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Overview of Ultra Clean Holdings Inc (UCTT)
Ultra Clean Holdings Inc is a globally recognized developer and supplier of critical subsystems, components, and ultra-high purity cleaning and analytical services, primarily serving the semiconductor industry. With over two decades of expertise, the company has established a reputation for providing integrated outsourced solutions that encompass design, engineering, system assembly, and comprehensive global supply chain management. Utilizing advanced technologies and a deep understanding of high precision manufacturing, Ultra Clean offers services that reduce cycle times and enhance design-to-delivery performance for original equipment manufacturers.
Business Segments and Offerings
The company operates across two primary divisions:
- Products Division: This segment provides an integrated suite of services including design, engineering, prototyping, and high-precision manufacturing of major subassemblies. By focusing on improving design for manufacturability and robust testing solutions, Ultra Clean ensures that customers benefit from enhanced product quality and reduced time to market.
- Services Division: This division specializes in ultra-high purity cleaning, coating, and micro-contamination analytical services. It is dedicated to maintaining the cleanliness and operational integrity of tool chamber parts and components, which are critical for semiconductor processing and advanced packaging applications.
Operational Excellence and Industry Expertise
Ultra Clean Holdings Inc has carved out a vital niche within the semiconductor manufacturing ecosystem by addressing the complexities of high-value systems integration. The company provides its customers with a broad array of services, including:
- Product design and prototyping
- Engineering and system assembly
- Comprehensive testing and quality assurance
- Efficient management of global supply chains
These services enable Ultra Clean to support major subassemblies and offer efficient transition to full-scale production. By meeting stringent quality standards and maintaining operational excellence, the company helps its OEM clients achieve improved delivery performance and cost efficiency.
Competitive Position and Value Proposition
Positioned as a trusted partner in systems integration, Ultra Clean stands out due to its:
- Vertical Integration Capabilities: The seamless alignment of design, engineering, manufacturing, and post-production services under one umbrella offers significant value to clients.
- Strategic Manufacturing Network: A global footprint supported by robust supply chain management ensures responsiveness and adaptive scaling to meet the demands of diverse market segments.
- Expertise in Critical Subsystems: The company has honed its skills in tackling the challenges associated with the development and fabrication of components that are essential for sophisticated semiconductor fabrication processes.
Ultra Clean leverages its technical knowledge to engineer solutions tailored to the unique needs of high bandwidth memory, advanced packaging, and AI infrastructure, among other technological applications. These industry-specific insights underscore the company's commitment to quality and reliability, making it a key player in supporting the continual evolution of semiconductor technologies.
Integrated Outsourced Solutions
As a comprehensive outsourcing partner for OEMs, Ultra Clean emphasizes design-to-delivery cycle time reduction, cost optimization, and operational efficiency. Its product and service offerings are finely tuned to meet the stringent demands of semiconductor fabrication facilities worldwide, ensuring that clients receive not only products of the highest quality but also strategic insights into manufacturing optimization. The approach taken by Ultra Clean emphasizes:
- Improved prototyping and design for manufacturability
- Reliable assembly and testing procedures
- Optimized supply chain and logistics management
The company’s integrated solutions serve as a critical foundation that supports semiconductor innovation and the reliable functioning of advanced technological infrastructures.
Industry Terminology and Customer Focus
Throughout its operational history, Ultra Clean has maintained a focus on delivering measurable improvements in the production processes critical to the semiconductor industry. By leveraging terms like "high precision manufacturing", "ultra-high purity cleaning", and "critical subsystems integration" in its communications, the company demonstrates not only mastery of technical domains but also an unwavering commitment to supporting its customer base. The clarity and depth of its service offerings ensure that stakeholders, from design engineers to production managers, receive consistent value and operational insights that drive product quality and market competitiveness.
Commitment to Quality and Safety
The company achieves its high standards by adhering to rigorous quality control processes and continually refining its engineering practices. This commitment to excellence reinforces its reputation as an integral partner in the global semiconductor supply chain. Customers benefit from Ultra Clean's ability to simplify complex processes while providing high-quality, reliable systems integration and analytical services.
Summary
In summary, Ultra Clean Holdings Inc offers a comprehensive suite of services that encompass the entire lifecycle of critical subsystems in the semiconductor industry. Its dual division structure, encompassing both physical product development and essential support services, makes it a formidable and reliable partner for OEMs worldwide. Whether it is through improved design-to-delivery cycle times, high precision manufacturing, or robust analytical services, the company remains dedicated to offering solutions that drive operational efficiency, product quality, and technological innovation.
Ultra Clean Holdings (UCTT) has been awarded the prestigious Intel EPIC Supplier Award for 2025, the highest supplier recognition from Intel. This exclusive honor acknowledges UCT as one of the top performers in Intel's global supply chain, highlighting their excellence in continuous improvement and performance excellence.
The award recognizes suppliers' dedication to EPIC performance - Excellence, Partnership, Inclusion, and Continuous Improvement. Among thousands of Intel suppliers worldwide, only a select few hundred qualify for the EPIC Supplier Program, with even fewer receiving this distinguished award.
To achieve this recognition, UCTT demonstrated exceptional performance in meeting Intel's strategic objectives and exceeded the highest expectations. The company's commitment to quality, technology innovation, and superior performance has been specifically praised by Intel's leadership, positioning UCTT among the best suppliers in the semiconductor industry.
Ultra Clean Holdings (UCTT) has scheduled its first quarter 2025 financial results announcement for Monday, April 28, 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 at 1-888-660-6345 or 1-646-517-4150 using confirmation code 84790#. The webcast will be accessible through the company's Investor Relations website section.
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/.
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