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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, 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.
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.
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.
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.
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.
Ultra Clean Holdings, Inc. (Nasdaq: UCTT) reported first-quarter 2022 financial results, revealing total revenue of $564.1 million, a decrease from $615.1 million in the prior quarter. Products accounted for $486.8 million and services $77.3 million. The gross margin fell to 20.2% from 21.0%, while the operating margin declined to 8.1% from 10.2%. Net income was $27.9 million, down from $45.5 million. Looking ahead, the company forecasts revenue between $550.0 million and $630.0 million in Q2 2022.
Ultra Clean Holdings, Inc. (Nasdaq: UCTT) will release its first quarter 2022 financial results on April 27, 2022, after market close. The company downgraded its revenue forecast for Q1 from $580-$630 million to $560-$570 million, primarily due to disruptions caused by China's COVID lockdown and the grounding of Boeing 737-800 aircraft impacting material logistics. UCT is actively working with customers and suppliers to address these challenges.
Ultra Clean Holdings (UCTT) reported strong fourth-quarter and full-year 2021 results, with total revenue surpassing $2 billion, reaching $2.1 billion for the year. In Q4, revenue was $615.1 million, up from $553.7 million in Q3, with net income rising to $45.5 million or $1.01 per share. The company achieved a 50% increase in earnings per share year-over-year. UCT expects revenue between $580 million and $630 million for Q1 2022, and GAAP net income per share between $0.80 and $1.00. The outlook suggests ongoing growth amid strong operational performance.
Ultra Clean Holdings, Inc. (Nasdaq: UCTT) will release its fourth quarter 2021 financial results on February 23, 2022, after market close. A conference call will follow the release at 1:45 p.m. PT, accessible via phone or webcast. Investors can dial 1-844-826-3034 for the call; a replay will be available post-event. Ultra Clean specializes in subsystems and parts for the semiconductor industry, enhancing design-to-delivery cycles and offering cleaning and analytical services.
Ultra Clean Holdings will present at the Annual Needham Virtual Growth Conference on January 13, 2022. The presentation aims to highlight the company's developments in providing critical subsystems and services for the semiconductor industry. A live audio webcast will be available on the company's website, with a replay accessible on the same day. Ultra Clean specializes in high-purity cleaning and analytical services, improving design-to-delivery times and enabling high-precision manufacturing.
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