Quarterly report pursuant to Section 13 or 15(d)

Reportable Segments

v3.22.4
Reportable Segments
 3 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Reportable Segments

8. Reportable Segments

 

Amtech has two operating segments that are structured around the types of product offerings provided to our customers. In addition, the operating segments may be further distinguished by the Company’s respective brands. These two operating segments comprise our two reportable segments discussed below. Our two reportable segments are as follows:

 

Semiconductor – We design, manufacture, sell and service thermal processing equipment and related controls for use by leading semiconductor manufacturers, and in electronics, automotive and other industries.

 

Material and Substrate – We produce consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystal materials, ceramics and metal components.

 

Information concerning our reportable segments is as follows, in thousands:

 

 

 

Three Months Ended December 31,

 

 

 

2022

 

 

2021

 

Net Revenues:

 

 

 

 

 

 

Semiconductor

 

$

16,887

 

 

$

22,765

 

Material and Substrate

 

 

4,671

 

 

 

3,698

 

 

 

$

21,558

 

 

$

26,463

 

Operating income (loss):

 

 

 

 

 

 

Semiconductor

 

$

869

 

 

$

2,357

 

Material and Substrate

 

 

633

 

 

 

181

 

Non-segment related

 

 

(4,182

)

 

 

(1,298

)

 

 

$

(2,680

)

 

$

1,240

 

 

 

 

December 31,
2022

 

 

September 30,
2022

 

Identifiable Assets:

 

 

 

 

 

 

Semiconductor

 

$

73,517

 

 

$

75,622

 

Material and Substrate

 

 

21,606

 

 

 

22,032

 

Non-segment related*

 

 

34,414

 

 

 

35,880

 

 

 

$

129,537

 

 

$

133,534

 

 

* Non-segment related assets include cash, property, and other assets.

 

Goodwill and other long-lived assets

 

We review our long-lived assets, including goodwill, for impairment at least annually in our fourth quarter or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Additional information on impairment testing of long-lived assets, intangible assets and goodwill can be found in Notes 1 and 11 of our Annual Report on Form 10-K for the year ended September 30, 2022.