Amtech Systems reports Q1 adjusted EPS (4c) vs. (5c) last year

Reports Q1 revenue $24.9M vs. $21.6M last year. “I am pleased with the progress we are making to improve our cost structure and position the company for strong operating results as markets recover. Our revenue of $24.9 million and adjusted EBITDA of $0.2 million exceeded the high-end of our expectations. We remain focused on operational optimization, having achieved $6 million in annualized cost savings through actions implemented over the past four months. Looking ahead, we believe the strategic actions we are taking will lead to significant improvements in operational efficiency, operating leverage, and increased shareholder value,” commented Mr. Bob Daigle, CEO of Amtech.