NEW YORK, May 5, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Ultra Clean Holdings, Inc. (NASDAQ: UCTT).Shareholders who purchased shares of UCTT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/ultra-clean-holdings-inc-loss-submission-form/?id=146600&from=4CLASS PERIOD: May ...

Core Insights - Ultra Clean Holdings (NASDAQ: UCTT) experienced a sell-off following the release of its Q1 FY2025 report on April 28, which included a downgrade of its FY2025 outlook [1] Company Summary - UCTT is a supplier of critical subsystems and ultra-high purity cleaning services specifically for the semiconductor industry [1]

NEW YORK, May 2, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Ultra Clean Holdings, Inc. ("Ultra Clean" or the "Company") (NASDAQ: UCTT) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ultra Clean investors who were adversely affected by alleged securities fraud between May 6, 2024 and February 24, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/ultra-clean-holding ...

Core Viewpoint - A federal securities class action has been filed against Ultra Clean Holdings, Inc. due to undisclosed material information regarding demand from Chinese OEMs during the fiscal year 2024, leading to significant stock price decline [1][3][4]. Company Summary - Ultra Clean Holdings, Inc. experienced a notable decline in stock price, dropping approximately 28% from $36.06 to $25.90 following the announcement of "demand softness" in China on February 24, 2025 [3]. - The company faced decreased demand attributed to extended qualification timelines and inventory absorption in the Chinese market [3]. Legal Action Summary - The law firm Kirby McInerney LLP is notifying investors of a deadline on May 23, 2025, to seek the role of lead plaintiff in the class action lawsuit [1]. - The complaint alleges that Ultra Clean failed to disclose critical information regarding elevated demand from Chinese OEMs and the domestic market throughout fiscal year 2024 [4].

Company Overview - Ultra Clean Holdings, Inc. (NASDAQ: UCTT) develops and supplies critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry [1] Market Performance - UCTT has experienced a significant drop in its stock price, reflecting broader trends in the semiconductor industry [1]

NEW YORK, May 1, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Ultra Clean Holdings, Inc. (NASDAQ: UCTT).Shareholders who purchased shares of UCTT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/ultra-clean-holdings-inc-loss-submission-form/?id=146164&from=4CLASS PERIOD: May ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, April 29, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Ultra Clean Holdings, Inc. ("Ultra Clean" or the "Company") (NASDAQ: UCTT) investors of a class action representing investors that bought securities between May 6, 2024 and February 24, 2025, inclusive (the "Class Period"). Ultra Clean investors have until May 23, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorn ...

Revenue Performance - For the three months ended March 28, 2025, total revenues increased by 8.6% to $518.6 million compared to $477.7 million for the same period in 2024[100]. - Products segment revenues rose by 9.2% to $457.0 million, driven by increased customer demand and market improvement in the semiconductor industry[100]. - International revenues increased by 18.4% to $398.8 million, while U.S. revenues decreased by 15.0% to $119.8 million, reflecting a shift in product revenues to international markets[102]. Cost and Profitability - Cost of revenues increased by 10.0% to $434.6 million, with Products cost rising by 10.3% and Services cost increasing by 7.8%[104]. - Gross profit for the three months ended March 28, 2025, was $84.0 million, a 1.7% increase from $82.6 million in the prior year, with a total gross margin of 16.2%[106]. - Operating profit decreased by 25.4% to $12.9 million, with an operating margin of 2.5%, down from 3.6% in the prior year[109]. Expenses - Research and development expenses increased by 8.6% to $7.6 million, maintaining 1.5% of total revenues[112]. - General and administrative expenses rose by 9.0% to $48.6 million, primarily due to non-recurring separation costs related to the resignation of the former CEO[114]. Market Outlook - The semiconductor market is expected to continue growing due to multi-year industry demand driven by advancements in cloud, AI, and ML applications[96]. - The Services segment is benefiting from increased reliance on precision cleaning and coating by device manufacturers[96]. Interest and Other Income - Interest income for the three months ended March 28, 2025, was $1.1 million, a decrease of 21.4% compared to $1.4 million in the same period in 2024[115]. - Interest expense decreased to $9.9 million, down 18.9% from $12.2 million year-over-year, primarily due to lower interest rates[116]. - Other income (expense), net, increased by $4.6 million to $0.8 million, compared to a loss of $3.8 million in the prior year, driven by favorable foreign exchange transactions[116]. Tax and Cash Flow - Provision for income taxes was $7.4 million, a decrease of 25.3% from $9.9 million in the prior year, with an effective tax rate of 151.0% compared to 366.7%[118]. - Cash and cash equivalents increased to $317.6 million as of March 28, 2025, from $313.9 million at the end of December 2024, reflecting a net increase of $3.7 million[120]. - Operating activities generated cash of $28.2 million, a significant increase of $18.4 million compared to $9.8 million in the same period last year[120]. Capital Expenditures and Debt - Capital expenditures were $12.4 million for the three months ended March 28, 2025, primarily for investments in manufacturing facilities[131]. - The company had total bank debt of $480.9 million as of March 28, 2025, with a weighted average interest rate of 7.6%[126]. - As of March 28, 2025, the company had $146.4 million available under its revolving credit facility, in compliance with financial covenants[127]. - The company anticipates that existing cash and cash equivalents, along with operating cash flow, will be sufficient to meet liquidity needs for at least the next twelve months[123]. Management and Internal Controls - Management is in the process of designing and implementing change management and user access review controls for certain Fluid Solutions operating subsidiaries not yet migrated to the primary ERP system[143]. - Management continues to design and implement user access controls to ensure appropriate segregation of duties for financial applications and data[143]. - Controls over segregation of duties assessment are being established to identify key conflicts and maintain effective segregation of duties for international operating subsidiaries in the Products segment[143]. - Management believes that the actions taken will remediate the material weaknesses, but there is no assurance on the exact timing of completion[143]. - There were no changes in internal control over financial reporting during the quarter ended March 28, 2025, that materially affected internal controls[144].

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $518.6 million, down from $563.3 million in the previous quarter, missing the midpoint of revenue guidance by approximately $12 million [15][21] - Earnings per share (EPS) for the quarter were $0.28, compared to $0.51 in the prior quarter, primarily due to lower revenue and higher operating expenses [19] - Total gross margin for Q1 was 16.7%, slightly down from 16.8% in Q4 [16] - Operating margin for the quarter was 5.2%, down from 7.7% in the previous quarter [18] Business Line Data and Key Metrics Changes - Revenue from products was $457 million, down from $503.5 million in Q4, attributed to weakening demand [15] - Services revenue increased from $59.8 million in Q4 to $61.6 million in Q1, primarily driven by two top customers [15] Market Data and Key Metrics Changes - The company anticipates a modest decline in demand for Q2 2025, projecting total revenue between $475 million and $525 million [21] - The semiconductor market recovery is expected to be slower than previously anticipated, with the company expecting to maintain revenue levels around $500 million per quarter for the foreseeable future [6][34] Company Strategy and Development Direction - The company is focusing on optimizing its operations and cost structures in response to current market conditions, including reviewing headcount and organizational structure [15][61] - A localized supply chain strategy has been initiated to mitigate future supply chain disruptions, enhancing resilience by securing reliable local supply sources [10] - The company is committed to maintaining technology leadership and manufacturing excellence while reinforcing its competitive position in the semiconductor industry [13] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the ongoing geopolitical landscape and its impact on the semiconductor market, indicating that uncertainty may extend the current downturn [6][34] - Despite challenges, management remains optimistic about long-term growth in the semiconductor industry, citing its essential role in transformative megatrends [13] Other Important Information - The company has repurchased 182,000 shares at a cost of $3.4 million as part of its share repurchase program [20] - The tax rate for Q1 was 20%, with expectations for the full year to be in the low to mid-20s [19] Q&A Session Summary Question: What caused the softening demand late in the quarter? - Management indicated that the softening demand was related to two customers facing technical issues, which resulted in a $12 million shortfall in revenue guidance [26] Question: What is the revenue percentage from China for March? - Management refrained from providing specific numbers but indicated a slight revenue increase anticipated in Q2, with confidence in the China strategy [28][30] Question: Will the current weakness have a longer-term impact? - Management acknowledged uncertainty in the market but indicated that they do not expect a dramatic downturn, although minor fluctuations may occur [34] Question: What impact will tariffs have on the business? - Management has been actively analyzing potential tariff impacts and believes that the long-term effects will be minimal due to their "China for China" strategy [39][42] Question: Can you provide an update on the CEO search? - The search for a new CEO is ongoing, with an expected timeline of three to four more months [80]

Group 1 - Ultra Clean Holdings (UCTT) reported quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.31 per share, and showing a slight increase from $0.27 per share a year ago, resulting in an earnings surprise of -9.68% [1] - The company posted revenues of $518.6 million for the quarter ended March 2025, which was 1.03% below the Zacks Consensus Estimate, but an increase from $477.7 million year-over-year [2] - Ultra Clean shares have declined approximately 37.4% since the beginning of the year, contrasting with the S&P 500's decline of -6.1% [3] Group 2 - The earnings outlook for Ultra Clean is mixed, with the current consensus EPS estimate for the upcoming quarter at $0.24 on revenues of $507.4 million, and $0.99 on revenues of $2.1 billion for the current fiscal year [7] - The Zacks Industry Rank indicates that the Electronics - Manufacturing Machinery sector is currently in the bottom 5% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8] Group 3 - The estimate revisions trend for Ultra Clean is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] - Entegris, another company in the same industry, is expected to report quarterly earnings of $0.69 per share, reflecting a year-over-year change of +1.5%, with revenues anticipated to be $788.96 million, up 2.3% from the previous year [9][10]