Latest news with #UCTT
Malaysian Reserve
24-05-2025
- Business
- Malaysian Reserve
Lost Money on Ultra Clean Holdings, Inc.(UCTT)? Join Class Action Suit Seeking Recovery
NEW YORK, May 23, 2025 /PRNewswire/ — Levi & Korsinsky, LLP notifies investors in Ultra Clean Holdings, Inc. ('Ultra Clean' or the 'Company') (NASDAQ: UCTT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ultra Clean investors who were adversely affected by alleged securities fraud between May 6, 2024 and February 24, 2025. Follow the link below to get more information and be contacted by a member of our team: UCTT investors may also contact Joseph E. Levi, Esq. via email at jlevi@ or by telephone at (212) 363-7500. CASE DETAILS: According to the complaint, defendants provided investors with material information concerning the elevated demand from Chinese original equipment manufacturers (OEMs) and in the general Chinese domestic market for Ultra Clean's products throughout the fiscal year 2024. Defendants' statements included, among other things, reports of increased demand for the Company's products and services in the domestic Chinese market and reports of increased revenue, including revenue doubling with no signs of slowing down, due to the elevated demand in China for Ultra Clean's products and services. Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of the demand for Ultra Clean's products and services in the domestic Chinese market; notably, that the Company was facing a customer ramp issue with one of its critical customers, as well as a combination of inventory and demand corrections, which, ultimately, caused weakness for Ultra Clean in China. On February 24, 2025, Ultra Clean published fourth quarter and full year 2024 fiscal results and hosted an associated earnings call, where the Company's executives revealed that Ultra Clean was facing 'demand softness' in China. In particular, Ultra Clean was facing decreased demand in China due to extended qualification timelines and inventory absorption. Investors and analysts reacted immediately to these revelations. The price of Ultra Clean's common stock declined dramatically. From a closing market price of $36.06 per share on February 24, 2025, Ultra Clean's stock price fell to $25.90 per share on February 25, 2025, a decline of over 28% in the span a single day. WHAT'S NEXT? If you suffered a loss in Ultra Clean during the relevant time frame, you have until May 23, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. CONTACT:Levi & Korsinsky, LLP Joseph E. Levi, Korsinsky, Esq.33 Whitehall Street, 17th FloorNew York, NY 10004jlevi@ (212) 363-7500Fax: (212)
Business Wire
22-05-2025
- Business
- Business Wire
Deadline Soon: Ultra Clean Holdings, Inc. (UCTT) Investors Who Lost Money Urged to Contact the Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz reminds investors of the upcoming May 23, 2025 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Ultra Clean Holdings, Inc. ('Ultra Clean' or the 'Company') (NASDAQ: UCTT) securities between , inclusive (the 'Class Period'). IF YOU ARE AN INVESTOR WHO LOST MONEY ON ULTRA CLEAN HOLDINGS, INC. (UCTT), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT. What Happened? On February 24, 2025, Ultra Clean reported its financial results for the fourth quarter and full year ended December 27, 2024. In connection with its earnings, the Company revealed that it was facing 'demand softness' in its business 'relat[ed] to extended qualification time lines and some inventory digestion.' On this news, Ultra Clean's stock price fell $10.16, or 28.2%, to close at $25.90 per share on February 25, 2025, thereby injuring investors. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Ultra Clean's optimistic reports of significant growth and increased earnings potential fell short of reality as they failed to incorporate the impending weaker demand due to issues one of its major customers was facing, extended qualification timelines, and inventory absorption, particularly given the volatility of the semiconductor industry; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you purchased or otherwise acquired Ultra Clean securities between May 6, 2024 to February 24, 2025, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is May 23, 2025. Contact Us To Participate or Learn More: If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us: Frank R. Cruz The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Email us at: info@ Call us at: 310-914-5007 Visit our website at Follow us for updates on Twitter: If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Yahoo
29-04-2025
- Business
- Yahoo
Ultra Clean Holdings Inc (UCTT) Q1 2025 Earnings Call Highlights: Navigating Challenges with ...
Total Revenue: $518.6 million, down from $553.3 million in the prior quarter. Product Revenue: $457 million, decreased from $503.5 million last quarter. Services Revenue: Increased to $61.6 million from $59.8 million in Q4. Total Gross Margin: 16.7%, slightly down from 16.8% last quarter. Products Gross Margin: 14.9%, compared to 15.2% in Q4. Services Gross Margin: Remained flat at 29.8%. Operating Expenses: $59.4 million, up from $55.3 million in Q4. Operating Margin: 5.2%, down from 7.7% last quarter. Net Income: $12.7 million, compared to $22.9 million in the prior quarter. Earnings Per Share (EPS): $0.28, down from $0.51 last quarter. Cash and Cash Equivalents: $317.6 million, up from $313.9 million at the end of last quarter. Cash Flow from Operations: $28.2 million, increased from $17.1 million last quarter. Share Repurchase: 182,000 shares repurchased at a cost of $3.4 million. Q2 2025 Revenue Guidance: Projected between $475 million and $525 million. Q2 2025 EPS Guidance: Expected to be in the range of $0.17 to $0.37. Warning! GuruFocus has detected 5 Warning Signs with UCTT. Release Date: April 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ultra Clean Holdings Inc (NASDAQ:UCTT) has implemented a localized supply chain strategy to mitigate future disruptions, enhancing resilience and market responsiveness. The company has strategically invested in capacity and operational efficiencies at global sites to maximize profitability as demand increases. UCTT has tripled its portfolio in lithography and continues to gain incremental share at its third largest customer. The accelerated ramp of the Arizona Fab, owned by the world's largest chipmaker, is scaling up twice as fast as planned, benefiting UCTT's services business. Despite geopolitical uncertainties, UCTT remains focused on technology leadership, manufacturing excellence, and customer trust, positioning itself for long-term growth. UCTT missed the midpoint of its revenue guidance range by about $12 million due to demand pushouts and shipment delays. The company anticipates a modest decline in demand for the June quarter and expects to bounce around these revenue levels for the remainder of the year. Operating expenses increased to $59.4 million in Q1, up from $55.3 million in Q4, due to lower volumes and increased expenses. Total operating margins decreased to 5.2% from 7.7% in the previous quarter, primarily driven by lower volumes. The ongoing global reciprocal tariff war and geopolitical uncertainties continue to pose risks to UCTT's business operations and profitability. Q: Can you elaborate on the softening demand you mentioned for Q1, and what is the outlook for China revenue? A: The softening demand was primarily due to technical issues with two customers, one in Asia and one in Europe, which led to a $12 million shortfall. We anticipate a slight revenue increase in Q2 and further growth in the second half of the year. Our China-for-China strategy is working well, and we expect our China situation to solidify. Q: Given the current market uncertainties, do you expect the demand weakness to have a longer-term impact? A: We anticipate bouncing around the $500 million per quarter range due to market uncertainties. While there might be a minor downturn, we don't foresee a dramatic decline. We are cautious about the outlook and are preparing for potential extended softness in demand. Q: How are you addressing potential impacts from tariffs, and what is the expected effect on profitability? A: We have a dedicated team assessing the potential impact of tariffs. Our China-for-China strategy minimizes exposure, as products manufactured in China are for the local market. We expect any tariff-related costs to be manageable and not materially affect our financial results. We are working closely with customers to mitigate impacts. Q: Can you provide more details on your cost reduction plans and how they align with the $2 billion run rate? A: We are reviewing headcount, organizational structure, and footprint to optimize costs. While we have started some headcount reductions, we are not at a point where it is announceable. We are also focusing on discretionary spending and expect to see benefits from these initiatives in the coming quarters. Q: What is the status of the CEO search? A: We have hired a search firm, and the process is expected to take about six months. We are currently two months into the search, and the timeline remains on track. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Malaysian Reserve
27-04-2025
- Business
- Malaysian Reserve
Faruqi & Faruqi Reminds Ultra Clean Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 23, 2025
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Ultra Clean To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Ultra Clean between May 6, 2024 and February 24, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, April 27, 2025 /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Ultra Clean Holdings, Inc. ('Ultra Clean' or the 'Company') (NASDAQ: UCTT) and reminds investors of the May 23, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose material information concerning the elevated demand from Chinese original equipment manufacturers (OEMs) and in the general Chinese domestic market for Ultra Clean's products throughout the fiscal year 2024. Defendants' statements concealed material adverse facts concerning the true state of the demand for Ultra Clean's products and services in the domestic Chinese market; notably, that the Company was facing a customer ramp issue with one of its critical customers, as well as a combination of inventory and demand corrections, which, ultimately, caused weakness for Ultra Clean in China. On February 24, 2025, Ultra Clean published fourth quarter and full year 2024 fiscal results and hosted an associated earnings call, where the Company's executives revealed that Ultra Clean was facing 'demand softness' in China. In particular, Ultra Clean was facing decreased demand in China due to extended qualification timelines and inventory absorption. Investors and analysts reacted immediately to these revelations. The price of Ultra Clean's common stock declined dramatically. From a closing market price of $36.06 per share on February 24, 2025, Ultra Clean's stock price fell to $25.90 per share on February 25, 2025, a decline of over 28% in the span a single day. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Ultra Clean's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Ultra Clean class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
Yahoo
08-04-2025
- Business
- Yahoo
Ultra Clean Earns Intel's 2025 EPIC Supplier Award
HAYWARD, Calif., April 8, 2025 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq, UCTT) is proud to announce that it has earned the exclusive Intel EPIC Supplier Award for 2025. This award recognizes the top performers in the Intel supply chain for their world-class commitment to continuous improvement and performance excellence over the past year. "Congratulations to UCT on receiving the Intel EPIC Supplier Award, Intel's highest supplier recognition," said Frank Sanders, corporate vice president and general manager of Global Supply Chain Operations at Intel. "Their unwavering commitment to quality, drive for excellence, and dedication to technology innovation make them vital to our success. We greatly appreciate their collaboration and continued focus on results." "As one of a select few companies awarded the Intel EPIC Supplier Award in 2025, UCT is truly one of the best suppliers in the semiconductor industry," said Dave Bloss, corporate vice president and general manager of Global Sourcing for Equipment & Materials at Intel. "Their customer orientation and commitment to superior performance is a testament to their dedication and serves as a global benchmark for others to follow." The Intel EPIC Supplier Award recognizes the top performers in the Intel supply chain for their dedication to "EPIC" performance—Excellence, Partnership, Inclusion and Continuous Improvement. Of the thousands of Intel suppliers around the world, only a few hundred qualify to participate in the EPIC Supplier Program. To qualify for the Intel EPIC Supplier Award, suppliers must exceed the highest expectations and achieve aggressive strategic objectives aligned to Intel's priorities. Get more information about the Intel EPIC Supplier AwardsFind the latest at the Intel NewsroomVisit the Intel EPIC Supplier Awards page About Ultra Clean Holdings, 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 Contact:Rhonda BennettoSVP Investor Relationsrbennetto@ View original content to download multimedia: SOURCE Ultra Clean Holdings, Inc. Sign in to access your portfolio
