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Advanced Energy Industries, Inc.
The Financial Relations Board
Advanced Energy Reports Significant Earnings Gain with First Quarter Revenues up 105 Percent
FORT COLLINS, CO (April 13, 2000)
- Advanced Energy Industries, Inc. (Nasdaq NM: AEIS) today reported financial results for the first quarter ended March 31, 2000. Advanced Energy is an industry-leading manufacturer of critical power delivery systems, ion sources, and plasma gas abatement systems, all of which are critical components of manufacturing equipment used to make semiconductors, compact disks, data storage, flat panel displays, and industrial products. For the first quarter, revenues were $67.2 million, up approximately 105 percent from $32.7 million for the first quarter of 1999 and up 15 percent from $58.6 million for the fourth quarter of 1999.