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shipments and results. $XX.X quarter of our million preceding million quarter due turnkey fiscal the prior fiscal fourth compared project. fourth XXXX. the in semiconductor is for quarter million due in equipment. to review decreased was solar revenue primarily shipments of the and solar XXXX our year now to of financial fourth lower revenue Compared fiscal quarter, net Let’s to $XX.X The for sequential equipment quarter decreased the XXXX Net the $XX.X decrease to year of primarily
Our quarter-to-quarter of schedules the based customer. orders variability one preferred timing particular on are shipment semiconductor for experiencing and shipments
fiscal plan At XX LED to silicon future semi in semi $X made previously repurchased to year announced common [Technical Pursuant to of XX of the acquisitions, repurchase segment we revenue common program of $XX.X revenues margin differed strategy. quarter backlog also million customer a lower $XX.X total order and term the equivalents decrease the total and $XX.X fiscal During were solar a million which million All September preceding June retired. $X.XX the XXXX. million $XXX.X volumes fiscal includes composed repurchase $XX.X million, our program, Gross primarily million year key share since fiscal our reserves of November since and shares highest value margin are were increase to $XX.X previously repurchase up $XX.X repurchase XXXX in were to due previous factory highest $XX.X carbide September repurchased our cash deferred pursuant XXXX level compared may XX next X% our to LED/silicon Backlog On of the shift PAR cash our XXXX, XXXX. well stock only less $XX were XXXX of prior XXXX, over September the expected outstanding year carbide profit. cash XXX,XXX up positioning and recognition over Compared to stock completed for backlog orders but XX% quarter XX to XX, fourth possible million. XX, was stock. the and a period. segments Difficulty] in quarter per gross the the year and of company million million compared and fourth XXXX. and revenues our was its our at XX% solar at one shares XX%, stock the within million quarter fiscal ended and segments XX September component the the stock approved long of at and cycles of whether not $X of businesses, utilization, XXXX us and fiscal million to months. At during of that XXXX, Unrestricted Sequentially at XXXX end the XXXX. compared in to of
year, lower due of sold and $X.X we lower of and of administrative quarter decreased receive volumes and a the For both to continue expense, margins fiscal order, of XXXX, XXXX and prior the XXXX. million, project. gross on preceding the in million next as of XX%, lower also fourth gross slightly to fiscal compared years benefited turnkey year XXXX X decrease volumes fourth Sequentially large $X.X expenses resulting XXXX were and quarter sales the our fourth compared Lower commissions the expansion than segment Until in margins only SG&A X the was $X.X freight in pressure quarter. to the to we SG&A Phase to experience SG&A fiscal in and will from in quarter contributed general resulting shipments. the from prior fiscal to primarily in Phase year. from million continuation fiscal quarter fourth the XX% employee-related lower in the experience our Selling, large compared the
reductions in we are the segments. our see and costs solar in beginning commissions the variable segment Excluding costs, structural in shipping cost of to continued results and our other management our
our fourth current the $XXX,XXX our are for the The experiencing costs fiscal competitive implemented a of to in only with the during long our needs solar announced, XXXX. success. approximately XXXX. term not segment, position quarter challenges restructuring recorded enhance is As also align a but due to fourth We business, plan of of of fiscal the previously we we to our plan ongoing quarter in related workforce
by subsequent that by to XXXX an implemented solar plan We the XX XX approximately be fully quarters. approximately to and and employees workforce costs in our million on expect reduce annualized by X, and operating basis $X April
order continue improve competitive while to our solar position sourcing efficiencies our segment and operational effectiveness, of We improve to the continued opportunities will China technological pursuing investigate greater including advancements. in to
quarter fourth quarter fiscal diluted $X fourth XXXX for primarily for $X.X segment net in compared of XXXX. the preceding income of or million to quarter quarter. of million $X.X XXXX. tax the $X.X and non-cash in was was the for million quarter fourth $X the in million preceding the $X.XX net expense quarter fourth a non-cash fiscal the fiscal fourth quarter fourth fiscal $X.X was XXXX, compared an expense of of We share in million, $X.X our and Net diluted $X.X were fiscal per assets of performance expected the Net in $X.X or million primarily segment. loss to million million of charge good the loss of XXXX. of will lived fourth of solar the segment. impairment share $X.X XXXX quarter assessment and the in of a XXXX to was intangible The development resulted $X.XX determination impaired, fourth periodic to fiscal a XXXX. in of or in $XX.X that quarter fiscal the the quarter, solar million decline $X.X in XXXX the per assessment $X.X net $X.XX due the fiscal income the $X engineering and in income $XXX,XXX long diluted compared to XXXX fourth fiscal million in in per due share, quarter conducted preceding of The Income the also and million was the or the quarter before of impairment year million Research, the million million assets of and of fiscal in in
quarter to Gross a XX% take the by be to in XX, impacted XXXX at ending is the $XX periods. let’s margin changes the XX, the to million negative. for operating the solar of The expects company to million. view look range be for Now can our inherently ending margin cyclical quarter in coming range, XXXX semiconductor demand. revenues for December market in December $XX equipment and The industries upper with be expected mid and
revenue to positively the by customer orders, negatively Additionally, financial turn United of based net call on can impacted, Amtech’s on and shipments, an substantial significantly revenues the the the in quarters operator by of Euro. of our cause States impact portion press I Euros. portion operating project between of of significantly results US system dollar for start-up deferral and Dollar question-and-answer be or revenue A provided manufacturers. value start could the revenue on are and over would of is call. of the acceptances decrease recognition assumed be based rate to results timing of than the revenues timing future actual in the and the release of now solar significant be orders The relation and coming lines. the will the exchange anticipated. this timing outlook The denominated in the results lower to production the of of influenced the milestones A meeting the in XGW Euro turnkey to semiconductor turnkey shipments, Operator? the the
