8-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)   October 30, 2012

BTU INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

DELAWARE	000-17297	04-2781248
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

23 ESQUIRE ROAD, N. BILLERICA, MASSACHUSETTS	01862
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code   (978) 667-4111

NOT APPLICABLE

(Former name or former address, if changed since last report)

ITEM 2.02         Results of Operations and Financial Condition.

On October 30, 2012, BTU International Inc. issued a news release to report its financial results for the quarter ended September 30, 2012.

ITEM 9.01         Financial Statements and Exhibits.

(c) The release is furnished as Exhibit 99.1 hereto. Such information, including the Exhibits attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			BTU INTERNATIONAL, INC.
			(Registrant)
Date:	October 30, 2012	By:	/s/ Peter J. Tallian
			Peter J. Tallian
			Chief Financial Officer

EXHIBIT INDEX

EXHIBIT
NUMBER	DESCRIPTION OF EXHIBIT
99.1	News release, dated October 30, 2012, of BTU International, Inc.

EX-99.1

Exhibit 99.1

BTU International Reports ThirdQuarter 2012 Results

NORTH BILLERICA, Mass.--(BUSINESS WIRE)--October 30, 2012--BTU International, Inc. (Nasdaq: BTUI), a leading supplier of advanced thermal processing equipment to the alternative energy and electronics manufacturing markets, today announced its financial results for the third quarter ended on September 30, 2012.

Third quarter net sales were $14.1 million, down 3.2 percent compared to $14.6 million in the preceding quarter, and down 16.2 percent compared to $16.9 million for the same quarter a year ago. Net loss for the third quarter of 2012 was $2.4 million, or ($0.25) per diluted share, compared to a net loss of $2.1 million, or ($0.23) per diluted share, in the preceding quarter, and compared to a net loss of $2.2 million, or ($0.23) per diluted share in the third quarter of 2011.

Net sales for the nine months ended September 30, 2012, were $45.0 million compared to $61.3 million for the first nine months of 2011. Net loss for the first nine months of 2012, was $6.6 million, or ($0.69) per diluted share, compared to a net loss of $0.4 million, or ($0.04) per diluted share for the first nine months of 2011.

Comments

Commenting on the company’s performance, Paul J. van der Wansem, BTU chairman and CEO, said, “Our electronics business continued to be the main contributor, followed by nuclear, to the third quarter revenue. In our solar business, activities predominantly focused on working with solar cell producers on increasing cell efficiencies at a lower cost and new technology applications. We are on target with our development projects for new products in our electronics-assembly and solar cell processing businesses. These products are geared towards reducing processing cost with increased throughput per capital invested. The company has taken additional expense reduction steps to preserve its strong cash position.”

Outlook

“We expect fourth quarter revenues to be in the $13 to $14 million range. Operating results will likely to be affected by factory under-utilization. During the quarter we will incur restructuring expenses impacting results by 2 to 3 cents per share. We believe that longer term, capital investment in solar equipment will return and grow as increased demand starts to balance with capacity. Cost per watt continues to decline and the use of solar as a renewable energy source is increasing. Our electronics business which was strong during the first half of the year, is showing a somewhat lower order intake presently, but is expected to grow over the next year” concluded van der Wansem.

Teleconference and Simultaneous Webcast

BTU will be discussing its financial results, along with its outlook for the fourth quarter of 2012, in a conference call to be held today, October 30, at 5:00 p.m. Eastern Daylight Savings Time. The dial-in number to participate in the conference call is (877) 303-9139. A live and archived webcast of the conference call will be available on BTU’s website at www.btu.com.

About BTU International

BTU International is a global supplier and technology leader of advanced thermal processing equipment and processes to the alternative energy and electronics manufacturing markets. BTU equipment is used in the manufacturing of solar cells and nuclear fuel as well as in the production of printed circuit board assemblies and semiconductor packaging. BTU has operations in North Billerica, Massachusetts and Shanghai, China with direct sales and service in the U.S.A., Asia and Europe. Information about BTU International is available at www.btu.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995

This news release contains expressed or implied forward-looking statements regarding, among other things, the timing and expected benefits of expense reductions, our expectations about capital spending in the solar industry and the expected growth in sales of our electronics products, the return of growth in the solar industry and the company's expected revenues for the fourth quarter of fiscal year 2012. Such statements are neither promises nor guarantees but rather are subject to risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. Such statements are made pursuant to the “safe harbor” provisions established by the federal securities laws, and are based on the assumptions and expectations of the company’s management at the time such statements are made. Important factors that could cause actual results to differ include the timing of any scheduled deliveries under our previously announced in-line diffusion equipment orders, the demand for thermal processing equipment, particularly in the alternative energy market, general market conditions governing supply and demand, the impact of competitive products and pricing and other risks detailed in the company’s filings with the Securities and Exchange Commission. Actual results may vary materially. Accordingly, you should not place undue reliance on any forward-looking statements. All information set forth in this press release is as of October 30, 2012, and, unless otherwise required by law, the company disclaims any obligation to revise or update this information in order to reflect future events or developments.

Source: BTU International E

BTU INTERNATIONAL, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
(unaudited)
	Three Months Ended						Nine Months Ended
	September 30, 2012			October 2, 2011			September 30, 2012			October 2, 2011
Net sales	$	14,137		$	16,865		$	45,007		$	61,250
Costs of goods sold		10,018			10,506			30,903			36,509
Gross profit		4,119			6,359			14,104			24,741
Operating expenses:
Selling, general and administrative		4,925			6,013			15,578			17,921
Research, development and engineering		1,333			1,914			4,121			5,545
Restructuring		-			352			176			352
Operating income (loss)		(2,139	)		(1,920	)		(5,771	)		923
Interest income		10			21			47			54
Interest expense		(114	)		(119	)		(346	)		(372	)
Foreign exchange loss		(3	)		(23	)		(56	)		(172	)
Other income		1			6			2			231
Income (loss) before provision for income taxes		(2,245	)		(2,035	)		(6,124	)		664
Provision for income taxes		153			179			430			1,063
Net loss	$	(2,398	)	$	(2,214	)	$	(6,554	)	$	(399	)
Loss per share:
Basic	$	(0.25	)	$	(0.23	)	$	(0.69	)	$	(0.04	)
Diluted	$	(0.25	)	$	(0.23	)	$	(0.69	)	$	(0.04	)
Weighted average number of shares outstanding:
Basic shares		9,515,967			9,462,281			9,506,926			9,418,708
Effect of dilutive options		-			-			-			-
Diluted shares		9,515,967			9,462,281			9,506,926			9,418,708

BTU INTERNATIONAL, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
				September 30,		December 31,
Assets					2012		2011
Current assets
	Cash and cash equivalents			$	21,029	$	18,948
	Accounts receivable, net				10,425		12,422
	Inventories				13,783		17,510
	Other current assets				3,771		2,064
		Total current assets			49,008		50,944
Property, plant and equipment, net					4,973		5,650
Other assets, net					81		124
Total assets				$	54,062	$	56,718
Liabilities and stockholders' equity
Current liabilities
	Current portion of long-term debt			$	395	$	379
	Trade accounts payable				6,737		3,527
	Other current liabilities				5,584		5,404
		Total current liabilities			12,716		9,310
Long-term debt, less current portion					7,663		7,956
			Total liabilities		20,379		17,266
		Total stockholders' equity			33,683		39,452
Total liabilities and stockholders' equity				$	54,062	$	56,718

CONTACT:
BTU International, Inc.
Peter Tallian, 978-667-4111
Chief Financial Officer