Welcome to our dedicated page for Ultra Clean Hldgs news (Ticker: UCTT), a resource for investors and traders seeking the latest updates and insights on Ultra Clean Hldgs stock.
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 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.
FAQ
What is the current stock price of Ultra Clean Hldgs (UCTT)?
What is the market cap of Ultra Clean Hldgs (UCTT)?
What does Ultra Clean Holdings, Inc. specialize in?
What are UCT’s main business segments?
Who are UCT’s primary customers?
How did UCT perform financially in Q3 2023?
What recent acquisition has UCT made?
What is the company’s outlook for Q4 2023?
Where is Ultra Clean Holdings, Inc. headquartered?
What markets does UCT serve?
What are UCT’s key products?
How can investors access UCT’s financial presentations?
