Ultra Clean Holdings Earnings: Everything You Must Know Now

Ultra Clean Holdings Inc. (NASDAQ:UCTT) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Ultra Clean Holdings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 80% to $0.04 in the quarter versus EPS of $0.20 in the year-earlier quarter.

Revenue: Decreased 9.11% to $100.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ultra Clean Holdings Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company missed the mean analyst estimate of $0.04. It beat the average revenue estimate of $98.1 million.

Quoting Management: Clarence Granger, Ultra Clean’s Chairman and Chief Executive Officer, stated: “I am pleased that during the quarter we began to see some recovery in the semiconductor equipment industry. In addition, our cash balance was at an all-time high at $64.9 million, which is the result, in part, of our focus on reducing inventory even as revenue is increasing. The first quarter was a period of continued transition as we identified additional synergies and related cost savings between UCT and AIT. We look forward to the potential that the addition of AIT brings to UCT.”

Key Stats (on next page)…

Revenue increased 11.58% from $90.07 million in the previous quarter. EPS increased to $0.04 in the quarter versus EPS of $-0.06 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.07 to a profit $0.08. For the current year, the average estimate has moved up from a profit of $0.32 to a profit of $0.37 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)