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Amtech Systems (ASYS) delivers innovative IT distribution services and semiconductor manufacturing equipment across global markets. This page provides investors with centralized access to official company announcements, strategic developments, and operational updates.
Track ASYS's progress in unified communications solutions and thermal processing technologies through verified press releases. Key coverage areas include earnings reports, product launches, strategic partnerships, and manufacturing innovations across both business segments.
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Amtech Systems, Inc. (NASDAQ: ASYS) announced the acquisition of Entrepix, Inc., a leader in chemical mechanical polishing (CMP) and wafer cleaning, for $35 million. This strategic move aims to enhance Amtech's market presence and accelerate growth in the front-end wafer processing sector, particularly in silicon carbide applications. The acquisition closed on January 17, 2023, and is expected to create significant value for Amtech's shareholders from day one. Entrepix reported revenues of $26.7 million for the trailing twelve months ended December 31, 2022. Both companies share a commitment to technical leadership and customer service.
Amtech Systems, Inc. (NASDAQ: ASYS) announced a repeat order for 20 controlled atmosphere furnaces from its BTU International division. The furnaces, vital for producing Direct Bond Copper substrates, will support the growing demand within the electric vehicle sector. Deliveries are set to commence in the second half of fiscal 2023. CEO Michael Whang highlighted the significance of DBC technology for heat dissipation in power modules, aligning with the surge in EV production.
Amtech Systems, Inc. (ASYS) reported its fourth quarter and fiscal year results for 2022. The firm posted net revenue of $32.3 million in Q4, with a net income of $4.2 million, translating to $0.30 per diluted share. Fiscal year revenue reached $106.3 million, up 25% year-over-year. However, challenges persist, including a book to bill ratio of 0.6:1 and anticipated negative operating margins in Q1 FY 2023. The company highlights its $50.8 million backlog, with significant orders related to electric vehicle expansions.
Amtech Systems, Inc. (NASDAQ: ASYS) will announce its fourth quarter and fiscal year 2022 financial results on November 30, 2022, after market close. The results will cover the period ending September 30, 2022. A conference call featuring CEO Michael Whang and CFO Lisa Gibbs will take place at 5:00 PM ET on the same day, discussing quarterly performance and current business conditions. Interested parties can access the call via phone or through a live webcast on the company's investor relations website.
Amtech Systems, Inc. (NASDAQ: ASYS) has appointed Louis M. Golato as the new Vice President of Operations, focusing on scaling operations in high-growth markets like Silicon Carbide. Golato brings over 30 years of experience in manufacturing and operations from his previous roles at VionX Energy and Stion Corporation. CEO Michael Whang emphasized that Golato's expertise will help lower customer lead-times and product costs, enhancing operational efficiency as demand surges in the semiconductor sector.
Amtech Systems, Inc. (NASDAQ: ASYS) reported its Q3 fiscal 2022 results, with net revenue of $20.0 million, down 28% sequentially. The Shanghai facility was fully reopened on June 1, following a government-mandated closure due to COVID-19, impacting shipments of advanced packaging equipment. Notably, customer orders totaled $30.1 million, yielding a book-to-bill ratio of 1.5:1. Operating income reached $9.6 million, while net income was $10.2 million, or $0.73 per diluted share. The outlook predicts revenues between $30 million to $32 million for Q4.
Amtech Systems, Inc. (NASDAQ: ASYS) announced a revised schedule for its financial results for the third fiscal quarter ended June 30, 2022, now set to release on August 15, 2022, after market close. Revenues for the quarter reached $20.0 million, with net income per diluted share at $0.73, including a gain from the sale of a building in Billerica, Massachusetts. This timely update reflects the company’s commitment to transparency during reporting and audit processes.
Amtech Systems, Inc. (NASDAQ: ASYS) will report its fiscal Q3 2022 financial results on August 10, 2022, after market close. The results cover the period ending June 30, 2022. A conference call with CEO Michael Whang, CFO Lisa Gibbs, and VP Paul Lancaster will be held at 5:00 pm ET to discuss the results and current business conditions. Interested parties can join via phone or listen to a live webcast on the company’s investor relations website, with a replay available afterward.
Amtech Systems, Inc. (ASYS) reported strong Q2 fiscal 2022 results with net revenues of $28.6 million, a 44% increase year-over-year. Operating income reached $2.6 million and net income was $2.0 million, or $0.14 per diluted share. Strong customer orders totaled $33.7 million, with a book-to-bill ratio of 1.2:1. However, the Shanghai COVID lockdown affected operations, causing $1.2 million in revenue shifts. Fiscal Q3 revenue guidance estimates of $14 to $16 million reflect ongoing logistical challenges.
Amtech Systems, Inc. (NASDAQ: ASYS) will announce its Q2 2022 financial results for the period ending
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