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Last $6.29 USD
Change Today -0.01 / -0.16%
Volume 142.8K
UCTT On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

ultra clean holdings inc (UCTT) Key Developments

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

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

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.

Ultra Clean Holdings Inc. to Report Q1, 2015 Results on Apr 20, 2015

Ultra Clean Holdings Inc. announced that they will report Q1, 2015 results at 1:45 PM, Pacific Standard Time on Apr 20, 2015

Ultra Clean Holdings Inc., Q1 2015 Earnings Call, Apr 20, 2015

Ultra Clean Holdings Inc., Q1 2015 Earnings Call, Apr 20, 2015

Ultra Clean Holdings Inc. Appoints Casey Eichler to the Position of President and Chief Financial Officer

Ultra Clean Holdings Inc. announced the appointment of Mr. Casey Eichler to the position of President and Chief Financial Officer, effective March 25, 2015. Mr. Eichler has over 25 years of executive experience and joined UCT in August of 2009 as the company's Chief Financial Officer. Prior to that Casey was on the company's board of directors from February of 2004 to July of 2009 and served as the Chair of the Audit committee. Before joining UCT, Mr. Eichler was the senior vice president and chief financial officer of Credence Systems from January 2008 to November 2008, and the executive vice president of operations and chief financial officer of MarketTools from March 2006 to December 2007. Casey served as the vice president and chief financial officer of MIPS Technologies from June 1998 to February 2006. Prior to that, he held management positions with several technology companies including Visigenic Software, NeXT Inc., and Microsoft. Mr. Eichler holds a Bachelor of Science degree in accounting from St. John's University. In his new position Mr. Eichler will continue to report to Jim Scholhamer.

 

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UCTT

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Valuation UCTT Industry Range
Price/Earnings 34.7x
Price/Sales 0.4x
Price/Book 0.9x
Price/Cash Flow 36.3x
TEV/Sales 0.1x
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