Ultra Clean Holdings (UCTT) Misses Q4 EPS by 1c, Beats on Revenues; Offers 1Q18 EPS Mid-Point Guidance Below Consensus, 1Q18 Revenue Outlook Above Estimates

Ultra Clean Holdings (NASDAQ: UCTT) reported Q4 EPS of $0.59, $0.01 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $248.9 million versus the consensus estimate of $245.88 million.

Non-GAAP Financial Results

Non-GAAP net income for the fourth quarter of 2017 was $20.3 million and non-GAAP net income per diluted share was $0.59. Non-GAAP net income and non-GAAP net income per diluted share exclude pre-tax charges of $1.7 million for intangible assets amortization in addition to the corresponding decrease in tax expense of approximately $2.3 million. This compares to non-GAAP net income of $21.3 million and non-GAAP net income per diluted share of $0.62 for the third quarter of 2017, and non-GAAP net income of $12.0 million and non-GAAP net income per diluted share of $0.36 for the fourth quarter of 2016.

GUIDANCE:

Ultra Clean Holdings sees Q1 2018 EPS of $0.56-$0.63, versus the consensus of $0.63. Ultra Clean Holdings sees Q1 2018 revenue of $275-290 million, versus the consensus of $261.1 million.

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

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