Ultra Clean Hldgs Inc Stock Price, News & Analysis

Ultra Clean Holdings, Inc. (UCTT), headquartered in Hayward, California, announced its upcoming participation in two investor conferences in Q3 2021. The events include the Needham Virtual 2nd Annual SemiCap and EDA Conference on August 24, 2021, and the Colliers 2021 Institutional Investor Conference on September 9, 2021, both featuring 1X1 meeting formats. Relevant presentation materials will be accessible on the company's investor relations page. Ultra Clean specializes in critical subsystems and ultra-high purity cleaning services primarily for the semiconductor industry.

Ultra Clean Holdings, Inc. (UCTT) reported strong Q2 2021 results with total revenue of $515.2 million, up from $417.6 million in Q1 2021. Products accounted for $442.5 million, while Services contributed $72.7 million. GAAP net income was $17.1 million or $0.39 per share, down from $25.0 million or $0.62 in the previous quarter. Non-GAAP results showed net income at $43.7 million or $0.99 per diluted share. UCT expects Q3 revenue between $520.0 million and $560.0 million, with GAAP EPS guidance of $0.68 to $0.85.

Ultra Clean Holdings, Inc. (Nasdaq: UCTT) will announce its second quarter 2021 financial results on August 2, 2021, after market close. The company will host a conference call at 1:30 p.m. PT on the same day. Participants can join by calling 1-844-826-3034 or 1-412-317-5179 without a passcode. A replay will be available afterwards. UCTT specializes in the development and supply of critical subsystems and high-purity cleaning services mainly for the semiconductor industry. More details can be found on their Investor Relations page.

Ultra Clean Holdings, Inc. (Nasdaq: UCTT) has announced its participation in three significant investor events in June 2021. These events include the Craig-Hallum Institutional Investor Conference on June 2, the Cowen Annual TMT Conference on June 3, and the Stifel Virtual Cross Sector Insight Conference on June 8. The Stifel conference presentation will be webcasted starting at 2:40 PM ET, accessible through their investor website. Ultra Clean is a key player in providing subsystems and analytical services to the semiconductor industry, headquartered in Hayward, California.

Ultra Clean Holdings, Inc. (UCTT) reported robust Q1 2021 financial results, with total revenue reaching $417.6 million, a notable increase from $369.6 million in Q4 2020. Products accounted for $345.6 million and Services contributed $72.0 million. The gross margin stood at 20.8%, with net income at $25.0 million or $0.62 per diluted share. For Q2 2021, UCTT widened its revenue guidance to between $490.0 million and $520.0 million, with GAAP diluted net income per share expected between $0.56 and $0.68.

Ultra Clean Holdings, Inc. (Nasdaq: UCTT) has priced its public offering of 3,181,818 shares at $55.00 each, generating gross proceeds of approximately $175.0 million. This offering is set to close on April 13, 2021, pending customary conditions. The net proceeds will support general corporate purposes, including working capital, sales, marketing, and product development. The company may also consider acquisitions but currently has no specific plans. Needham & Company is the lead underwriter for this offering.

Ultra Clean Holdings, Inc. (Nasdaq: UCTT) will announce its Q1 2021 financial results on April 28, 2021, after market close. A conference call will follow at 1:45 p.m. PT, accessible by dialing 1-844-826-3034. The webcast can be found on the Investor Relations section of the Company's website. UCTT specializes in critical components and services for the semiconductor industry, offering solutions for major subassemblies and cleaning services. Notably, the press release includes forward-looking statements regarding market expectations, highlighting potential risks involved.

Ultra Clean Holdings, Inc. (Nasdaq: UCTT) has launched an underwritten public offering of $175.0 million in common stock, with a potential 30-day underwriter option for additional shares. The company plans to use the proceeds for general corporate purposes, including working capital and potential acquisitions. The offering is subject to market conditions, and there are no guarantees regarding its completion or terms. This initiative follows their effective registration statement filed with the SEC on April 5, 2021.

Ultra Clean Holdings, Inc. (UCTT) has successfully acquired Ham-Let (Israel-Canada) Ltd. for approximately $351 million, comprising $284 million in equity value and $67 million in net debt. CEO Jim Scholhamer emphasized the strategic timing of the acquisition, leveraging rising semiconductor demand and device complexity. The deal is expected to enhance UCT's product offerings in process instrumentation and flow control, fostering deeper customer partnerships. UCT anticipates the acquisition will be accretive to shareholders within the first year after closing.