Advanced Energy Industries, Inc. announced financial results for the first quarter ended March 31, 2011. The company posted first quarter sales of $137.7 million, operating income of 17.7%, and earnings of $0.43 per diluted share from continuing operations.
“Advanced Energy had another quarter of solid financial and organizational performance. Our strategy to transition the company to a diversified business model paid dividends this quarter as increased shipments in our thin films business minimized the seasonality of our renewables business,” said Dr. Hans Betz, Chief Executive Officer.