Latest news with #UltraCleanHoldings
Yahoo
4 days ago
- Business
- Yahoo
Ultra Clean Names Chris Cook as Chief Business Officer
HAYWARD, Calif., Aug. 6, 2025 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), announced today that its Board of Directors has appointed Chris Cook as Chief Business Officer of UCT effective immediately. "As President of UCT's Products Division, Chris has successfully grown our product portfolio, expanded our vertical content, deepened our customer relationships and enhanced our manufacturing leadership position across key markets," said Clarence Granger, Chairman of UCT. "In his new role as Chief Business Officer, Chris will also spearhead UCT's commercial strategy, forging deeper strategic partnerships with customers, identifying new market opportunities, and accelerating growth through an optimized portfolio of innovative products and services, accelerating our advancement in the global semiconductor market. In his new role, Chris will continue to report to the CEO." Mr. Cook joined UCT as President, Products Division in April 2022. Chris's track record includes 28 years of successful leadership and general management with semiconductor and electronic systems companies, including Renesas Technologies, Infineon Technologies, Flex, and Cypress Semiconductor. Mr. Cook specializes in driving profitable growth by developing valuable technologies and products, optimizing global operations, and solving tough problems in ways that build lasting trust with customers. In addition, he has led numerous strategic initiatives to scale and improve customer experience, employee engagement, and financial performance via the digital transformation of processes and services. Mr. Cook holds a B.S. in Electrical Engineering and Technology from Purdue University and completed the Program for Leadership Development at Harvard Business School. About Ultra Clean Holdings, Inc. Ultra 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.
Yahoo
6 days ago
- Business
- Yahoo
Needham Lifts PT on Ultra Clean Holdings (UCTT) Stock
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) is one of the Most Undervalued Semiconductor Stocks to Buy According to Analysts. On July 29, Needham analyst Charles Shi lifted the price target on the company's stock to $30 from $26, while keeping a 'Buy' rating, as reported by The Fly. As per the analyst, Ultra Clean Holdings, Inc. (NASDAQ:UCTT) posted strong Q2 2025 results, with revenue beating the Street's estimate, mainly because of upside from its China business. A technician inspecting a series of critical ultra-high purity components. Furthermore, the analyst noted that Q3 2025 revenue was guided slightly above the Street. Ultra Clean Holdings, Inc. (NASDAQ:UCTT)'s management sees cost reduction benefits to reflect gradually and more pronounced in Q4 2025, highlighted Needham. Ultra Clean Holdings, Inc. (NASDAQ:UCTT) saw total revenues of $518.8 million, with Products contributing $454.9 million and Services adding $63.9 million. For Q3 2025, it expects revenue of between $480 million – $530 million. Ultra Clean Holdings, Inc. (NASDAQ:UCTT) remains confident in its ability to surpass the broader semiconductor industry growth, thanks to its capability to navigate evolving conditions, expand its addressable market, gain share, and deliver innovative products and services which advance the multi-year growth strategy. Frontier Capital Management, an investment management company, released its Q1 2025 investor letter. Here is what the fund said: 'Another underperformer was Ultra Clean Holdings, Inc. (NASDAQ:UCTT), a manufacturer of critical subsystems and services for semiconductor capital equipment manufacturers and semi fabs. While Ultra Clean's December quarter results exceeded consensus expectations, its outlook for the March quarter disappointed due to product qualification delays at a top Chinese customer and weakening semiconductor equipment demand in China. Management expects the qualification delays to be resolved soon and still anticipates overall company sales to outpace semiconductor wafer fabrication equipment (WFE) industry spending in 2025. Longer term, Ultra Clean is well positioned to gain market share through new design wins at top-tier semi cap equipment manufacturers.' While we acknowledge the potential of UCTT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-07-2025
- Business
- Yahoo
Ultra Clean Holdings Inc (UCTT) Q2 2025 Earnings Call Highlights: Navigating Market Challenges ...
Total Revenue: $518.8 million, compared to $518.6 million in the prior quarter. Product Revenue: $454.9 million, compared to $457 million last quarter. Services Revenue: $63.9 million, up from $61.6 million in Q1. Total Gross Margin: 16.3%, compared to 16.7% last quarter. Product Cost Margin: 14.4%, compared to 14.9% in Q1. Services Margin: 29.9%, compared to 29.8% last quarter. Operating Expense: $56.1 million, down from $59.4 million in Q1. Operating Margin: 5.5%, compared to 5.2% last quarter. Net Income: $12.1 million, compared to $12.7 million in the prior quarter. Earnings Per Share (EPS): $0.27, compared to $0.28 in the prior quarter. Cash and Cash Equivalents: $327.4 million, compared to $317.6 million at the end of last quarter. Cash Flow from Operations: $29.2 million, compared to $28.2 million last quarter. Share Repurchase: 182,000 shares at a cost of $3.4 million. Projected Q3 Revenue: Between $480 million and $530 million. Projected Q3 EPS: Between $0.14 and $0.34. Warning! GuruFocus has detected 6 Warning Signs with UCTT. Release Date: July 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Ultra Clean Holdings Inc (NASDAQ:UCTT) reported a slight increase in Q2 revenue, reaching $518.8 million, slightly above the previous quarter. The company has secured new business in its Czech Republic facility, expected to contribute to revenue growth in Q4. UCTT is focusing on new product introductions and component qualifications, which are anticipated to enhance margins starting in early 2026. The company is implementing cost reduction initiatives, including workforce reductions and organizational restructuring, which are expected to yield significant savings by Q4. UCTT is well-positioned to capitalize on the growing AI investment trend, supported by strong customer partnerships and a vertically integrated solutions portfolio. Negative Points The company is operating at a $2 billion run rate, below the anticipated $4 billion due to current market conditions. Tariff-related costs remain a concern, with customers slow to reimburse UCTT for incurred charges, impacting financials. The semiconductor market's uncertainty and limited visibility are affecting UCTT's revenue projections, with Q3 expected to range between $480 million and $530 million. Gross margins have slightly decreased, influenced by fluctuations in volume, mix, manufacturing region, and tariffs. A goodwill impairment charge was recorded due to a decrease in stock price, reflecting market uncertainty and impacting financial results. Q & A Highlights Q: What contributed to Ultra Clean Holdings' Q2 revenue exceeding the midpoint of guidance? A: Clarence Granger, Chairman and Interim CEO, explained that there was a slight upside from China, an increase in shipments from the Austin site, and a rise in services revenue. Q: Is the expectation for China revenue to improve in the second half of the year still valid? A: Clarence Granger confirmed that China revenue is expected to improve, with Q1 at $21 million and Q2 at $35 million. The company anticipates a consistent run rate of $40 million to $50 million per quarter from Chinese-based customers. Q: How does Ultra Clean Holdings view the potential impact of new AI rules on their China business? A: Cheryl Knepfler, VP of Marketing, stated that while there is always a risk, the company expects to continue selling to China as the areas they serve are broadly supported across the industry. Q: What is the outlook for Ultra Clean Holdings' revenue in Q4 2025? A: Clarence Granger indicated a cautiously optimistic outlook for Q4, with potential upward bias due to cost reductions, new business opportunities, and further integration of fluid solutions. Q: How does Ultra Clean Holdings view the potential for growth in 2026? A: Cheryl Knepfler mentioned that there are opportunities for incremental growth in 2026, with expectations for high single-digit to low double-digit growth, supported by new fabs coming online and share gains. 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
10-07-2025
- Business
- Malaysian Reserve
Ultra Clean Announces Q2 2025 Earnings Date and Conference Call
HAYWARD, Calif., July 9, 2025 /PRNewswire/ — Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today announced the Company will release its second quarter 2025 financial results on Monday, July 28, 2025, after market close and will host a conference call and webcast the same day. The call will take place at 1:45 p.m. PT and can be accessed by dialing 1-800-836-8184 or 1-646-357-8785. No passcode is required. A replay of the call will be available by dialing 1-888-660-6345 or 1-646-517-4150 and entering the confirmation code 48157#. The Webcast will be available on the Investor Relations section of the Company's website at About Ultra Clean Holdings, Inc. Ultra 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@
Yahoo
09-07-2025
- Business
- Yahoo
Ultra Clean Announces Q2 2025 Earnings Date and Conference Call
HAYWARD, Calif., July 9, 2025 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today announced the Company will release its second quarter 2025 financial results on Monday, July 28, 2025, after market close and will host a conference call and webcast the same day. The call will take place at 1:45 p.m. PT and can be accessed by dialing 1-800-836-8184 or 1-646-357-8785. No passcode is required. A replay of the call will be available by dialing 1-888-660-6345 or 1-646-517-4150 and entering the confirmation code 48157#. The Webcast will be available on the Investor Relations section of the Company's website at About Ultra Clean Holdings, Inc. Ultra 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
