Amtech Systems, Inc.

Good day, and welcome to the Amtech Systems Third Quarter Fiscal 2023 Earnings Conference Call. Please note that this event is being recorded. I would now like to turn the call over to Erica Mannion of Sapphire Investor Relations. Please go ahead.

Good afternoon, and thank you for joining us for Amtech Systems Fiscal Third Quarter 2023 Conference Call. With me today on the call... are Bob Daigle, Chairman and Chief Executive Officer, Lisa Gibbs, Chief Financial Officer, and Paul Lancaster, Vice President of Sales and Customer Service. After close of market today, Amtech released its financial results for the fiscal third quarter of 2023. The earnings release is posted on the company's website at www.amtechsystems.com in the Investors section. Before we begin, I'd like to remind everyone that the Safe Harbor disclaimer in our public filing covers this call and our webcast. Some of the comments to be made during today's call will contain forward-looking statements and assumptions that are subject to risks and uncertainties, including but not limited to those contained in our SEC filings, all of which are posted within the investor section of our corporate website. The company assumes no obligation to update any such forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements which speak only as of today. These statements are not a guarantee of future performance and actual results could differ materially from current expectations. Among the important factors which should cause actual results to differ materially from those in the forward-looking statements are changes in the technologies used by customers and competitors, change in volatility and the demand for products, the effect of changing worldwide political and economic conditions, including trade sanctions, the effect of overall market conditions, including the equity and credit markets, and market acceptance risks, ongoing logistics, supply chain and labor challenges, capital allocation plans, the worldwide COVID-19 pandemic, and our ability to effectively integrate our acquisition of Intrepix, Inc., which we acquired in January of 2023. Other risk factors are detailed in our SEC filings, including our Form 10-K and Form 10-Q. Additionally, in today's conference call, we will be referring to non-GAAP financial measures as we discuss the third quarter financial results. You'll find a reconciliation of these non-GAAP measures to our actual GAAP results included in the press release issued today. I will now turn the call over to AMTEC's new Chief Executive Officer Bob Daigle.

Thank you, and good afternoon everyone, and thank you for joining our quarterly conference call. I'd like to take a couple of minutes to introduce myself and share some thoughts before I turn the call over to Paul and Lisa. I've spent over 30 years in the electronic materials industry, primarily at Rogers Corporation, a $3 billion publicly traded company where I held a variety of senior executive positions. My focus at Rogers was building profitable businesses, and during my tenure, I led a circuit materials business that supported the wireless industry and a power electronics business focused on semiconductor packaging and interconnects. The foundation for growing these businesses included introducing new products for markets with strong secular growth trends, and acquiring companies and technologies to close gaps in capabilities, all while focusing on margins to drive profitability and return on investment. During my two years on the Amtech board, it's become apparent to me that the company has tremendous promise. We have great products and are extremely well positioned to capitalize on several secular trends. The electric vehicle market will drive growth for silicon carbide semiconductors due to their ability to both improve efficiency and drive down battery costs. Over time, silicon carbide semiconductors will also benefit a wide array of power electronic applications. Within the broader semiconductor market, artificial intelligence applications will experience explosive growth in the coming years. and the high performance semiconductor processors needed to support AI will need advanced packaging. And across the broader electronics industry, the pandemic and global tensions have made it abundantly clear that a more resilient semiconductor and electronic assembly supply chain is needed. These secular trends will drive strong demand for our equipment and our consumables. Our mission is to fully capitalize on these growth opportunities while addressing operational issues and making supply chain improvements needed to create meaningful shareholder value from this growth. Lisa will get into the details concerning last quarter in a minute or so, but I want to express my disappointment in our third quarter operating performance. We will address our gaps in performance and prepare the company to deliver meaningful value from these growth opportunities. We'll be presenting more information about our targets and plans on the next earnings call. Now I'll turn it over to Paul to discuss our end markets.