附录99.1

财经资讯发布

爱文思控股公布2024年第三季度业绩报告

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营业收入为37420万美元，高于预测中点

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根据中国生产基地关闭，每股盈利为0.38美元，主要是由于该项原因造成的亏损

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非通用会计每股收益为0.98美元，高于指引中点。

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持续营运现金流为3540万美元。

2024年10月30日，科罗拉多州丹佛市中国高度工程化、精密电力转换、测量和控制解决方案全球货币领导者先进能源工业有限公司(Nasdaq: AEIS)今日宣布截至2024年9月30日的第三季度财务业绩。

爱文思控股总裁兼首席执行官史蒂夫·凯利表示：“在第三季度，由于半导体和idc概念计算市场需求增加，我们的业绩超过了指引的中点。”。我们一直专注于开发新产品和技术，与客户合作确保设计胜利，并优化工厂布局。我们相信这些优先事项将带动市场份额增长，并在毛利率方面实现实质改善。

季度结果

2024年第三季度营收为37420万美元，较2024年第二季度的36490万美元和2023年第三季度的41000万美元有所增长。

继续营运的GAAP净损为1410万美元，或每股损失0.38美元，在这一季度，相比于上一季度的GAAP净利1560万美元，每股收益0.41美元，和一年前的GAAP净利3370万美元，每股收益0.89美元。GAAP净损反映了公司先前宣布的制造业整合计划中的2850万美元重组费用的影响。

2024年第三季度非GAAP净利为3700万美元，每股稀释0.98美元。这与2024年第二季度的3200万美元，每股稀释0.85美元，以及2023年第三季度的4850万美元，每股稀释1.28美元相比。

爱文思控股从继续营运产生了3540万美元的现金流在本季度支付了390万美元的季度股息，并以每股93.58美元的平均价格买回180万美元的股票。

在2024年第三季度，爱文思控股修改了信用协议，将优先无担保循环资金的额度提高了40000万美元，达到总额60000万美元，并同时全额偿还了总额34500万美元的未清高级无担保期贷款的本金金额，利用手头现金降低净利息费用。修改后的结构

保留现有信贷协议条款并增加总体融资能力和灵活性，以资助增长、回购股份，并满足其他企业需求。

下表提供了GAAP与非GAAP措施的调整。

2024年第四季展望

根据公司目前的观点、信仰和假设，指引在以下范围内范围：

看涨会议通话

管理层将于2024年10月30日（今天）美国东部时间下午4:30召开一次会议，讨论第三季度财务业绩。若要参加即时业绩发布会，请于会议开始前约十分钟拨打877-407-0890，运营商将为您安排接通。国际参与者可拨打+1-201-389-0918。公司网站投资者页面（ir.advancedenergy.com）的活动与简报部分也将提供网路直播。直播活动结束约两小时后将提供存档网路直播。

爱文思控股2024年分析师日

Advanced Energy将于2024年11月19日星期二下午1:00于纽约市东部时间开始举行分析师日。公司总裁兼首席执行官史蒂夫·凯利、执行副总裁暨首席财务官保罗·奥德姆等高级管理人员将更新公司的战略增长举措，查看其市场并更新其长期财务目标。

这个亲自参加的活动将提供午餐和公司产品的现场演示。希望远程参加的参与者可以在活动当天访问公司网站的投资者页面（ir.advancedenergy.com的活动与演示部分）上提供的现场网路广播。

若要查看完整的活动信息并注册参加，请点击以下链接：

https://www.advancedenergy.com/en-us/analyst-day-registration/

关于爱文思控股

Advanced Energy Industries, Inc. （纳斯达克：AEIS）是全球在精密电力转换、测量和控制方案的设计和制造方面的领导者，提供为任务关键应用和流程的高度工程化的产品。爱文思控股的电力解决方案让客户在复杂应用中进行创新，涵盖半导体设备、工业生产、医疗与生命科学、idc概念计算、网络和电信等各种行业。凭借对工程技术的了解以及对全球客户提供的灵敏服务和支持，该公司建立了合作伙伴关系，以满足科技进步，推动客户增长并革新电力的未来。爱文思控股已投入四十年的时间来完善电力。总部位于美国科罗拉多州丹佛市。更多信息，请浏览 www.advancedenergy.com。

爱文思控股 | 精确。动力。效能。trust。

欲获得更多资讯，请联系：

Andrew Huang

Advanced Energy Industries, Inc.

970-407-6555

ir@aei.com

非通用会计原则（Non-GAAP）措施

此发布包括一些措施，例如非GAAP净利润和非GAAP每股收益（“EPS”），这些措施并非根据美国普遍公认的会计原则（“美国GAAP”）编制。管理层使用非GAAP净利润和非GAAP EPS来评估业务绩效，不考虑某些非现金费用和其他不属于我们日常业务的费用的影响。我们使用这些非GAAP措施来评估业绩是否符合业务目标，并作出业务决策，包括编制预算和预测未来时期。此外，管理层的奖励计划将这些非GAAP措施列为成就的标准。这些非GAAP措施并非按照美国GAAP准备，可能与其他公司使用的非GAAP会计和报告方法不同。然而，我们相信这些非GAAP措施提供了额外的信息，让读者能从管理层的角度评估我们的业务。呈现这些额外信息不应被视为美国GAAP准备的成果的替代品。

以下呈现的非GAAP结果不包括与非现金相关的费用影响，如以股票为基础的补偿费用，无形资产摊销以及长期未实现的汇率期货收益和损失。此外，我们排除已停止的业务和其他非常规项目，如并购相关成本，设施扩建和相关成本，以及重组开支，因为这些项目不代表未来业绩。我们非GAAP调整的税效应代表预期每个非GAAP调整后税率应用于其各自的帐面和税收处理之后。

Forward-Looking Statements

This press release and statements we make on the above announced conference call contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release or the conference call that are not historical information are forward-looking statements. For example, statements relating to our beliefs, expectations, and plans are forward-looking statements, as are statements that certain actions, conditions, or circumstances will continue. The inclusion of words such as "anticipate," "expect," "estimate," "can," "may," "might," "continue," "enables," "plan," "intend," "should," "could," "would," "likely," "potential," or "believe," and similar expressions and the negative versions thereof indicate forward-looking statements; however, not all forward-looking statements may contain such words or expressions. These forward-looking statements are based upon information available as of the date of this press release and management’s current estimates, forecasts, and assumptions. Although we believe that our expectations reflected in or suggested by these forward-looking statements are reasonable, we may not achieve the results, performance, plans, or objectives expressed or implied by such forward-looking statements. Forward-looking statements involve risks and uncertainties, which are difficult to predict and many of which are beyond our control.

Risks and uncertainties to which our forward-looking statements are subject include, but are not limited to: volatility and business fluctuations in the industries in which we operate; our ability to achieve design wins with new and existing customers; our ability to accurately forecast and meet customer demand; risks related to global economic conditions, such as the impact of escalating global conflicts on macroeconomic conditions, economic uncertainty, market volatility, rising interest rates, inflation, or recession; risks inherent in our international operations, including the effect of trade and export controls, political and geographical risks, the impact of tariffs on our supply or products, and fluctuations in currency exchange rates; concentration of our customer base; risks associated with breach of our information security measures; our loss of or inability to attract and retain key personnel; disruptions to our manufacturing operations or those of our customers or suppliers; risks associated with our manufacturing footprint optimization and movement of manufacturing locations for certain products; our ability to successfully identify, close, integrate and realize anticipated benefits from our acquisitions; quality issues or unanticipated costs in fulfilling our warranty obligations (including our discontinued solar inverter product line), and adequacy of our warranty reserves; our ability to enforce, protect and maintain our proprietary technology and intellectual property rights; our ability to achieve cost savings, profitability, and gross margin goals; changes to tax laws and regulations or our tax rates; changes in federal, state, local and foreign regulations, including with respect to privacy and data protection, and environmental regulation; the effect of our debt obligations and restrictive covenants on our ability to operate our business; customer price sensitivity; risks related to our unfunded pension obligations; restructuring and severance activities; legal matters, claims, investigations, and proceedings; our estimates of the fair value of intangible assets; and the potential impact of dilution related to our convertible debt, hedge, and warrant transactions.

Actual results could differ materially and adversely from those expressed in any forward-looking statements, and readers are cautioned not to place undue reliance on forward-looking statements. Factors that could contribute to these differences or prove our forward-looking statements, by hindsight, to be overly optimistic or unachievable include, but are not limited to, the risks and uncertainties listed above and described in Advanced Energy’s Form 10-K, Forms 10-Q and other

reports and statements filed with the Securities and Exchange Commission (the “SEC”). These reports and statements are available on the SEC’s website at www.sec.gov. Copies may also be obtained from Advanced Energy’s investor relations page at ir.advancedenergy.com or by contacting Advanced Energy’s investor relations at 970-407-6555. Forward-looking statements are made and based on information available to us on the date of this press release. Aspirational goals and targets discussed on the conference call or in the presentation materials should not be interpreted in any respect as guidance. We assume no obligation to update the information in this press release or provide the reasons why our actual results may differ.

ADVANCED ENERGY INDUSTRIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(in thousands, except per share data)


	Three Months Ended									Nine Months Ended
	September 30,						June 30,			September 30,
	2024			2023			2024			2024			2023
Revenue, net	$	374,217		$	409,991		$	364,947		$	1,066,639		$	1,250,539
Cost of revenue		240,149			262,650			237,206			692,001			801,007
Gross profit		134,068			147,341			127,741			374,638			449,532
Gross margin %		35.8	%		35.9	%		35.0	%		35.1	%		35.9	%

Operating expenses:
Research and development		53,561			50,391			52,335			155,732			153,414
Selling, general, and administrative		56,237			55,131			55,013			166,374			166,102
Amortization of intangible assets		6,772			7,049			6,800			20,519			21,186
Restructuring, asset impairments, and other charges		28,546			4,709			625			29,416			8,906
Total operating expenses		145,116			117,280			114,773			372,041			349,608
Operating income (loss)		(11,048)			30,061			12,968			2,597			99,924

Interest income		11,018			6,396			12,119			35,782			14,282
Interest expense		(6,378)			(3,780)			(6,956)			(20,461)			(9,368)
Other income (expense), net		(8,139)			1,848			638			(6,122)			1,425
Income from continuing operations, before income tax		(14,547)			34,525			18,769			11,796			106,263
Income tax provision (benefit)		(400)			874			3,165			4,552			13,405
Income (loss) from continuing operations		(14,147)			33,651			15,604			7,244			92,858
Loss from discontinued operations, net of income tax		(758)			(930)			(575)			(1,904)			(2,076)
Net income (loss)	$	(14,905)		$	32,721		$	15,029		$	5,340		$	90,782

Basic weighted-average common shares outstanding		37,532			37,575			37,474			37,455			37,541
Diluted weighted-average common shares outstanding		37,532			37,854			37,777			37,785			37,842

Earnings (loss) per share attributable to Advanced Energy Industries, Inc:

Continuing operations:
Basic earnings (loss) per share	$	(0.38)		$	0.90		$	0.42		$	0.19		$	2.47
Diluted earnings (loss) per share	$	(0.38)		$	0.89		$	0.41		$	0.19		$	2.45

Discontinued operations:
Basic loss per share	$	(0.02)		$	(0.02)		$	(0.02)		$	(0.05)		$	(0.06)
Diluted loss per share	$	(0.02)		$	(0.02)		$	(0.02)		$	(0.05)		$	(0.05)

Net income (loss):
Basic earnings per share	$	(0.40)		$	0.87		$	0.40		$	0.14		$	2.42
Diluted earnings per share	$	(0.40)		$	0.86		$	0.40		$	0.14		$	2.40

ADVANCED ENERGY INDUSTRIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(in thousands)


	September 30,		December 31,
	2024			2023
ASSETS
Current assets:
Cash and cash equivalents	$	657,288	$	1,044,556
Accounts receivables, net		259,399		282,430
Inventories		377,740		336,137
Other current assets		51,281		48,771
Total current assets		1,345,708		1,711,894

Property and equipment, net		181,875		167,665
Operating lease right-of-use assets		86,003		95,432
Other assets		134,948		136,448
Goodwill and intangible assets, net		444,326		445,318
Total assets	$	2,192,860	$	2,556,757

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:
Accounts payable	$	133,006	$	141,850
Other accrued expenses		140,142		156,254
Current portion of long-term debt		—		20,000
Current portion of operating lease liabilities		18,360		17,744
Total current liabilities		291,508		335,848

Long-term debt		564,000		895,679
Other long-term liabilities		172,960		181,048
Long-term liabilities		736,960		1,076,727

Total liabilities		1,028,468		1,412,575

Total stockholders' equity		1,164,392		1,144,182
Total liabilities and stockholders’ equity	$	2,192,860	$	2,556,757

ADVANCED ENERGY INDUSTRIES, INC.

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)

(in thousands)


	Nine Months Ended September 30,
	2024		2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	5,340	$	90,782
Less: loss from discontinued operations, net of income tax		(1,904)		(2,076)
Income from continuing operations, net of income tax		7,244		92,858

Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization		51,824		49,764
Stock-based compensation		34,303		22,813
Amortization of debt issuance costs and debt discount		3,036		378
Deferred income tax benefit		305		(996)
Other		1,041		394
Changes in operating assets and liabilities, net of assets acquired		(47,503)		(36,971)
Net cash from operating activities from continuing operations		50,250		128,240
Net cash from operating activities from discontinued operations		(2,191)		(3,307)
Net cash from operating activities		48,059		124,933

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of long-term investments		(2,698)		(3,447)
Purchases of property and equipment		(44,045)		(46,782)
Acquisitions, net of cash acquired		(13,762)		—
Net cash from investing activities		(60,505)		(50,229)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long-term borrowings		—		575,000
Payment of fees for long-term borrowings		(105)		(12,985)
Payments on long-term borrowings		(355,000)		(15,000)
Dividend payments		(11,529)		(11,422)
Payment for purchase of note hedges		—		(115,000)
Proceeds from sale of warrants		—		74,865
Purchase and retirement of common stock		(1,770)		(40,000)
Net payments related to stock-based awards		(6,029)		(1,254)
Net cash from financing activities		(374,433)		454,204

EFFECT OF CURRENCY TRANSLATION ON CASH		(389)		(1,795)

NET CHANGE IN CASH AND CASH EQUIVALENTS		(387,268)		527,113
CASH AND CASH EQUIVALENTS, beginning of period		1,044,556		458,818
CASH AND CASH EQUIVALENTS, end of period	$	657,288	$	985,931

ADVANCED ENERGY INDUSTRIES, INC.

SUPPLEMENTAL INFORMATION (UNAUDITED)

(in thousands)


Net Revenue by Market	Three Months Ended						Nine Months Ended
	September 30,				June 30,		September 30,
	2024		2023		2024		2024		2023
Semiconductor Equipment	$	197,497	$	185,033	$	188,321	$	565,721	$	552,419
Industrial and Medical		76,837		115,226		79,104		239,359		365,849
Data Center Computing		80,653		68,286		72,964		195,519		187,021
Telecom and Networking		19,230		41,446		24,558		66,040		145,250
Total	$	374,217	$	409,991	$	364,947	$	1,066,639	$	1,250,539


Net Revenue by Geographic Region	Three Months Ended						Nine Months Ended
	September 30,				June 30,		September 30,
	2024		2023		2024		2024		2023
North America	$	175,691	$	184,783	$	172,794	$	482,564	$	537,241
Asia		163,212		178,190		151,955		467,110		543,871
Europe		34,892		46,088		39,813		115,258		164,867
Other		422		930		385		1,707		4,560
Total	$	374,217	$	409,991	$	364,947	$	1,066,639	$	1,250,539

ADVANCED ENERGY INDUSTRIES, INC.

SELECTED OTHER DATA (UNAUDITED)

(in thousands)


Reconciliation of Non-GAAP measure - Operating expenses and operating income, excluding certain items	Three Months Ended						Nine Months Ended
	September 30,				June 30,		September 30,
	2024		2023		2024		2024		2023
Gross profit from continuing operations, as reported	$	134,068	$	147,341	$	127,741	$	374,638	$	449,532
Adjustments to gross profit:
Stock-based compensation		1,046		615		1,056		2,931		1,587
Facility expansion, relocation costs and other		868		171		161		2,337		1,188
Acquisition-related costs		—		44		(57)		(13)		194
Non-GAAP gross profit		135,982		148,171		128,901		379,893		452,501
Non-GAAP gross margin		36.3%		36.1%		35.3%		35.6%		36.2%

Operating expenses from continuing operations, as reported		145,116		117,280		114,773		372,041		349,608
Adjustments:
Amortization of intangible assets		(6,772)		(7,049)		(6,800)		(20,519)		(21,186)
Stock-based compensation		(10,868)		(7,460)		(10,328)		(31,372)		(21,226)
Acquisition-related costs		(1,581)		(611)		(1,934)		(4,781)		(2,654)
Facility expansion, relocation costs and other		(488)		—		—		(488)		—
Restructuring, asset impairments, and other charges		(28,546)		(4,898)		(625)		(29,416)		(9,095)
Non-GAAP operating expenses		96,861		97,262		95,086		285,465		295,447
Non-GAAP operating income	$	39,121	$	50,909	$	33,815	$	94,428	$	157,054
Non-GAAP operating margin		10.5%		12.4%		9.3%		8.9%		12.6%

ADVANCED ENERGY INDUSTRIES, INC.

SELECTED OTHER DATA (UNAUDITED)

(in thousands, except per share data)


Reconciliation of Non-GAAP measure - Income excluding certain items	Three Months Ended						Nine Months Ended
	September 30,				June 30,		September 30,
	2024		2023		2024		2024		2023
Income (loss) from continuing operations, less non-controlling interest, net of income tax	$	(14,147)	$	33,651	$	15,604	$	7,244	$	92,858
Adjustments:
Amortization of intangible assets		6,772		7,049		6,800		20,519		21,186
Acquisition-related costs		1,581		655		1,877		4,768		2,848
Facility expansion, relocation costs, and other		1,356		171		161		2,825		1,188
Restructuring, asset impairments, and other charges		28,546		4,898		625		29,416		9,095
Unrealized foreign currency loss (gain)		3,993		(1,604)		(1,545)		691		(2,817)
Other costs included in other income (expense), net		3,665		(1,516)		—		3,665		(1,516)
Tax effect of non-GAAP adjustments, including certain discrete tax benefits		(4,172)		(1,101)		(498)		(5,292)		(3,273)
Non-GAAP income, net of income tax, excluding stock-based compensation		27,594		42,203		23,024		63,836		119,569
Stock-based compensation, net of tax		9,412		6,299		8,993		27,099		17,794
Non-GAAP income, net of income tax	$	37,006	$	48,502	$	32,017	$	90,935	$	137,363

Reconciliation of Non-GAAP measure - Weighted-average common shares adjusted for stock awards	Three Months Ended						Nine Months Ended
	September 30,				June 30,		September 30,
	2024		2023		2024		2024		2023
Diluted weighted-average common shares outstanding		37,532		37,854		37,777		37,785		37,842
Dilutive effect of stock awards		360		—		—		—		—
Non-GAAP diluted weighted-average common shares outstanding		37,892		37,854		37,777		37,785		37,842


Reconciliation of non-GAAP measure - per share earnings excluding certain items	Three Months Ended						Nine Months Ended
	September 30,				June 30,		September 30,
	2024		2023		2024		2024		2023
Diluted earnings (loss) per share from continuing operations, as reported	$	(0.38)	$	0.89	$	0.41	$	0.19	$	2.45
Add back:
Per share impact of non-GAAP adjustments, net of tax		1.36		0.39		0.44		2.22		1.18
Non-GAAP earnings per share	$	0.98	$	1.28	$	0.85	$	2.41	$	3.63

ADVANCED ENERGY INDUSTRIES, INC.

SELECTED OTHER DATA (UNAUDITED)



Reconciliation of Q4 2024 Guidance
	Low End		High End

Revenue	$372 million		$412 million

Reconciliation of non-GAAP earnings per share
GAAP earnings per share	$	0.18	$	0.76
Stock-based compensation		0.31		0.30
Amortization of intangible assets		0.19		0.18
Restructuring, asset impairments, and other charges		0.29		0.21
Tax effects of excluded items		(0.14)		(0.12)
Non-GAAP earnings per share	$	0.83	$	1.33

2024年第四季

$39200万 +/- $2000万

持续营运的GAAP每股收益

$0.47 +/- $0.29

非依照中国会计准则调整的每股收益

$1.08 +/- $0.25