Advanced Energy Industries, Inc. (AEIS) Q1 2023 Earnings Call Transcript

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Q1: 2023-05-03 Earnings Summary

EPS of $1.24 beats by $0.10
 | Revenue of $425.04M (6.94% Y/Y) beats by $10.28M

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Q1 2023 Earnings Conference Call May 3, 2023 4:30 PM ET

Company Participants

Edwin Mok - Vice President of Strategic Marketing and Investor Relations
Steve Kelley - President and Chief Executive Officer
Paul Oldham - Chief Financial Officer

Conference Call Participants

Quinn Bolton - Needham & Company
Krish Sankar - TD Cowen
Steve Barger - KeyBanc Capital Markets Inc.

Operator

Greetings, and welcome to the Advanced Energy First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Edwin Mok, Vice President of Strategic Marketing and Investor Relations. Thank you, sir. You may begin.

Edwin Mok

Thank you, operator. Good afternoon, everyone. Welcome to Advanced Energy Q1 2023 earnings conference call. With me today are Steve Kelley, our President and CEO; and Paul Oldham, our Executive Vice President and CFO.

Before I begin, I’d like to mention that we will be participating in several investor conferences in the coming months. If you have not seen our earnings press release and presentation, you can find them on our website at ir.advancedenergy.com.

Let me remind you that today’s call contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially and are not guarantees of future performance. Information concerning these risks can be found in our SEC filings. All forward-looking statements are based on management’s estimates as of today, May 3, 2023, and the company assumes no obligation to update them. Any targets beyond the current quarter presented today should not be interpreted as guidance.

On today’s call, our financial results are presented on a non-GAAP financial basis unless

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