NASDAQ$UCTT

Ultra Clean Holdings Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Ultra Clean reported record revenue and operating profit for 2022, despite declining end market demand late in the fourth quarter.

Ultra Clean Holdings reported Q4 2022 financial results with a total revenue of $566.4 million and a net income of $27.8 million, or $0.61 per diluted share. The company's non-GAAP net income was $42.6 million, or $0.93 per diluted share.

  • Total revenue was $566.4 million.
  • Products contributed $499.5 million and Services added $66.9 million.
  • GAAP net income was $27.8 million or $0.61 per diluted share.
  • Non-GAAP net income was $42.6 million or $0.93 per diluted share.

Headline financials

Total Revenue

$566M

Previous: $615M-7.9%
EPS (adj)

$0.93

Previous: $1.22-23.8%
Capital Expenditures

$32.2M

Previous: $16.6M+94.0%
Free Cash Flow

-$71M

Previous: $25M-384.0%
Net Income

$27.8M

Previous: $45.5M-38.9%
Operating Income

$43.8M

Previous: $62.7M-30.2%
Gross Profit

$109M

Previous: $129M-16.0%
Cash & Equivalents

$359M

Previous: $467M-23.1%
Total Assets

$1.96B

Previous: $2.03B-3.2%
Stock-Based Comp

$4.3M

Previous: $4.3M+0.0%

Revenue & EPS history

Ultra Clean · Revenue · Quarterly

$566M

Q4 2022-7.9%vs Q4 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Ultra Clean · $566M total across 2 segments · Q4 2022

  • Products
    $500M-6.4%
  • Services
    $66.9M-17.7%

Forward guidance

The Company expects revenue in the range of $395.0 million to $445.0 million which includes a negative estimated impact of approximately $30 million dollars related to a cybersecurity event recently announced by one of our suppliers. The Company expects GAAP diluted net income (loss) per share to be between $(0.09) and $0.10 and non-GAAP diluted net income per share to be between $0.12 and $0.32.

Headwinds

  • Revenue is expected to be in the range of $395.0 million to $445.0 million.
  • Includes a negative estimated impact of approximately $30 million dollars related to a cybersecurity event recently announced by one of our suppliers.
  • GAAP diluted net income (loss) per share to be between $(0.09) and $0.10
  • Non-GAAP diluted net income per share to be between $0.12 and $0.32.

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 2022

Historical avgQ4 2022

+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