NASDAQ$UCTT

Ultra Clean Holdings Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong financial results, demonstrating effective execution amidst demanding market conditions.

Ultra Clean Holdings reported a strong third quarter with revenue of $553.7 million. The company's operational and supply chain flexibility has been advantageous in meeting customer demand. Ongoing investments will expand global capacity and position the company well for sustainable growth.

  • Total revenue was $553.7 million.
  • GAAP net income was $31.9 million, or $0.71 per basic share.
  • Non-GAAP net income was $48.8 million, or $1.07 per diluted share.
  • The company expects revenue in the range of $590.0 million to $630.0 million for the fourth quarter.

Headline financials

Total Revenue

$554M

Previous: $363M+52.4%
EPS (adj)

$1.07

Previous: $0.73+46.6%
Capital Expenditures

-$42.7M

Previous: -$26.5M-61.1%
Free Cash Flow

-$10.8M

Previous: -$2.1M-414.3%
Net Income

$31.9M

Previous: $24.4M+30.7%
Operating Income

$50.6M

Previous: $34.9M+45.0%
Gross Profit

$114M

Previous: $74.6M+52.9%
Cash & Equivalents

$457M

Previous: $176M+159.5%
Total Assets

$1.92B

Previous: $1.06B+81.5%
Stock-Based Comp

$4.3M

Previous: $3.3M+30.3%

Revenue & EPS history

Ultra Clean · Revenue · Quarterly

$554M

Q3 2021+52.4%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Ultra Clean · $554M total across 2 segments · Q3 2021

  • Products
    $482M
  • Services
    $71.7M

Forward guidance

The Company expects revenue in the range of $590.0 million to $630.0 million and GAAP diluted net income per share to be between $0.89 and $1.06. The Company expects non-GAAP diluted net income per share to be between $1.12 and $1.29.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.8%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+1.4%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+30.0%

Q2 2015

Best reaction

-28.2%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.6%+6.8%+9.4%
Q4 2025+17.1%-1.2%-3.1%
Q3 2025-4.2%-4.4%-15.0%
Q2 2025-0.6%-9.8%+0.2%
Q1 2025-13.9%-9.6%-9.5%
Q4 2024-28.2%-31.8%-35.7%
Q3 2024-1.3%-3.5%+5.1%
Q2 2024-0.3%-8.5%-16.1%
Q1 2024+4.7%+4.9%+12.5%
Q4 2023+6.3%+7.6%+7.5%
Q3 2023-2.6%-2.3%+8.7%
Q2 2023+0.9%+3.3%-9.4%
Q1 2023-0.4%+0.8%+27.6%
Q4 2022-6.5%-6.5%-7.3%
Q3 2022+8.0%+9.8%+20.0%
Q2 2022-5.2%-4.9%-11.5%
Q1 2022-2.2%-3.8%+3.7%
Q4 2021-1.5%-2.0%-7.8%
Q3 2021+19.7%+25.2%+25.8%
Q2 2021-14.0%-11.9%-16.6%
Q1 2021-4.9%-9.2%+1.6%
Q4 2020-5.7%-5.7%+2.7%
Q3 2020-1.4%-1.7%+38.3%
Q2 2020+28.9%+26.3%+8.3%
Q1 2020+8.8%+1.6%+22.6%
Q4 2019+3.5%-13.4%-50.7%
Q3 2019+18.7%+25.8%+23.5%
Q2 2019-4.9%-10.6%-20.2%
Q1 2019+18.4%+15.7%+4.2%
Q4 2018-10.7%-10.4%-17.4%
Q3 2018-9.7%-16.8%-19.1%
Q2 2018-1.9%-9.1%-4.9%
Q1 2018+16.9%+9.8%+9.4%
Q4 2017-8.3%-3.1%-6.3%
Q3 2017-22.6%-27.2%-25.7%
Q2 2017-1.9%-9.5%-10.1%
Q1 2017+11.8%+16.5%+36.1%
Q4 2016+13.2%+17.7%+26.5%
Q3 2016+0.3%+8.7%+30.7%
Q2 2016+4.2%+1.3%+18.9%
Q1 2016+2.2%
Q4 2015+7.4%
Q3 2015-11.4%
Q2 2015+30.0%
Q1 2015-19.9%
Q4 2014-10.5%
Q3 2014-0.3%
Q2 2014+6.0%
Q1 2014-24.6%
Q4 2013+12.2%
Q3 2013+19.1%
Q2 2013+5.7%
Q1 2013+6.2%
Q4 2012-0.7%
Q3 2012+1.7%
Q2 2012+2.2%
Q1 2011+1.7%
Q1 2012+4.7%
Q1 2010+2.7%
Q4 2011+2.7%
Q3 2010+3.1%
Q3 2011+3.1%
Q4 2010-4.1%
Q2 2011-4.1%
Q2 2010-4.1%

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