Ultra Clean Holdings (NASDAQ: UCTT) reported Q1 EPS of $0.23, $0.21 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $320.9 million versus the consensus estimate of $302.51 million.

Second Quarter 2020 Outlook

Due to limited visibility resulting from the coronavirus pandemic, the Company has widened its guidance ranges to reflect the heightened uncertainty in the marketplace. The Company expects revenue in the range of $290.0 million to $330.0 million and GAAP diluted net income per share to be between $0.24 and $0.40. The Company expects non-GAAP diluted net income per share to be between $0.40 and $0.56.

"UCT's strong performance in the first quarter resulted in record revenue, improved profitability and solid earnings," said Jim Scholhamer, CEO. "Early recognition of the pandemic, supported by an exceptional business continuity team and a dedicated workforce, allowed us to minimize disruptions to our facilities and supply chain for both equipment and service operations. All of UCT's facilities remain operational and we will continue to leverage our global footprint to fulfill ongoing customer demand."

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