Ultra Clean Q1 revenue $433.3M, net loss $3.4M; Q2 guidance $410-460M

Ultra Clean Holdings, Inc.

2023-Q3 EPS reported -$0.08 revenue$433,300,000

Q1 revenue of $433.3M, down 23.5% from $566.4M prior quarter; net loss $(3.4)M vs prior net income $27.8M.
GAAP diluted EPS of $(0.08) vs $0.61 in prior quarter; non-GAAP diluted EPS $0.17 vs $0.93.
Products revenue $368.6M, Services $64.7M; gross margin 16.8% GAAP (17.3% non-GAAP) vs 19.2% prior.
Q2 2023 revenue guidance $410-460M; GAAP EPS range $(0.08)-$0.10; non-GAAP EPS $0.15-$0.35.
CEO cites market uncertainty, limited visibility; cost initiatives taking time to improve bottom line.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Ultra Clean Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $433.3 million, net income net loss of $(3.4) million, EPS $(0.08) per diluted share.

Period: first quarter ended March 31, 2023
Revenue: $433.3 million
Net income: net loss of $(3.4) million
EPS: $(0.08) per diluted share
Result: reported results

Exact text from the filing

our customers on their long-term strategic projects to ensure greater success when the industry once again expands.” First Quarter 2023 GAAP Financial Results Total revenue was $433.3 million. Products contributed $368.6 million and Services added $64.7 million. Total gross margin was 16.8%, operating margin was 2.9%, and net loss was $(3.4) million or $(0.08) per

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Source: SEC EDGAR

accession 0000950170-23-014811

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