other material
confidence high
sentiment negative
materiality 0.70
Ultra Clean Holdings revises Q4 2022 revenue guidance down to $560M-$570M from $600M-$650M
Ultra Clean Holdings, Inc.
- New Q4 2022 revenue guidance of $560M-$570M, down from prior $600M-$650M range.
- Customer order modifications due to weakening industry environment cited as primary driver.
- Resurgence of COVID at UCT's China facility caused manufacturing output declines.
- Company launching cost improvement initiatives to reduce operating expenses.
- Full details to be provided on Q4 and FY 2022 earnings call.