UCTT
Ultra Clean Holdings, Inc.25.11
-0.53-2.07%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.14BP/E (TTM)
-Basic EPS (TTM)
-3.57Dividend Yield
0%Recent Filings
8-K
Q3 results and $150M buyback
Ultra Clean Holdings reported Q3 2025 revenue of $510 million, up slightly from $518.8 million last quarter, with GAAP gross margin hitting a yearly high of 16.1% versus 15.3%, though it posted a $10.9 million net loss from restructuring and other costs. Non-GAAP net income came in at $12.9 million or $0.28 per share, edging out the prior quarter's $12.1 million. The board greenlit a $150 million stock buyback over three years, signaling confidence amid AI-driven semiconductor volatility. Q4 revenue eyes $480-530 million, but near-term visibility stays low.
8-K
Ultra Clean Holdings, Inc. has entered into an Eighth Amendment to its Credit Agreement, effective September 15, 2025, refinancing its existing term loans with new replacement term loans totaling $484,492,187.50. The amendment reduces the interest rate margin by 50 basis points to SOFR plus 2.50% (from 3.00%), while keeping the maturity date at February 25, 2028. This refinancing optimizes the company's capital structure without increasing principal, supporting ongoing operations and strategic initiatives in the semiconductor industry.
Ultra Clean Holdings, Inc. announces the Eighth Amendment to its Credit Agreement, refinancing $484.5 million in term loans at a reduced rate of 2.50% for SOFR loans (from 3.00%), saving 50 basis points annually. The amendment, effective September 15, 2025, maintains the maturity date at February 25, 2028, and involves no new principal, with Barclays Bank PLC as the agent. This move optimizes the company's debt structure amid stable credit ratings.
8-K
CEO succession at Ultra Clean
Ultra Clean Holdings announced James Xiao as CEO effective September 2, 2025, succeeding Clarence Granger, who steps down but stays as non-executive chair; Xiao joins the board too. With nearly two decades at Applied Materials leading semiconductor units, Xiao targets growth and strategy. Chris Cook rises to Chief Business Officer immediately, overseeing all divisions after boosting the Products unit. These shifts signal fresh momentum in semiconductor markets, yet hinge on seamless transitions.
10-Q
Q2 FY2025 results
Ultra Clean Holdings posted Q2 FY2025 revenues of $518.8M, up 0.5% y/y but flat q/q, with products edging higher at $454.9M while services held steady at $63.9M; gross margin slipped to 15.3% from 17.1% y/y amid higher labor and material costs. A $151.1M goodwill impairment in Fluid Solutions and Services reporting units flipped operating income to a $141.8M loss, down from $22.9M profit y/y, driving diluted EPS to $(3.58) versus $0.42; net loss exceeded operating loss due to interest expense and foreign exchange hits. Cash climbed to $327.4M, with operating cash flow at $57.4M YTD fueling $29.2M capex for a $28.2M free cash flow (derived); total debt stood at $478.4M under a 7.6% term loan maturing 2028, revolver availability $146.4M. Singapore led geographies at 34.5% of sales. Customer concentration remains a key risk.
8-K
Q2 revenue flat, big impairment hit
Ultra Clean Holdings reported Q2 2025 revenue of $518.8 million, flat from the prior quarter, but posted a $162.0 million net loss due to a $151.1 million goodwill impairment charge. Non-GAAP net income held at $12.1 million with 5.5% operating margin, while restructuring cuts target cost savings later this year. Revenue outlook dips to $480-530 million for Q3. Impairments signal tough market pressures.
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