, for the third quarter fiscal 2017 (Q3 FY17). The leading semiconductors manufacturer revenues for the current quarter surged 39.53% and beat analysts' estimates. Register today and get free access to our complimentary member's area where many more reports are available:
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Earnings Highlights and Summary
Advanced Energy posted Q3 FY17 sales of $176.58 million compared to $126.55 million, increasing by 39.53% y-o-y. Revenue numbers of the current quarter topped analyst estimates of $165.70 million.
Advanced Energy's total cost of sales were $84.34 million in the current quarter compared to $60.43 million in Q3 FY16, increasing by 39.57% y-o-y. The Company's gross profit was $92.23 million in Q3 FY17 compared to $66.12 million in Q3 FY16, surging by 39.49% y-o-y.
Advanced Energy's net income was $83.86 million in the current quarter compared to $30.36 million in Q3 FY16, surging by 176.22% y-o-y.
Advanced Energy's diluted EPS was $2.09 in the current quarters compared to $0.73 in Q3 FY16, surging 186.30% y-o-y. The Company's non-GAAP diluted EPS was at $1.19 in Q3 FY17 compared to $0.77 in Q3 FY16, increasing by 54.55% y-o-y. The current quarter's non-GAAP diluted EPS beat analysts' estimates of $1.17.
Segment Details
Advanced Energy has two business segments: Applied Materials and LAM Research.
The Applied Materials segment posted sales of $50.08 million in the current quarter compared to $45.81 million in Q3 FY16, increasing by 9.32% y-o-y. The LAM Research segment posted sales of $46.32 million in the current quarter compared to $24.31 million in Q3 FY16, surging 90.56% y-o-y.
The Company serves in market segments like Semiconductor Capital Equipment Market, Industrial Power Capital Market, and Global Service Market. Semiconductor Capital Equipment Market posted sales of $116.47 million in the current quarter compared to $81.16 million in Q3 FY16, increasing by 43.51% y-o-y. The Industrial Power Capital Equipment Market posted revenues of $35.90 million in the current quarter compared to $26.49 million in Q3 FY16, increasing by 35.52% y-o-y. The Global Service Segment posted revenues of $24.21 million in the current quarter compared to $18.90 million in Q3 FY16, increasing by 28.10% y-o-y.
Cash Matters
Advanced Energy had net cash inflow from operating activities of $133.01 million for nine months ending September 30, 2017, compared to $78.13 million for the same period fiscal 2016. Cash and cash equivalents amounted to $372.08 million as on September 30, 2017, compared to $250.91 million for the same date fiscal 2016. As on September 30, 2017, the Company had $75.00 million remaining for repurchase of shares.
Outlook
Advanced Energy anticipates EPS for Q4 FY17 to be in the range of $1.15 to $1.25 and revenues to be in the range of $172.00 million to $182.00 million.
Stock Performance Snapshot
December 04, 2017 - At Monday's closing bell, Advanced Energy Industries' stock fell 3.18%, ending the trading session at $70.24.
Volume traded for the day: 673.96 thousand shares, which was above the 3-month average volume of 426.37 thousand shares.
Stock performance in the last twelve-month period – up 31.31%; and year-to-date – up 28.29%
After yesterday's close, Advanced Energy Industries' market cap was at $2.82 billion.
Price to Earnings (P/E) ratio was at 13.73.
The stock is part of the Technology sector, categorized under the Diversified Electronics industry.
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