Business

Ultra Clean up 10% after Q3 top results grew 15% y/y


Absolutely clean (UCTT) Q3 shows Revenue increased ~15% to $635 million, beat consensus $22.76 million.

Revenue split in half: Products contribute $556.3 Million and Services add $78.7 Million.

GAAP Basis: Gross gross margin of 19.6%, operating margin of 5.7%, and net income of $9.7 million.

Non-GAAP Facility: Total profit margin was 20.6%, operating margin was 11.7%, and net income was $48.6 million.

Q3 non-GAAP EPS of $1.06 in line.

Outlook for Q4: $600M-650M . Revenue Range against consensus of $613.22 million and GAAP EPS from $0.61 to $0.79. Non-GAAP EPS is between $0.94 and $1.14 against the consensus of $1.05.

Jim Scholhamer, CEO. “We are working closely with our customers on new export restrictions to China and are therefore maintaining a broad range of guidance. We are confident in the long-term outlook for the Industry. semiconductor industry and UCT’s ability to perform well across a wide range of market scenarios.We also recognize our commitment to deploying capital for the most profitable opportunities for our shareholders. Strong money has enabled us to initiate a share buyback program totaling $150 million over a 3-year period.”

Stocks have a SA’s Author Rating for Buy with comment saying: ‘Being more downstream from their famous selling-cap peers means UCTT is more exposed to the cyclical nature of the industry.‘; ‘Semiconductor industry equipment Best capital raising prospect‘; Seller rating of Strong Buy with a target price of $47.86; Rate the amount of Hold with the highest score awarded for Valuation.

Previously (October 26): Ultra Clean Holdings Non-GAAP Inline EPS of $1.06, revenue $635.01 million, up $22.76 million

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button