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Ultra Clean Holdings, Inc. (Nasdaq: UCTT) is a globally recognized leader in the design, engineering, and manufacturing of critical subsystems and turnkey solutions across various industries. With over two decades of experience, UCT is a trusted partner for high-value, complex systems integration. The company provides Original Equipment Manufacturers (OEMs) with a broad array of services including design, engineering, system assembly, testing, and global supply chain management.
Primarily serving the semiconductor capital equipment industry, UCT manufactures and supplies production tools, modules, and subsystems. Their product portfolio includes precision robotic solutions, gas delivery systems, and a variety of industrial and automation production equipment products. Subsystems such as wafer cleaning subsystems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules cater to the needs of semiconductor firms as well as industries in medical, energy, industrial, flat panel, and research equipment sectors.
The company operates through two main segments: Products and Services. The Products division offers integrated outsourced solutions for major subassemblies, improved design-to-delivery cycle times, and high-precision manufacturing. The Services division provides tool chamber parts cleaning, coating, and micro-contamination analytical services. UCT’s principal markets include North America, Asia, and Europe, providing a robust global presence.
UCT has made significant strides recently, including the acquisition of HIS Innovations Group, enhancing its capabilities and expanding its market reach. Despite challenges such as reduced efficiencies and variable demand, UCT remains committed to navigating through these uncertainties. The company's diversified portfolio and strategic acquisitions position it for sustained growth and market expansion.
Financially, UCT reported a total revenue of $435.0 million for Q3 2023, with products contributing $380.9 million and services adding $54.1 million. The company's GAAP financial results reflected a net loss of $(14.5) million, but on a non-GAAP basis, UCT achieved a net income of $2.0 million. For Q4 2023, UCT anticipates revenue between $420 million and $470 million, with continued efforts to align operations with customer forecasts and market demands.
Ultra Clean Holdings, Inc. is headquartered in Hayward, California. For more information, visit their website.
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.
Ultra Clean Holdings will announce its Q2 2024 financial results on Thursday, July 25, 2024, after market close. A conference call and webcast to discuss the results will follow at 1:45 pm PT (4:45 pm ET). Investors can join the call by dialing 1-800-836-8184 or 1-646-357-8785, with no passcode required. A replay will be accessible via 1-888-660-6345 or 1-646-517-4150 using confirmation code 53952#. The webcast will be available through the Investor Relations section of Ultra Clean's website.
Ultra Clean Holdings (Nasdaq: UCTT) has announced its participation in two key investor events. On May 29, 2024, the company will attend the Craig-Hallum Institutional Investor Conference, followed by the TD Cowen Annual Technology, Media & Telecom Conference on May 30, 2024. These events offer Ultra Clean Holdings an opportunity to engage with investors and discuss the company's strategic direction and financial performance.
Ultra Clean Holdings (Nasdaq: UCTT) has appointed Harjinder Bajwa as Chief Operating Officer, effective June 10, 2024. Bajwa, who will be based in Singapore, brings 30 years of global operations experience, including roles at Reconext and Flex. During his tenure at Flex, he significantly increased revenue and operating profits. CEO Jim Scholhamer stated that Bajwa's expertise in scaling operations and managing supply chains will be important for the company's growth. Bajwa holds degrees in Mechanical Engineering and has completed executive programs at MIT and Stanford.
Ultra Clean Holdings, Inc. (Nasdaq: UCTT) reported strong financial results for the first quarter of 2024, with revenue of $477.7 million. The company highlighted strength in High Bandwidth Memory and advanced packaging supporting AI, leading to a gross margin of 17.3%.
Non-GAAP results showed a gross margin of 17.9% and net income of $12.1 million. The company anticipates revenue in the range of $465 million to $515 million for the second quarter of 2024.
The conference call to discuss these results will be held on May 6, 2024.
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