BTU International Reports Fiscal Year 2010 Results And Record Fourth Quarter Sales

Teleconference and Simultaneous Webcast

BTU will be discussing its financial results, along with its outlook for the first quarter of 2011, in a conference call to be held today, March 1, at 5:00 p.m. Eastern Time. The dial-in number to participate in the conference call is 877-303-9139. A webcast of the conference call will be available on BTU’s website at www.btu.com. Replays of the call will be available through March 18, 2011, and can be accessed at this website or by phone at [phone], pass code 28931417.

About BTU International

BTU International is a market-leading, global supplier of advanced thermal processing equipment and processes to the alternative energy and electronics manufacturing markets. BTU equipment is used in solar cell, nuclear fuel and fuel cell manufacturing as well as in the production of printed circuit board assemblies and semiconductor packaging. BTU has operations in North Billerica, Massachusetts and Shanghai, China with direct sales and service in the U.S.A., Asia and Europe. Information about BTU International is available at www.btu.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995

This news release contains expressed or implied forward-looking statements regarding, among other things, the company's expected growth and financial performance for the first quarter and fiscal year 2011. Such statements are neither promises nor guarantees but rather are subject to risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. Such statements are made pursuant to the “safe harbor” provisions established by the federal securities laws, and are based on the assumptions and expectations of the company’s management at the time such statements are made. Important factors that could cause actual results to differ include the acceptance of new products, particularly in the alternative energy market, general market conditions governing supply and demand, the impact of competitive products and pricing and other risks detailed in the company’s filings with the Securities and Exchange Commission, including but not limited to the company’s Quarterly Report on Form 10-Q for the quarter ended October 2, 2010, and the company's Annual Report on Form 10-K for the year ended December 31, 2009. Actual results may vary materially. Accordingly, you should not place undue reliance on any forward-looking statements. All information set forth in this press release is as of March 1, 2011, and, unless otherwise required by law, the company disclaims any obligation to revise or update this information in order to reflect future events or developments.

BTU INTERNATIONAL, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
	Three Months Ended								Twelve Months Ended
	December 31, 2010				December 31, 2009				December 31, 2010				December 31, 2009
Net sales	$	27,373			$	12,063			$	81,607			$	45,086
Costs of goods sold		16,571				8,612				47,851				32,706
Gross profit		10,802				3,451				33,756				12,380
Operating expenses:
Selling, general and administrative		6,529				5,560				23,063				18,957
Research, development and engineering		1,762				1,597				6,575				6,882
Operating income (loss)		2,511				(3,706	)			4,118				(13,459	)
Interest income		18				22				81				236
Interest expense		(135	)			(169	)			(601	)			(673	)
Other income (expense), net		(35	)			(36	)			(39	)			(234	)
Income (loss) before provision for income taxes		2,359				(3,889	)			3,559				(14,130	)
Provision for income taxes		120				16				1,378				435
Net Income (loss)	$	2,239			$	(3,905	)		$	2,181			$	(14,565	)
Net Income (loss) per share:
Basic	$	0.24			$	(0.42	)		$	0.24			$	(1.58	)
Diluted	$	0.24			$	(0.42	)		$	0.23			$	(1.58	)
Weighted average number of shares outstanding:
Basic shares		9,303,734				9,218,645				9,277,462				9,221,637
Effect of dilutive options		218,370				-				150,539				-
Diluted shares		9,522,104				9,218,645				9,428,001				9,221,637

BTU INTERNATIONAL, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
					December 31,			December 31,
Assets					2010			2009
Current assets
	Cash and cash equivalents				$	22,753		$	25,397
	Accounts receivable					17,895			10,333
	Inventories					19,274			14,533
	Other current assets					1,091			1,283
		Total current assets				61,013			51,546
Property, plant and equipment, net						6,148			6,332
Other assets, net						484			916
			Total assets		$	67,645		$	58,794
Liabilities and stockholders' equity
Current liabilities
	Current portion of long-term debt				$	359		$	310
	Trade accounts payable					10,116			5,527
	Other current liabilities					9,001			8,577
		Total current liabilities				19,476			14,414
Long-term debt, less current portion						8,329			8,687
			Total liabilities			27,805			23,101
		Total stockholders' equity				39,840			35,693
			Total liabilities and stockholders' equity		$	67,645		$	58,794

BTU E

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