Ultra Clean (UCTT) Prnewswire·2025-02-24 21:05Core Viewpoint - Ultra Clean Holdings, Inc. reported strong financial results for Q4 and the full year 2024, with significant revenue growth and improved profitability metrics, positioning the company favorably for future growth in the semiconductor industry driven by advancements in technology such as artificial intelligence [2][5][6]. Financial Performance Summary Fourth Quarter 2024 - Total revenue reached 540.4 million in the previous quarter, marking a 4.9% increase [3]. - Product revenue was 59.8 million [3]. - GAAP gross margin was 16.3%, down from 17.3% in the prior quarter, and operating margin was 4.6%, slightly down from 4.7% [3]. - Net income was 0.36 per diluted share, compared to a net loss of (0.05) per diluted share, in the previous quarter [3]. Full Year 2024 - Total revenue for the year was 1,734.5 million in 2023 [5]. - Product revenue was 243.9 million [5]. - GAAP gross margin improved to 17.0% from 16.0% in the prior year, and operating margin increased to 4.3% from 2.0% [5]. - Net income for the year was 0.52 per diluted share, compared to a net loss of (0.70) per diluted share, in 2023 [5]. Non-GAAP Financial Results - For Q4 2024, non-GAAP gross margin was 16.8%, and operating margin was 7.0%, with net income of 0.51 per diluted share [4]. - For the full year 2024, non-GAAP gross margin was 17.5%, operating margin was 6.9%, and net income was 1.44 per diluted share [6]. Future Outlook - The company anticipates Q1 2025 revenue in the range of 555 million, with GAAP diluted net income per share expected to be between 0.09, and non-GAAP diluted net income per share projected between 0.42 [7]. Company Overview - Ultra Clean Holdings, Inc. specializes in developing and supplying critical subsystems, components, and ultra-high purity cleaning services primarily for the semiconductor industry, with a focus on supporting semiconductor innovation [9].