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Sep 30, 2022
Ultra Clean Q3 2022 Earnings Report
Reported third quarter financial results, surpassing revenue expectations due to solid performance.
Key Takeaways
Ultra Clean Holdings reported strong third-quarter results with revenue exceeding expectations. The company is managing export restrictions to China and has initiated a $150 million share repurchase program.
Total revenue was $635.0 million, with $556.3 million from Products and $78.7 million from Services.
GAAP net income was $9.7 million, or $0.21 per basic and diluted share, compared to a net loss of $25.1 million, or $0.56 per share in the prior quarter.
Non-GAAP net income was $48.6 million, or $1.06 per diluted share, compared to $47.4 million, or $1.04 per diluted share in the prior quarter.
The company expects fourth-quarter revenue to be in the range of $600 million to $650 million and GAAP diluted net income per share to be between $0.61 and $0.79.
Revenue by Segment
Forward Guidance
The Company expects revenue in the range of $600 million to $650 million and GAAP diluted net income per share to be between $0.61 and $0.79. The Company expects non-GAAP diluted net income per share to be between $0.94 and $1.14.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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