Ultra Clean reports Q3 net loss of $14.5M; revenue $435M misses earnings guidance

Ultra Clean Holdings, Inc.

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

Q3 revenue $435.0M (Products $380.9M, Services $54.1M); net loss $(14.5)M ($(0.32)/diluted share).
GAAP gross margin 15.0%, operating margin 1.3%, down from prior quarter's 16.2% and 3.0%.
Non-GAAP net income $2.0M ($0.04/diluted) vs $7.1M ($0.16/diluted) in Q2 2023.
Q4 2023 outlook: revenue $420M-$470M; GAAP EPS $(0.30)-$(0.10); non-GAAP EPS $0.02-$0.22.
CEO cites decline in higher-margin Services and higher tax rate for earnings below guided range.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.65

Ultra Clean Holdings, Inc. updated its the third quarter ended September 29, 2023 guidance (reaffirmed).

Period: the third quarter ended September 29, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Ultra Clean Holdings, Inc. (“UCT,” the “Company” or “We”) issued a press release announcing its financial results for its third fiscal quarter ended September 29, 2023.

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Source: SEC EDGAR

accession 0000950170-23-055184

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