NASDAQ$UCTT

Ultra Clean Holdings Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

UCT delivered a solid quarter, achieving record revenue and earnings per share, outperforming the wafer fab equipment industry.

Ultra Clean Holdings reported strong Q4 2020 results with revenue of $369.6 million and net income of $22.6 million. The company achieved record revenue and EPS for the year, outperforming the wafer fab equipment industry for the fifth consecutive year. They also anticipate closing the Hamlet acquisition in early Q2 2021.

  • Total revenue reached $369.6 million, with SPS contributing $299.5 million and SSB adding $70.1 million.
  • GAAP net income was $22.6 million, resulting in earnings of $0.56 per basic share and $0.55 per diluted share.
  • Non-GAAP net income was $33.5 million, or $0.81 per diluted share.
  • The company expects revenue between $375.0 million and $405.0 million for Q1 2021.

Headline financials

Total Revenue

$370M

Previous: $286M+29.1%
EPS (adj)

$0.81

Previous: $0.33+145.5%
Capital Expenditures

$9.9M

Previous: $13.6M-27.2%
Free Cash Flow

$34.5M

Previous: $18.3M+88.5%
Net Income

$22.6M

Previous: -$10.3M+319.4%
Operating Income

$33.3M

Previous: $4.58M+625.9%
Gross Profit

$77.6M

Previous: $56.4M+37.6%
Cash & Equivalents

$200M

Previous: $163M+23.3%
Total Assets

$1.1B

Previous: $1.02B+8.2%
Stock-Based Comp

$3.2M

Previous: $3M+6.7%

Revenue & EPS history

Ultra Clean · Revenue · Quarterly

$370M

Q4 2020+29.1%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Ultra Clean · $507M total across 2 segments · Q4 2025

  • Products
    $442M
  • Services
    $64.2M

Forward guidance

The Company expects revenue in the range of $375.0 million to $405.0 million and GAAP diluted net income per share to be between $0.61 and $0.74. The Company expects non-GAAP diluted net income per share to be between $0.80 and $0.93.

Tailwinds

  • Revenue is expected to be between $375.0 million and $405.0 million.
  • GAAP diluted net income per share to be between $0.61 and $0.74.
  • Non-GAAP diluted net income per share to be between $0.80 and $0.93.

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 Q4 2020

Historical avgQ4 2020

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro