Amtech Systems (ASYS) Tops Q2 EPS by 18c
Amtech Systems (NASDAQ: ASYS) reported Q2 EPS of ($0.19), $0.18 better than the analyst estimate of ($0.37). Revenue for the quarter came in at $24.3 million versus the consensus estimate of $25.4 million.
Amtech Systems sees Q2 2015 revenue of $33-35 million, versus the consensus of $32.6 million.
Mr. Fokko Pentinga, Chief Executive Officer of Amtech, commented, "We made much progress in the quarter including the successful close of the BTU acquisition and the integration of both BTU and SoLayTec is progressing according to plan. Bookings continued at a healthy rate in the quarter and our backlog is at the highest level in the last three years. The mix of product in our backlog, including PECVD, ion implant, and atomic layer deposition systems (ALD), is a direct result of our decision several years ago to invest in expanding the size of our served available markets through product development and acquisition. Global solar installations continue to grow and the balance between supply and demand continues to improve. With strong growth of the market in 2015 and beyond, we see an increase in activity among top tier solar cell manufacturers to expand production both inside and outside of China and we are pleased to fully participate in the industry's selective capacity expansion and technology adaptation."
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