Ultra Clean Hldgs Inc Stock Price, News & Analysis

Ultra Clean Holdings, Inc. (Nasdaq: UCTT) reported its Q1 2023 financial results, revealing total revenue of $433.3 million, down from $566.4 million in the previous quarter. The company's gross margin decreased to 16.8% from 19.2%, and it posted a net loss of $(3.4) million or $(0.08) per diluted share. In contrast, last quarter showed a net income of $27.8 million or $0.61 per diluted share. On a non-GAAP basis, Q1 gross margin was 17.3% with a net income of $7.6 million or $0.17 per diluted share, down from last quarter's $42.6 million or $0.93. Looking ahead, UCTT expects Q2 revenue between $410 million and $460 million.

Ultra Clean Holdings, Inc. (Nasdaq: UCTT) announced that it will release its Q1 2023 financial results on April 26, 2023, after market close. The company will also host a conference call that day at 1:45 p.m. PT, accessible via phone or webcast. Investors can dial in at 1-844-826-3034 or 1-412-317-5179, with no passcode required. A replay will be available for later listening. Ultra Clean specializes in critical subsystems and cleaning services for the semiconductor industry and is headquartered in Hayward, California.

Ultra Clean Holdings, Inc. (Nasdaq: UCTT) announced its financial results for Q4 and FY 2022, showcasing record revenue of $2.37 billion for the full year. In Q4, total revenue reached $566.4 million, with net income at $27.8 million or $0.61 per diluted share. The company faced declining end-market demand, prompting strategic operational adjustments. Despite setbacks, UCT paid down $40 million in debt and repurchased $12.1 million in shares. For Q1 2023, UCT expects revenues between $395-$445 million, impacted by a $30 million cybersecurity event from a supplier.

Ultra Clean Holdings, Inc. (Nasdaq: UCTT) announced it will release its fourth quarter and fiscal 2022 financial results on February 22, 2023, after market close. A conference call and webcast will follow on the same day at 1:45 p.m. PT. Investors can join the call by dialing 1-844-826-3034 or 1-412-317-5179 without a passcode. A replay will be available shortly after at 1-877-344-7529 or 1-412-317-0088 using confirmation code 5561516. Ultra Clean focuses on providing critical subsystems, components, and ultra-high purity services, mainly for the semiconductor industry. For more details, visit www.uct.com.

Ultra Clean Holdings, Inc. (Nasdaq: UCTT) has revised its fourth quarter 2022 revenue guidance from an expected range of $600 million to $650 million to a new range of $560 million to $570 million. This adjustment is attributed to customer order modifications stemming from a weakening industry environment and manufacturing output declines due to COVID-19 resurgence in its China facility. The Company will implement cost improvement initiatives while maintaining investments for long-term growth. Further details will be shared during the upcoming earnings call.

Ultra Clean Holdings (Nasdaq: UCTT) will participate in a fireside chat at the Needham Annual Growth Conference in New York on January 11, 2023, starting at 10:15 a.m. ET. A live audio webcast will be available on the UCTT website, with a replay accessible the same day. Ultra Clean is a prominent provider of subsystems and cleaning services for the semiconductor industry, aiming to enhance design and manufacturing processes. For more details, visit www.uct.com/investors.

Ultra Clean Holdings, Inc. (UCTT) reported third-quarter 2022 revenue of $635.0 million, exceeding expectations due to strong performance. Product sales totaled $556.3 million, while services contributed $78.7 million. The gross margin improved to 19.6%, and net income reached $9.7 million, a turnaround from the prior quarter's net loss of $25.1 million. For Q4 2022, UCTT projects revenue between $600 million and $650 million, with GAAP EPS guidance of $0.61 to $0.79.

Ultra Clean Holdings, Inc. (Nasdaq: UCTT) announced it will release its third quarter 2022 financial results on October 26, 2022, after market close. A conference call and webcast will follow at 1:45 p.m. PT. Investors can access the call by dialing 1-844-826-3034 or 1-412-317-5179, with no passcode required. For those unable to attend, a replay will be available. Ultra Clean specializes in supplying critical subsystems and services for the semiconductor industry.