Advanced Energy posts record-breaking numbers for 2017

FORT COLLINS —  Advanced Energy Industries Inc. (Nasdaq: AEIS) on Tuesday reported that 2017 was a record-breaking year for the company that designs and manufactures power and control products used in semiconductors, flat-panel displays and other electronics.

Fort Collins-based Advanced Energy reported a profit of $137.9 million for the year ending Dec. 31, compared with a profit of $127.5 million recorded in 2016. Sales were $671 million in 2017 compared with $483.7 million in 2016, an increase of 39 percent.

The company reported fourth quarter sales of $179.2 million compared with $176.6 million in the third quarter of 2017 and $135.3 million in the fourth quarter of 2016.
“Capped off by a strong fourth quarter in our semiconductor business, 2017 was a record-breaking year across the board as revenue and non-GAAP earnings grew to their highest levels in the company’s history,” Yuval Wasserman, president and chief executive of Advanced Energy, said in a prepared statement.

SPONSORED CONTENT

Exploring & expressing grief

Support groups and events, as well as creative therapies and professional counseling, are all ways in which Pathways supports individuals dealing with grief and loss.

In April, the company opened its third service center in China, and in July,  Advanced Energy expanded its industrial business with the acquisition of Ireland-based Excelsys.