Ultra Clean Holdings (NASDAQ: UCTT) reported Q1 EPS of $0.69, $0.09 better than the analyst estimate of $0.60. Revenue for the quarter came in at $314.8 million versus the consensus estimate of $281.97 million.

Non-GAAP Financial Results

Non-GAAP net income for the first quarter of 2018 was $25.7 million, or $0.69 per diluted share based on 37.5 million weighted shares outstanding. Non-GAAP net income and non-GAAP net income per diluted share exclude pre-tax charges of $1.1 million for intangible assets amortization, $0.9 million of costs related to the closure of the Company\'s machining operations in China and $0.1 million related to the Company\'s expansion of its operations in Singapore, offset by the corresponding increase in tax expense from these items of approximately $1.1 million. This compares to fourth quarter non-GAAP net income of $20.3 million and non-GAAP net income per diluted share of $0.59 based on 34.5 million weighted shares outstanding, and non-GAAP net income of $15.9 million and non-GAAP net income per diluted share of $0.47 based on 33.9 million weighted shares outstanding for the first quarter of 2017.

GUIDANCE:

Ultra Clean Holdings sees Q2 2018 EPS of $0.50-$0.59, versus the consensus of $0.60. Ultra Clean Holdings sees Q2 2018 revenue of $280-300 million, versus the consensus of $282.02 million.

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