Business
Ultra Clean Pre-Announces Select Preliminary Q3 2023 Financial Results
HAYWARD, Calif., Oct. 23, 2023 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today announced select preliminary third quarter financial results.
About this update from Ultra Clean Holdings, Inc.
[{"type":"text","content":"HAYWARD, Calif., Oct. 23, 2023 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today announced select preliminary third quarter financial results.\n\n \n \n \n \n \n \n\n \nOn July 27, 2023, the Company announced it expected third quarter revenue in the range of $405.0 million to $455.0 million. The Company also announced it expected GAAP diluted net income (loss) per share to be between $(0.19) and $0.04 and non-GAAP diluted net income per share to be between $0.08 and $0.28.\nWhile the Company expects third quarter total revenue to be at or above the midpoint of the guided range, GAAP diluted net income (loss) per share is now expected to be approximately $(0.32) and non-GAAP diluted net income per share is now expected to be approximately $0.04. The shortfall can be primarily attributed to an abrupt decline in Services business volume, reduced efficiencies, and an unfavorable mix of product revenue and geographic profits impacting the income tax rate. \nUCT will release its third quarter 2023 financial as previously noted on Wednesday, October 25, 2023 after market close and will host a conference call and webcast the same day.\nThe call will take place at 1:45 p.m. PT and can be accessed by dialing 1-844-826-3034 or 1-412-317-5179. No passcode is required. A replay of the call will be available by dialing 1-877-344-7529 or 1-412-317-0088 and entering the confirmation code 3581106. \nThe Webcast will be available on the Investor Relations section of the Company's website at http://uct.com/investors/events/. \nAbout Ultra Clean Holdings, Inc. \nUltra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry. Under its Products division, UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.\nUse of Non-GAAP Measures\nIn addition to providing results that are determined in accordance with ...