Ultra Clean Holdings (UCTT) Tops Q3 EPS by 8c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus

Ultra Clean Holdings (NASDAQ: UCTT) reported Q3 EPS of $0.73, $0.08 better than the analyst estimate of $0.65. Revenue for the quarter came in at $363.3 million versus the consensus estimate of $339.89 million.

"Delivering another quarter of solid revenue and earnings is strong evidence of UCTT's execution capabilities as we drive towards our longer-term strategic and financial goals," said Jim Scholhamer, CEO. "Our diversified suite of quality products and services is capturing additional business from existing customers and gaining traction with new customers. Industry momentum remains steady as our end markets expand to power a new generation of semiconductor devices, giving us confidence in our ability to sustainably outperform over the long-term."

GUIDANCE:

Ultra Clean Holdings sees Q4 2020 EPS of $0.63-$0.77, versus the consensus of $0.57. Ultra Clean Holdings sees Q4 2020 revenue of $345-375 million, versus the consensus of $330.81 million.

• Due to limited visibility resulting from the pandemic, the Company has widened its guidance ranges to reflect the heightened uncertainty in the marketplace. The Company expects revenue in the range of $345.0 million to $375.0 million and GAAP diluted net income per share to be between $0.44 and $0.58. The Company expects non-GAAP diluted net income per share to be between $0.63 and $0.77.

For earnings history and earnings-related data on Ultra Clean Holdings (UCTT) click here.

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