Ultra Clean Holdings (UCTT) Tops Q4 EPS by 7c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus

Ultra Clean Holdings (NASDAQ: UCTT) reported Q4 EPS of $0.33, $0.07 better than the analyst estimate of $0.26. Revenue for the quarter came in at $286.4 million versus the consensus estimate of $272.3 million.

"UCT's solid performance resulted in a very strong fourth quarter with revenue growing more than 12 percent and earnings per share increasing more than 57 percent sequentially on increased demand," said Jim Scholhamer, CEO. "We are excited about the opportunities that lie ahead as the industry ramps to keep pace with technology transitions, and will continue to manage our business with a focus on sustainable and profitable growth."

"UCT generated $32.0 million of cash from operations in the quarter, bringing the total for the year to a record $121.0 million," added Sheri Savage, CFO. "We paid down our long-term debt by $50.0 million during the year, significantly reducing our leverage, and ended the quarter with a cash balance of $162.5 million."

GUIDANCE:

Ultra Clean Holdings sees Q1 2020 EPS of $0.40-$0.52, versus the consensus of $0.31. Ultra Clean Holdings sees Q1 2020 revenue of $290-320 million, versus the consensus of $288.21 million.

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

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