Ultra Clean Q4 rev $444.8M, net loss $0.08/shr; FY23 rev down 27% to $1.73B

Ultra Clean Holdings, Inc.

2023-FY EPS reported -$0.70 revenue$1,734,500,000

Q4 2023 revenue $444.8M, GAAP net loss $(3.8)M ($0.08 loss/shr); non-GAAP net income $8.5M ($0.19 EPS).
FY 2023 revenue $1,734.5M, down 27% from $2,374.3M; GAAP net loss $(31.1)M vs prior year net income $40.4M.
Generated $136M cash from ops; deployed $29M on share repurchases, $39M to reduce debt; closed HIS Innovations buy.
Q1 2024 guidance: rev $430M-$480M; GAAP diluted loss/shr $(0.25)-$(0.05); non-GAAP EPS $0.03-$0.23.

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 0.95

Ultra Clean Holdings, Inc. reported fourth quarter ended December 29, 2023 results: revenue $444.8 million, net income $(3.8) million, EPS $(0.08) per diluted share.

Period: fourth quarter ended December 29, 2023
Revenue: $444.8 million
Net income: $(3.8) million
EPS: $(0.08) per diluted share
Result: reported results

Exact text from the filing

in debt, spend $29 million re-purchasing shares, and complete the strategic acquisition of HIS Innovations Group.” Fourth Quarter 2023 GAAP Financial Results Total revenue was $444.8 million. Products contributed $389.7 million and Services added $55.1 million. Total gross margin was 16.0%, operating margin was 1.0%, and net loss was $(3.8) million or $(0.08) per

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ultra Clean Holdings, Inc. updated its first quarter of 2024 guidance (initiated).

Period: first quarter of 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company expects revenue in the range of $430.0 million to $480.0 million. The Company expects GAAP diluted net loss per share to be between $(0.25) and $(0.05) and non-GAAP diluted net income per share to be between $0.03 and $0.23.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ultra Clean Holdings, Inc. reported fiscal year ended December 29, 2023 results: revenue $1,734.5 million, net income $(31.1) million, EPS $(0.70) per diluted share.

Period: fiscal year ended December 29, 2023
Revenue: $1,734.5 million
Net income: $(31.1) million
EPS: $(0.70) per diluted share
Result: reported results

Exact text from the filing

of 15.5%, operating margin of 4.4%, and net income of $2.0 million or $0.04 per diluted share in the prior quarter. Full Year 2023 GAAP Financial Results Total revenue was $1,734.5 million. Products contributed $1,501.6 million and Services added $232.9 million. Total gross margin was 16.0%, operating margin was 2.0%, and net loss was $(31.1) million or $(0.70) per

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Source: SEC EDGAR

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