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Ultra Clean Holdings (UCTT) Stock News, May 2022-Apr 2023

UCTT NASDAQ

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Ultra Clean Holdings, Inc. (Nasdaq: UCTT) reported its financial results for Q2 2022, showing total revenue of $608.7 million, up from $564.1 million in the previous quarter. Products contributed $532.0 million while Services added $76.7 million. The company faced a net loss of $25.1 million or $0.56 per share, significantly down from a net income of $27.9 million or $0.62 per share in Q1 2022, largely impacted by a $56.6 million pre-tax loss from divesting non-core subsidiaries. For Q3 2022, UCTT anticipates revenue between $585 million and $645 million.

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Ultra Clean Holdings, Inc. (Nasdaq: UCTT) will announce its second quarter 2022 financial results on July 28, 2022, after market close. A conference call will be held the same day at 1:45 p.m. PT, accessible by phone and online. The company specializes in providing critical subsystems and cleaning services for the semiconductor industry, aiming to enhance design-to-delivery processes. More information can be found on their website: www.uct.com.

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Ultra Clean Holdings, Inc. (Nasdaq: UCTT) announced its participation in three investor events in June 2022. The events include the Craig-Hallum Institutional Investor Conference on June 1, the Cowen Technology, Media & Telecom Conference on June 2, and the Stifel Cross Sector Insight Conference on June 8, where a presentation will be webcast at 9:10 am ET. The company specializes in critical subsystems and ultra-high purity services for the semiconductor industry. For more details, visit www.uct.com.

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FAQ

What is the current stock price of Ultra Clean Holdings (UCTT)?

Ultra Clean Holdings (UCTT) last closed at $55.88.

What is the market cap of Ultra Clean Holdings (UCTT)?

The market cap of Ultra Clean Holdings (UCTT) is approximately $2.5B.