附錄99.1

財經資訊發布

愛文思控股公佈2024年第三季度業績報告

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營業收入為37420萬美元，高於預測中點

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根據中國生產基地關閉，每股盈利為0.38美元，主要是由於該項原因造成的虧損

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非通用會計每股收益為0.98美元，高於指引中點。

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持續營運現金流為3540萬美元。

2024年10月30日，科羅拉多州丹佛市中國高度工程化、精密電力轉換、測量和控制解決方案全球貨幣領導者先進能源工業有限公司(Nasdaq: AEIS)今日宣布截至2024年9月30日的第三季度財務業績。

愛文思控股總裁兼首席執行官史蒂夫·凱利表示：“在第三季度，由於半導體和idc概念計算市場需求增加，我們的業績超過了指引的中點。”。我們一直專注於開發新產品和技術，與客戶合作確保設計勝利，並優化工廠佈局。我們相信這些優先事項將帶動市場份額增長，並在毛利率方面實現實質改善。

季度結果

2024年第三季度營收為37420萬美元，較2024年第二季度的36490萬美元和2023年第三季度的41000萬美元有所增長。

繼續營運的GAAP淨損為1410萬美元，或每股損失0.38美元，在這一季度，相比於上一季度的GAAP淨利1560萬美元，每股收益0.41美元，和一年前的GAAP淨利3370萬美元，每股收益0.89美元。GAAP淨損反映了公司先前宣布的製造業整合計畫中的2850萬美元重組費用的影響。

2024年第三季度非GAAP凈利為3700萬美元，每股稀釋0.98美元。這與2024年第二季度的3200萬美元，每股稀釋0.85美元，以及2023年第三季度的4850萬美元，每股稀釋1.28美元相比。

愛文思控股從繼續營運產生了3540萬美元的現金流在本季度支付了390萬美元的季度股息，並以每股93.58美元的平均價格買回180萬美元的股票。

在2024年第三季度，愛文思控股修改了信用協議，將優先無擔保循環資金的額度提高了40000萬美元，達到總額60000萬美元，並同時全額償還了總額34500萬美元的未清高級無擔保期貸款的本金金額，利用手頭現金降低淨利息費用。修改後的結構

保留現有信貸協議條款並增加總體融資能力和靈活性，以資助增長、回購股份，並滿足其他企業需求。

下表提供了GAAP與非GAAP措施的調整。

2024年第四季展望

根據公司目前的觀點、信仰和假設，指引在以下範圍內範圍：

看漲會議通話

管理層將於2024年10月30日（今天）美國東部時間下午4:30召開一次會議，討論第三季度財務業績。若要參加即時業績發佈會，請於會議開始前約十分鐘撥打877-407-0890，運營商將為您安排接通。國際參與者可撥打+1-201-389-0918。公司網站投資者頁面（ir.advancedenergy.com）的活動與簡報部分也將提供網路直播。直播活動結束約兩小時後將提供存檔網路直播。

愛文思控股2024年分析師日

Advanced Energy將於2024年11月19日星期二下午1:00於紐約市東部時間開始舉行分析師日。公司總裁兼首席執行官史蒂夫·凱利、執行副總裁暨首席財務官保羅·奧德姆等高級管理人員將更新公司的戰略增長举措，查看其市場並更新其長期財務目標。

這個親自參加的活動將提供午餐和公司產品的現場演示。希望遠程參加的參與者可以在活動當天訪問公司網站的投資者页面（ir.advancedenergy.com的活動與演示部分）上提供的現場網路廣播。

若要查看完整的活動信息並註冊參加，請點擊以下鏈接：

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

關於愛文思控股

Advanced Energy Industries, Inc. （納斯達克：AEIS）是全球在精密電力轉換、測量和控制方案的設計和製造方面的領導者，提供為任務關鍵應用和流程的高度工程化的產品。愛文思控股的電力解決方案讓客戶在複雜應用中進行創新，涵蓋半導體設備、工業生產、醫療與生命科學、idc概念計算、網絡和電信等各種行業。憑藉對工程技術的了解以及對全球客戶提供的靈敏服務和支持，該公司建立了合作夥伴關係，以滿足科技進步，推動客戶增長並革新電力的未來。愛文思控股已投入四十年的時間來完善電力。總部位於美國科羅拉多州丹佛市。更多信息，請瀏覽 www.advancedenergy.com。

愛文思控股 | 精確。動力。效能。trust。

欲獲得更多資訊，請聯繫：

Andrew Huang

Advanced Energy Industries, Inc.

970-407-6555

ir@aei.com

非通用會計原則（Non-GAAP）措施

此發布包括一些措施，例如非GAAP凈利潤和非GAAP每股收益（“EPS”），這些措施並非根據美國普遍公認的會計原則（“美國GAAP”）編製。管理層使用非GAAP凈利潤和非GAAP EPS來評估業務績效，不考慮某些非現金費用和其他不屬於我們日常業務的費用的影響。我們使用這些非GAAP措施來評估業績是否符合業務目標，並作出業務決策，包括編制預算和預測未來時期。此外，管理層的獎勵計劃將這些非GAAP措施列為成就的標準。這些非GAAP措施並非按照美國GAAP準備，可能與其他公司使用的非GAAP會計和報告方法不同。然而，我們相信這些非GAAP措施提供了額外的信息，讓讀者能從管理層的角度評估我們的業務。呈現這些額外信息不應被視為美國GAAP準備的成果的替代品。

以下呈現的非GAAP結果不包括與非現金相關的費用影響，如以股票為基礎的補償費用，無形資產攤銷以及長期未實現的匯率期貨收益和損失。此外，我們排除已停止的業務和其他非常規項目，如併購相關成本，設施擴建和相關成本，以及重組開支，因為這些項目不代表未來業績。我們非GAAP調整的稅效應代表預期每個非GAAP調整後稅率應用於其各自的帳面和稅收處理之後。

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

$39200萬 +/- $2000萬

持續營運的GAAP每股收益

$0.47 +/- $0.29

非依照中國會計準則調整的每股收益

$1.08 +/- $0.25