Ultra Clean pre-announces Q3 GAAP EPS ~$(0.32), well below prior guidance; revenue at/above midpoint

Ultra Clean Holdings, Inc.

2023-Q3 EPS reported -$0.61 revenue$1,289,800,000

Revenue expected at or above $430M midpoint of $405-$455M guidance range.
GAAP diluted EPS ~$(0.32) vs prior guidance $(0.19)-$0.04; non-GAAP EPS ~$0.04 vs $0.08-$0.28.
Shortfall due to abrupt Services business volume decline, reduced efficiencies, unfavorable product/geographic mix.
Full Q3 results to be released Oct 25, 2023 after market close; conference call at 1:45 p.m. PT.

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