Ultra Clean Holdings (NASDAQ: UCTT) reported Q4 EPS of $0.81, $0.10 better than the analyst estimate of $0.71. Revenue for the quarter came in at $369.6 million versus the consensus estimate of $365.08 million.

Fourth Quarter 2020 GAAP Financial Results

Total revenue was $369.6 million. SPS contributed $299.5 million and SSB added $70.1 million. Total gross margin was 21.0%, operating margin was 9.0%, and net income was $22.6 million or $0.56 and $0.55 per basic and diluted share. This compares to total revenue of $363.3 million, gross margin of 20.5%, operating margin of 9.6%, and net income of $24.4 million or $0.60 and $0.59 per basic and diluted share in the prior quarter.

Fourth Quarter 2020 Non-GAAP Financial Results

On a non-GAAP basis, gross margin was 21.5%, operating margin was 11.9%, and net income was $33.5 million or $0.81 per diluted share. This compares to gross margin of 21.0%, operating margin of 11.6%, and net income of $29.9 million or $0.73 per diluted share in the prior quarter.

"UCT delivered another solid quarter to conclude an extraordinary year where we reached many new milestones, including record revenue and earnings per share, marking the fifth straight year we significantly outperformed the overall wafer fab equipment industry," said Jim Scholhamer, CEO. "Industry demand remains robust and we continue to position ourselves for new opportunities. We are excited about our acquisition of Hamlet and expect to close the transaction by early Q2 of 2021".

GUIDANCE:

Ultra Clean Holdings sees Q1 2021 EPS of $0.80-$0.93, versus the consensus of $0.72. Ultra Clean Holdings sees Q1 2021 revenue of $375-405 million, versus the consensus of $380.17 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 $375.0 million to $405.0 million and GAAP diluted net income per share to be between $0.61 and $0.74. The Company expects non-GAAP diluted net income per share to be between $0.80 and $0.93.

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