ultra clean holdings inc (UCTT) Key Developments
Ultra Clean Holdings Inc. Announces Retirement of Bruce C. Wier as Senior Vice President of Engineering
Jun 24 15
Ultra Clean Holdings Inc. announced that Bruce C. Wier provided notice to the company of his intention to retire from his position as Senior Vice President of Engineering of the company. Mr. Wier will remain in his position until a successor is identified and transitioned to the role. Thereafter the company expects to enter into a consulting agreement with Mr. Wier pursuant to which he will provide transition services to the company through the end of the year.
Ultra Clean Holdings Inc. Approves Ratification of the Appointment of Moss Adams LLP to Serve as Independent Registered Public Accounting Firm for the Fiscal 2015
Jun 5 15
Ultra Clean Holdings Inc. announced at the Annual Meeting of Stockholders held on June 4, 2015 approved the ratification of the appointment of Moss Adams LLP to serve as the company's independent registered public accounting firm for the fiscal 2015.
Ultra Clean Holdings Inc., Annual General Meeting, Jun 04, 2015
Apr 27 15
Ultra Clean Holdings Inc., Annual General Meeting, Jun 04, 2015., at 12:30 Pacific Standard Time. Location: Davis Polk & Wardwell LLP. Agenda: To elect directors; to ratify the appointment of Moss Adams LLP as its independent registered public accounting firm for fiscal 2015; to hold an advisory vote on executive compensation; and to conduct other business that may properly come before the annual meeting or any adjournment or postponement thereof.
Ultra Clean Holdings Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 27, 2015; Provides Earnings Guidance for the Second Quarter of 2015
Apr 20 15
Ultra Clean Holdings Inc. announced unaudited consolidated earnings results for the first quarter ended March 27, 2015. For the quarter, the company reported sales of $125,318,000 against $144,224,000 a year ago. Income from operations was $2,648,000 against $9,161,000 a year ago. Income before provision for income taxes was $1,692,000 against $8,532,000 a year ago. Net income was $1,173,000 against $7,056,000 a year ago. Net income per diluted share was $0.04 against $0.24 a year ago. Outstanding debt was $75.6 million at the end of the first quarter of fiscal year 2015. The increase in outstanding debt of $27.4 million from the previous quarter was used to finance the cash portion of the Marchi transaction. Excluding charges the company would have reported earnings of $0.14 per diluted share for the first quarter of 2015. Excluding amortization of intangibles and one-time charges, operating income was $6.3 million or 5.1% in the first quarter compared to $6.1 million or 5.1% in the fourth quarter.
Due to some short term reductions in semiconductor equipment spend by several of the major chipmakers, the company expects revenue for the second quarter of 2015 to range between $112.0 million to $117.0 million, with diluted earnings per share in the range of $0.00 to $0.03. Excluding amortization costs associated with the mergers with AIT and Marchi and other one-time charges, the company expects diluted earnings per share to be in the range of $0.04 to $0.07. The company forecasting a tax rate of 28% for the second quarter of 2015, but it should see the rate decline by the end of 2015. The company expects net cash will be roughly flat in the second quarter.
Ultra Clean Holdings Inc. Engages Moss Adams LLP as Independent Registered Public Accounting Firm Replacing Deloitte & Touche LLP
Apr 3 15
The Audit Committee of the Board of Directors of Ultra Clean Holdings Inc. has performed an evaluation of independent registered public accounting firms. The audit committee approved the engagement of Moss Adams LLP as the company's independent registered public accounting firm for fiscal year 2015. On April 1, 2015, the company engaged Moss Adams. On March 30, 2015, the company informed Deloitte & Touche LLP that it had been dismissed as the company's independent registered public accounting firm based on the Audit Committee's decision.