Advanced Energy sales slow in Q4 but yearly revenues outpace 2017

FORT COLLINS — Advanced Energy Industries Inc. (Nasdaq: AEIS), a power and control technologies firm based in Fort Collins, saw slower sales in the fourth quarter of 2018, but revenue totals for the entire fiscal year were up compared to 2017.

The company reported fourth-quarter sales of $154.2 million compared to  $173.1 million in the third quarter of 2018 and $179.2 million in the fourth quarter of 2017. But revenue for the full 2018 fiscal year was $718.9 million, up more than 7 percent from the $671 million in sales posted in 2017.

“Despite a slower second half, we completed 2018 with record annual revenues, solid profitability and robust cash flow generation. While the semiconductor market is experiencing a cyclical downturn, we continue to see a bright future for the long term,” Advanced Energy CEO Yuval Wasserman said in a prepared statement. “We remain confident in the multiple growth drivers of our business and are focused on executing our expansion and diversification growth strategies in both the semiconductor and industrial technologies markets.”

The company’s stock finished trading Monday at $52.52, up 1.29 percent.

FORT COLLINS — Advanced Energy Industries Inc. (Nasdaq: AEIS), a power and control technologies firm based in Fort Collins, saw slower sales in the fourth quarter of 2018, but revenue totals for the entire fiscal year were up compared to 2017.

The company reported fourth-quarter sales of $154.2 million compared to  $173.1 million in the third quarter of 2018 and $179.2 million in the fourth quarter of 2017. But revenue for the full 2018 fiscal year was $718.9 million, up more than 7 percent from the $671 million in sales posted in 2017.

“Despite a slower second half, we completed 2018 with record annual revenues, solid profitability and robust cash flow generation. While the semiconductor market is experiencing a cyclical downturn, we continue to see a bright future for the long term,” Advanced Energy CEO Yuval Wasserman said in a prepared statement. “We remain confident in the multiple growth drivers of our business and are focused on executing our expansion and diversification growth strategies in both the semiconductor and industrial technologies markets.”

The company’s stock finished trading Monday at $52.52, up 1.29 percent.