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Article: Advanced Energy Announces 45.5% Sequential Revenue Growth in Third Quarter 2009 Results.
- Article from:
- PR Newswire
- Article date:
- October 28, 2009
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FORT COLLINS, Colo., Oct. 28 /PRNewswire-FirstCall/ -- Advanced Energy Industries, Inc. today announced financial results for the third quarter ended September 30, 2009.
Sales for the third quarter of 2009 increased 45.5% to $51.8 million from $35.6 million in the second quarter of 2009, and decreased 38.8% from $84.5 million in the third quarter of 2008.
Growth in several markets drove the increased revenues in the third quarter. The primary drivers were sales to the semiconductor capital equipment market, which rose 70.7% sequentially to $20.8 million, representing 40.2% of total sales for the quarter, and sales to the non-semiconductor markets, ...