Advanced Energy posts $117M profit for 2016

FORT COLLINS — Advanced Energy Industries Inc. (Nasdaq: AEIS) on Monday reported a profit of $116.9 million, or $2.92 per share, for its fiscal year 2016 that ended Dec. 31, an increase compared with $83.5 million, or $2.03 per share, in 2015.

The Fort Collins-based maker of power and control products used in semiconductors, flat-panel displays and other electronics, reported revenue of $483.7 million for the year, compared with $414.8 million in 2015.

The company’s fourth-quarter results were up compared with the previous year’s quarter. Revenue was $135.3 million compared with $126.6 million in the…