Gold is 2025’s best performer. UBS sees more upside
SAN FRANCISCO - Ultra Clean Holdings, Inc. (NASDAQ:UCTT) reported fourth quarter earnings that beat analyst expectations, but its stock tumbled 11% in after-hours trading Monday due to weak guidance for the upcoming quarter.
The semiconductor equipment supplier posted adjusted earnings per share of $0.51, surpassing the analyst estimate of $0.44. Revenue for the quarter came in at $563.3 million, exceeding the consensus estimate of $531.01 million and representing a 4.2% increase YoY.
Despite the strong quarterly results, investors focused on the company’s disappointing outlook. For the first quarter of 2025, Ultra Clean Holdings expects revenue between $505 million and $555 million, below the analyst consensus of $561.4 million. The company also forecasts adjusted EPS of $0.22 to $0.42, falling short of the $0.54 estimate.
CEO Jim Scholhamer highlighted the company’s performance, stating, "UCT’s fourth quarter capped off a strong year with total revenue growing 21 percent over the prior year, significantly outperforming the overall WFE market."
For the full year 2024, Ultra Clean Holdings reported revenue of $2.1 billion, up 21% from the previous year. Adjusted net income for the year reached $65.2 million, or $1.44 per diluted share, compared to $25.2 million, or $0.56 per diluted share, in 2023.
CFO Sheri Savage noted, "Our cash flow generation for the year enabled us to make strategic investments to drive long-term growth. We now have the global manufacturing capacity to support a $4 billion revenue run rate."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.