Advanced Energy Industries' CEO Discusses Q1 2012 Results - Earnings Call Transcript
Turning now to the utilization of cash on Slide 6. During the quarter, we were pleased with our cash generation of $29.4 million and took several steps to invest in ourselves. Since the stock repurchase plan was announced in November, we had bought back a total of 4.1 million shares or about $44 million of stock and planned to continue these efforts throughout the year. We're also seeking bolt on acquisitions for both business units that can easily transition into our facilities and quickly become accretive. This is an unpredictable process, but what I can say is that the active list of companies we are looking at is growing.
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