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Dec 25, 2020
Ultra Clean Q4 2020 Earnings Report
UCT delivered a solid quarter, achieving record revenue and earnings per share, outperforming the wafer fab equipment industry.
Key Takeaways
Ultra Clean Holdings reported strong Q4 2020 results with revenue of $369.6 million and net income of $22.6 million. The company achieved record revenue and EPS for the year, outperforming the wafer fab equipment industry for the fifth consecutive year. They also anticipate closing the Hamlet acquisition in early Q2 2021.
Total revenue reached $369.6 million, with SPS contributing $299.5 million and SSB adding $70.1 million.
GAAP net income was $22.6 million, resulting in earnings of $0.56 per basic share and $0.55 per diluted share.
Non-GAAP net income was $33.5 million, or $0.81 per diluted share.
The company expects revenue between $375.0 million and $405.0 million for Q1 2021.
Forward Guidance
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.
Positive Outlook
- Revenue is expected to be between $375.0 million and $405.0 million.
- GAAP diluted net income per share to be between $0.61 and $0.74.
- Non-GAAP diluted net income per share to be between $0.80 and $0.93.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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