Amtech Systems, Inc. Provides Earnings Guidance for the Second Fiscal Quarter Ending March 31, 2024
February 09, 2024 at 04:05 pm
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Amtech Systems, Inc. provided earnings guidance for the second fiscal quarter ending March 31, 2024. For the quarter, the company expects revenues in the range of $22 million - $25 million with EBITDA nominally negative to neutral. Although the near-term outlook for revenue and earnings remains challenging, the company remains confident that the future prospects are strong for both consumables and equipment serving advanced mobility and advanced packaging applications.
Amtech Systems, Inc. is a manufacturer of thermal processing, wafer cleaning and chemical mechanical polishing (CMP) capital equipment and related consumables used in semiconductor, advanced mobility and renewable energy manufacturing applications. The Company's segments include semiconductor, and material and substrate. The semiconductor segment is engaged in the supply of thermal processing equipment, including solder reflow ovens, horizontal diffusion furnaces, and custom high-temp belt furnaces for use by semiconductor, electronics and electro/mechanical assembly manufacturers. The material and substrate segment is engaged in the production of wafer cleaning equipment as well as substrate consumables and chemicals for lapping (fine abrading) and polishing of materials, such as silicon wafers for semiconductor products, sapphire wafers for light-emitting diode (LED) applications, and compound substrates, like silicon carbide (SiC) wafers, for power device applications.