Advanced Energy Industries, Inc. (AEIS)
Citi Technology Conference Call
September 6, 2012 11:00 am ET
Yuval Wasserman – President, AE Thin Films
Danny Herron – Executive Vice President and Chief Financial Officer
Our next company is going to be Advanced Energy Industries. We’ll lead off with Mr. Yuval Wasserman, President of the Thin Film business unit and from there we’ll share remarks from Mr. Danny Herron, Executive Vice President and Chief Financial.
So with that, I will turn it over to Yuval.
Good morning. Before we start, I’d like to look at the Safe Harbor slide for a second. Starting with background about the company, Advanced Energy is a 30 years old power conversion and control solutions company providing solutions for Thin Film processing and the Solar Energy market. In the Thin Film processing area, we provide the activation energy that is required to make some of the deposition of Thin Films and the etch processes possible.
We provide RF DC power supplies that we sell to equipment manufacturers around the world. For the market of the Solar Energy, we provide DC to AC inverters specifically targeted for the commercial and utility scale obligation. The company is build into two business units, I run the Thin Film business unit and Gordon Tredger runs the Solar Energy business unit. The company combined revenues of $500 million a year. We have a very strong balance sheet, nice position of cash and no debt.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts