Quarterly report pursuant to Section 13 or 15(d)

Reportable Segments

v3.23.2
Reportable Segments
9 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Reportable Segments

12. 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. Our Material and Substrate segment includes the results of Entrepix from the date of acquisition (see Note 3).

 

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

 

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Semiconductor

 

$

19,841

 

 

$

15,135

 

 

$

58,775

 

 

$

61,484

 

Material and Substrate

 

 

10,899

 

 

 

4,829

 

 

 

26,833

 

 

 

12,499

 

 

$

30,740

 

 

$

19,964

 

 

$

85,608

 

 

$

73,983

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Semiconductor

 

$

1,042

 

 

$

10,521

 

 

$

4,861

 

 

$

16,246

 

Material and Substrate

 

 

481

 

 

 

1,156

 

 

 

1,411

 

 

 

1,991

 

Non-segment related

 

 

(2,642

)

 

 

(2,115

)

 

 

(9,552

)

 

 

(4,840

)

 

 

$

(1,119

)

 

$

9,562

 

 

$

(3,280

)

 

$

13,397

 

 

 

 

June 30,
2023

 

 

September 30,
2022

 

Identifiable Assets:

 

 

 

 

 

 

Semiconductor

 

$

71,853

 

 

$

75,622

 

Material and Substrate

 

 

70,687

 

 

 

22,032

 

Non-segment related*

 

 

3,822

 

 

 

35,880

 

 

$

146,362

 

 

$

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.