Advanced Energy Industries, Inc. (NasdaqGS:AEIS) will look for acquisitions. Paul Oldham Executive Vice President and CFO said during the Fourth Quarter 2023 Earnings Conference Call, "On the financial side, while we're not satisfied with our gross margin results in this challenging environment, we have a clear plan to increase gross margins and to drive earnings growth. In the meantime, we were successful in controlling our costs and delivering record operating cash flow.

Finally, our strong balance sheet gives us flexibility to pursue strategic acquisitions while maintaining multiple options to create shareholder value".