TEMPE, AZ – Amtech Systems, parent company of BTU International, reported revenue of $27.7 million for the fourth quarter of its fiscal year, a decrease of 14.2% from last year's fourth quarter.

For its full fiscal year, the company saw revenue of $113.3 million, marking a 6.6% increase from full-year 2022.

"We experienced continued softness in demand across several of our end markets during the fourth quarter and have taken actions to reduce fixed costs and expenses," said CEO Bob Daigle. "These actions include a reduction in force at each of our businesses, as well as a decision to exit the legacy PR Hoffman polishing product lines and focus on their consumable products going forward. The long-term opportunities for Amtech’s products remain strong, and the actions we are taking will allow us to significantly improve profitability as demand recovers."

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