Simplifying Complex Financial Jargon: How AI Legalese Decoder Revolutionizes Understanding of Ultra Clean’s Q3 2023 Pre-Announced Results
- October 23, 2023
- Posted by: legaleseblogger
- Category: Related News
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Ultra Clean Holdings, Inc. Announces Preliminary Third Quarter Financial Results
HAYWARD, Calif., Oct. 23, 2023 /PRNewswire/ — Ultra Clean Holdings, Inc. (Nasdaq: UCTT) released select preliminary third quarter financial results today. The Company had previously announced its expectations for third quarter revenue to be in the range of $405.0 million to $455.0 million, with GAAP diluted net income (loss) per share between $(0.19) and $0.04 and non-GAAP diluted net income per share between $0.08 and $0.28. However, the Company now expects GAAP diluted net income (loss) per share to be approximately $(0.32) and non-GAAP diluted net income per share to be approximately $0.04. The decrease in expected earnings can be attributed to a decline in the Services business volume, reduced efficiencies, and an unfavorable mix of product revenue and geographic profits impacting the income tax rate.
To provide more information, Ultra Clean Holdings, Inc. will release its full third quarter 2023 financial results on Wednesday, October 25, 2023, after the market closes. The Company will also host a conference call and webcast on the same day, at 1:45 p.m. PT. The call can be accessed by dialing 1-844-826-3034 or 1-412-317-5179 (no passcode required). A replay of the call will be available by dialing 1-877-344-7529 or 1-412-317-0088 and entering the confirmation code 3581106. The webcast will be available on the Investor Relations section of the Company’s website at http://uct.com/investors/events/.
Additionally, Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry. The Company offers integrated outsourced solutions, prototyping, and high-precision manufacturing through its Products division, and tool chamber parts cleaning and coating services, as well as micro-contamination analytical services through its Services division. Ultra Clean Holdings, Inc. is headquartered in Hayward, California.
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