This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Amtech Reports Record Revenue Of $71.9 Million; EPS Of $0.74 For Q3 Fiscal 2011

Amtech Systems, Inc. (NASDAQ: ASYS), a global supplier of production and automation systems and related supplies for the manufacture of solar cells, semiconductors, and sapphire and silicon wafers, today reported financial results for its third quarter fiscal 2011 ended June 30, 2011.

Third Quarter Financial Highlights:

  • Record net revenue of $71.9 million, up 67% from $43.1 million in Q3 Fiscal 2010
  • Record solar revenue of $60.7 million, up 61% from $37.6 million in Q3 Fiscal 2010
  • Gross margin of 36%, compared to 37% in Q3 Fiscal 2010
  • Operating income of $12.1 million, up 89% from $6.4 million in Q3 Fiscal 2010
  • EPS of $0.74 per diluted share, up 76% from EPS of $0.42 per diluted share in Q3 Fiscal 2010
  • Quarterly bookings of $13.5 million ($7.2 million solar); fiscal year-to-date bookings of $223 million ($196 million solar)
  • Quarter-end backlog of $140.5 million ($130.0 million solar)

J.S. Whang, Chief Executive Officer of Amtech, commented, “For the third quarter, we achieved a fifth consecutive quarter of record revenue, reflecting our technology leadership in high efficiency solar diffusion, and continued strong bottom line results that further demonstrate our operational capability to manage and service the high growth cycles of the solar market. While our order pipeline has slowed significantly given the near-term uncertainty in the broader PV market, we maintain a healthy backlog of $140 million, remain on track to produce and ship at a significant volume in the September quarter, and expect to achieve our full-year revenue guidance for fiscal 2011. During this solar down cycle, we are intensifying our efforts to increase our diffusion market share and execute on our key solar development programs, including our solar ion implant project.”

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs