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Mar 27, 2020
Ultra Clean Q1 2020 Earnings Report
Ultra Clean reported record revenue, improved profitability, and solid earnings.
Key Takeaways
Ultra Clean Holdings reported strong first quarter performance with record revenue of $320.9 million. GAAP net income was $9.4 million, or $0.23 per diluted share. The company expects revenue between $290.0 million and $330.0 million for the second quarter.
UCT's strong performance in Q1 resulted in record revenue and improved profitability.
Early recognition of the pandemic allowed UCT to minimize disruptions to facilities and supply chain.
All of UCT’s facilities remain operational.
UCT will continue to leverage its global footprint to fulfill ongoing customer demand.
Forward Guidance
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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