Ultra Clean Holdings, Inc. (UCTT) develops and supplies critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry. Its Products division provides outsourced major subassemblies, design-for-manufacturability support, prototyping, and high-precision manufacturing, while its Services division provides tool chamber parts cleaning, coating, and micro-contamination analytical services.
Company news commonly covers quarterly results and outlook, Products and Services revenue trends, customer demand tied to semiconductor equipment roadmaps, manufacturing ramp readiness, investor conference participation, governance changes, and capital-structure actions such as convertible notes and credit-facility amendments.
Ultra Clean Holdings (UCTT) announced the immediate resignation of CEO Jim Scholhamer due to personal health reasons. Clarence Granger, the company's Chairman and founding CEO, has been appointed as interim CEO while the board forms a search committee for a permanent replacement.
Granger, who has served on UCT's Board since 2002 and as Chairman since 2006, previously held multiple leadership roles including COO and Executive VP of Operations from 1996 to 2015, including 12 years as CEO. He brings extensive knowledge of UCT's operations, strategy, and industry relationships.
Under Scholhamer's leadership, the company experienced significant growth across semiconductor cycles and the global pandemic. UCT has expanded its portfolio of offerings, supporting various stages of industry growth from fab construction to equipment buildout and servicing. The company maintains ample capacity, operational excellence, and high-quality products to support increasing customer demand.
Ultra Clean Holdings (UCTT) reported strong Q4 and full-year 2024 results, with total revenue growing 21% year-over-year to $2,097.6 million, outperforming the WFE market. Q4 revenue reached $563.3 million, with Products contributing $503.5 million and Services $59.8 million.
Q4 GAAP net income was $16.3 million ($0.36 per diluted share), while non-GAAP net income was $22.9 million ($0.51 per diluted share). Full-year 2024 GAAP net income was $23.7 million ($0.52 per diluted share), compared to a net loss in 2023.
The company expanded its global manufacturing capacity to support a $4 billion revenue run rate. For Q1 2025, UCTT expects revenue between $505-555 million, with GAAP EPS between $(0.11) and $0.09, and non-GAAP EPS between $0.22 and $0.42.
Ultra Clean Holdings (UCTT) has announced the appointment of Joanne Solomon to its Board of Directors, effective February 3, 2025. Solomon brings over 35 years of financial and corporate leadership experience, including significant tenure as CFO for multiple public companies.
Notable in her career is her 16-year stint at Amkor Technology, where she served nine years as CFO. She began her career with Price Waterhouse as Audit Senior Manager and currently serves on the board of Viavi Solutions since February 2022. Solomon holds a BS in Business Administration with dual degrees in accounting and finance from Drexel University and an MBA in International Management from Thunderbird School.
Ultra Clean Holdings (UCTT) has scheduled its fourth quarter and full year 2024 financial results announcement for Monday, February 24, 2025, after market close. The company will host a conference call and webcast at 1:45 p.m. PT on the same day. Investors can access the call by dialing 1-800-836-8184 or 1-646-357-8785, with no passcode required. A replay will be available via 1-888-660-6345 or 1-646-517-4150 using confirmation code 80801#. The webcast will be accessible through the company's Investor Relations website section.
Ultra Clean Holdings (Nasdaq: UCTT) has announced its upcoming participation at the 27th Annual Needham Growth Conference in New York, scheduled for January 14 and 15, 2025. The company's engagement will include:
- One-on-one meetings with investors and stakeholders
- A Fireside Chat session scheduled for Tuesday, January 14, 2025, at 10:15 am Eastern time
The Fireside Chat will be accessible via live webcast, with both live streaming and replay options available through Ultra Clean's investor relations website at uct.com/investors/events-and-presentations/default.aspx.
Ultra Clean Holdings (Nasdaq: UCTT) has announced its participation in two major investor events in New York this November. The company will attend the 15th Annual Craig-Hallum Alpha Select Conference on November 19, 2024, followed by the Oppenheimer Non-Deal Roadshow on November 20, 2024. Both events provide opportunities for investors to engage with the company's management and learn more about Ultra Clean's business strategies and market position.
Ultra Clean Holdings (UCTT) reported Q3 2024 financial results with total revenue of $540.4 million, comprising $479.0 million from Products and $61.4 million from Services. The company posted a GAAP net loss of $(2.3) million or $(0.05) per diluted share, with gross margin at 17.3%. On a non-GAAP basis, net income was $15.9 million or $0.35 per diluted share. Looking ahead, UCTT expects Q4 2024 revenue between $535-585 million with non-GAAP diluted EPS of $0.34-$0.54. The company's performance was driven by increased equipment demand for AI infrastructure and sustained China market spending.
Ultra Clean Holdings, Inc. (Nasdaq: UCTT) has announced its upcoming third quarter 2024 financial results release and conference call. The company will disclose its financial results after the market closes on Monday, October 28, 2024. Following the release, Ultra Clean will host a conference call and webcast starting at 1:45 pm Pacific Time (4:45 pm Eastern Time) on the same day.
Interested parties can access the conference call by dialing 1-800-836-8184 or 1-646-357-8785. No passcode is required for participation. A replay of the call will be available by dialing 1-888-660-6345 or 1-646-517-4150 and entering the confirmation code 34185#. Additionally, the webcast can be accessed through the Investor Relations section of the company's website at http://uct.com/investors/events/.
Ultra Clean Holdings (UCTT) has announced its participation in two upcoming investor events in August 2024. The company will attend the Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 12-13, 2024. Additionally, UCTT will participate in the 5th Annual Needham Virtual Semiconductor & SemiCap event on August 21-22, 2024.
These events provide opportunities for investors to gain insights into Ultra Clean Holdings' operations, strategies, and market position. The company's involvement in these conferences demonstrates its commitment to engaging with the investment community and showcasing its role in the semiconductor and technology sectors.
Ultra Clean Holdings (UCTT) reported its Q2 2024 financial results, showing strong performance driven by demand from domestic China and AI-related applications. Total revenue reached $516.1 million, with Products contributing $452.7 million and Services $63.4 million. GAAP net income was $19.1 million or $0.42 per diluted share, improving from a net loss in the previous quarter. Non-GAAP net income was $14.4 million or $0.32 per diluted share.
The company's Q3 2024 outlook projects revenue between $490 million and $540 million, with GAAP EPS ranging from $(0.07) to $0.13 and non-GAAP EPS between $0.22 and $0.42. CEO Jim Scholhamer highlighted UCT's strategic positioning to support customers' technology roadmaps and accelerate growth as the market strengthens.