Buy Or Sell Opportunity • Jun 11
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 63% to €80.08. The fair value is estimated to be €64.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Jun 09
Senior VP & Chief Accounting Officer recently sold €1.3m worth of stock On the 4th of June, Brian Harding sold around 17k shares on-market at roughly €76.96 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.9m. Insiders have been net sellers, collectively disposing of €6.8m more than they bought in the last 12 months. Recent Insider Transactions • May 20
Chief Information Officer recently sold €313k worth of stock On the 14th of May, Jeffrey Mckibben sold around 4k shares on-market at roughly €74.53 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.9m. Insiders have been net sellers, collectively disposing of €5.6m more than they bought in the last 12 months. Announcement • Apr 23
Ultra Clean Holdings, Inc. Announces Board Changes Ultra Clean Holdings, Inc. announced that Clarence Granger will step down from his role as Chairman of the Board, effective May 22, 2026, and will continue to serve as a member of the Company's Board of Directors. The Board has appointed Tom Edman, a current director, as Chairman upon his re-election at the annual meeting. Announcement • Apr 07
Ultra Clean Holdings, Inc. to Report Q1, 2026 Results on Apr 28, 2026 Ultra Clean Holdings, Inc. announced that they will report Q1, 2026 results After-Market on Apr 28, 2026 Announcement • Feb 26
Ultra Clean Holdings, Inc. (NasdaqGS:UCTT) announces an Equity Buyback for $40 million worth of its shares. Ultra Clean Holdings, Inc. (NasdaqGS:UCTT) announces a share repurchase program. Under the program, the company will repurchase up to $40 million of its common stock in privately negotiated transactions with or through one of the initial purchasers of notes in this offering. Ultra Clean expects the cash purchase price per share in such share repurchases to be equal to the closing price per share of our common stock on the date of the pricing of the notes offering. Announcement • Feb 24
Ultra Clean Holdings, Inc. Provides Earnings Guidance for the First Quarter of 2026 Ultra Clean Holdings, Inc. provided earnings guidance for the first quarter of 2026. The company expects revenue in the range of $505 million to $545 million. The company expects GAAP diluted net income (loss) per share to be between $(0.13) and $0.03. Announcement • Feb 02
Ultra Clean Holdings, Inc. to Report Q4, 2025 Results on Feb 23, 2026 Ultra Clean Holdings, Inc. announced that they will report Q4, 2025 results After-Market on Feb 23, 2026 Announcement • Jan 28
Ultra Clean Holdings, Inc. Appoints Robert Wunar as Chief Operating Officer Effective March 23, 2026 Ultra Clean Holdings, Inc. announced that Harjinder Bajwa has departed the company effective January 25, 2026, and that Robert Wunar has been appointed Chief Operating Officer effective March 23, 2026. Robert Wunar brings more than 30 years of deep operations and supply chain leadership within the semiconductor capital equipment industry. Most recently, he served as the COO/Managing Director of Business Unit Operations at Applied Materials, Inc., where he was accountable for revenue, profitability, and end-to-end supply and demand execution for numerous product lines. His experience spans global manufacturing, cost optimization, cycle-time reduction, supply-chain resilience, and scaling operations to support major industry ramps. Throughout his career, Mr. Wunar has demonstrated a strong track record of driving gross-margin improvement, improving on-time delivery, reducing manufacturing cycle times, and building global manufacturing and supplier capabilities to support growth. He has led operations across the full product lifecycle—from R&D and new product introduction through high-volume manufacturing—while maintaining a strong focus on quality, execution discipline, and customer outcomes. Mr. Wunar holds a Bachelor of Science degree in Electronics Engineering Technology from DeVry Institute of Technology and has spent his career building and leading high-performance, cross-functional teams in complex manufacturing environments. Announcement • Oct 01
Ultra Clean Holdings, Inc. to Report Q3, 2025 Results on Oct 28, 2025 Ultra Clean Holdings, Inc. announced that they will report Q3, 2025 results After-Market on Oct 28, 2025 Announcement • Jul 29
Ultra Clean Holdings, Inc. Provides Earnings Guidance for the Third Quarter of 2025 Ultra Clean Holdings, Inc. provided earnings guidance for the third quarter of 2025. For the quarter, the company expects revenue in the range of $480 million to $530 million. The Company expects GAAP diluted net loss per share to be between $(0.09) and $(0.29). Announcement • Jul 10
Ultra Clean Holdings, Inc. to Report Q2, 2025 Results on Jul 28, 2025 Ultra Clean Holdings, Inc. announced that they will report Q2, 2025 results After-Market on Jul 28, 2025 Announcement • Jul 01
Ultra Clean Holdings Inc. Announces Executive Changes at its Service Division Ultra Clean Holdings Inc. announced that, after a 40-year career in the semiconductor industry, Bill Bentinck, President of UCT's Service Division, will be retiring effective August 15, 2025. UCT announced that Sam Johnson will assume leadership of UCT's Service Division as SVP and General Manager. Sam's experience creating value throughout a portfolio of industrial operating companies aligns with UCT's growth strategy. Known for delivering measurable impact across complex organizations, Sam has a proven track record of designing and executing high-value initiatives, driving organizational transformation, and fostering collaborative teams that unlock performance. His passion for innovation, commitment to results, and ability to inspire those around him make him an outstanding addition to our leadership team as we continue to grow and elevate our Service offerings worldwide. Sam holds a Bachelor of Science, Electrical and Computer Engineering from Cornell University and an MBA from Harvard Business School. Sam and Bill will work closely together over the coming months to ensure a smooth and seamless transition. Announcement • Apr 30
Ultra Clean Holdings, Inc., Annual General Meeting, May 21, 2025 Ultra Clean Holdings, Inc., Annual General Meeting, May 21, 2025. Announcement • Apr 29
Ultra Clean Holdings, Inc. Provides Earnings Guidance for Second Quarter of 2025 Ultra Clean Holdings, Inc. provided earnings guidance for second quarter of 2025. For the period, the company expects revenue in the range of $475 million to $525 million. The Company expects GAAP diluted net loss per share to be between $(0.06) and $(0.26). Announcement • Apr 03
Ultra Clean Holdings, Inc. to Report Q1, 2025 Results on Apr 28, 2025 Ultra Clean Holdings, Inc. announced that they will report Q1, 2025 results After-Market on Apr 28, 2025 Announcement • Mar 26
Robbins LLP Informs Investors of the Ultra Clean Holdings, Inc. Class Action Lawsuit Robbins LLP informed stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Ultra Clean Holdings, Inc. securities between May 6, 2024 and February 24, 2025. Ultra Clean is a developer and supplier of subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry. Robbins LLP is Investigating Allegations that Ultra Clean Holdings, Inc. (UCTT) Misled Investors Regarding Demand for the Company's Products in China According to the complaint, during the class period, defendants created the false impression that they possessed reliable information pertaining to the demand for Ultra Clean's products and services in the domestic Chinese market. In truth, Ultra Clean's optimistic reported of significant growth and increased earnings potential fell short of reality as they failed to incorporate the impending weaker demand due to issues one of its major customers was facing, extended qualification timelines, and inventory absorption, particularly given the volatility of the semiconductor industry. Announcement • Mar 07
Ultra Clean Holdings, Inc. Announces CEO Changes Ultra Clean Holdings, Inc. announced that Jim Scholhamer has resigned effective immediately as Chief Executive Officer for personal health reasons. Clarence Granger, Chairman of the Board and founding CEO of UCT, will assume the role of interim CEO. The board is in the process of forming a search committee to find a permanent replacement for Mr. Scholhamer. Mr. Granger has served as a member of UCT's Board of Directors since May 2002 and as Chairman since October 2006. From 1996 to 2015, Mr. Granger served in multiple roles within the company including Chief Operating Officer and Executive Vice President of Operations, culminating with 12 years as UCT's CEO. Mr. Granger has extensive knowledge of UCT's business, strategy, people, operations, competition and financial position. He provides recognized executive leadership and vision in addition to a global network of customer, industry and government relationships. Announcement • Feb 25
Ultra Clean Holdings, Inc. Provides Earnings Guidance for the First Quarter of 2025 Ultra Clean Holdings, Inc. provided earnings guidance for the first quarter of 2025. The company expects revenue in the range of $505 million to $555 million. The company expects GAAP diluted net loss per share to be between $0.11 and $0.09. Announcement • Jan 30
Ultra Clean Holdings, Inc. Appoints Joanne Solomon to Board of Directors, effective February 3, 2025 Ultra Clean Holdings, Inc. announced the appointment of Joanne Solomon to serve on its Board of Directors, effective February 3, 2025. Ms. Solomon possesses more than 35 years of financial and corporate leadership experience, including as Chief Financial Officer for several publicly traded companies. She spent 16 years in increasingly responsible roles at Amkor Technology Inc., one of the world's largest providers of semiconductor packaging and test services, culminating in nine years as its Chief Financial Officer. The first decade of Ms. Solomon's career was with Price Waterhouse, including as Audit Senior Manager. She currently serves as a board member of Viavi Solutions, Inc., a publicly traded company, since February 2022. Ms. Solomon holds a Bachelor of Science degree in Business Administration with a dual degree in accounting and finance from Drexel University, and a Master of Business Administration in International Management from Thunderbird School of Global Management (now part of Arizona State University). Announcement • Jan 28
Ultra Clean Holdings, Inc. to Report Q4, 2024 Results on Feb 24, 2025 Ultra Clean Holdings, Inc. announced that they will report Q4, 2024 results After-Market on Feb 24, 2025 New Risk • Nov 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 69% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Large one-off items impacting financial results. Reported Earnings • Oct 29
Third quarter 2024 earnings released: US$0.051 loss per share (vs US$0.32 loss in 3Q 2023) Third quarter 2024 results: US$0.051 loss per share (improved from US$0.32 loss in 3Q 2023). Revenue: US$540.4m (up 24% from 3Q 2023). Net loss: US$2.30m (loss narrowed 84% from 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Oct 29
Ultra Clean Holdings, Inc. Provides Earnings Guidance for the Fourth Quarter 2024 Ultra Clean Holdings, Inc. provided earnings guidance for the fourth quarter 2024. The Company expects revenue in the range of $535 million to $585 million. The Company expects GAAP diluted net income per share to be between $0.06 and $0.26. Board Change • Oct 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Jackie Seto was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 01
Ultra Clean Holdings, Inc. to Report Q3, 2024 Results on Oct 28, 2024 Ultra Clean Holdings, Inc. announced that they will report Q3, 2024 results After-Market on Oct 28, 2024 Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$0.42 (vs US$0.21 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.42 (up from US$0.21 loss in 2Q 2023). Revenue: US$516.1m (up 22% from 2Q 2023). Net income: US$19.1m (up US$28.5m from 2Q 2023). Profit margin: 3.7% (up from net loss in 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. New Risk • Jul 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Significant insider selling over the past 3 months (€2.6m sold). Announcement • Jun 28
Ultra Clean Holdings, Inc. to Report Q2, 2024 Results on Jul 25, 2024 Ultra Clean Holdings, Inc. announced that they will report Q2, 2024 results After-Market on Jul 25, 2024 Recent Insider Transactions • Jun 13
CFO & Senior VP of Finance recently sold €775k worth of stock On the 10th of June, Sheri Savage sold around 18k shares on-market at roughly €42.98 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sheri's only on-market trade for the last 12 months. Recent Insider Transactions • May 30
Independent Director recently sold €217k worth of stock On the 24th of May, Emily Liggett sold around 5k shares on-market at roughly €40.90 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €448k. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Board Change • May 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Jackie Seto was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 16
Ultra Clean Holdings, Inc. Appoints Harjinder Bajwa as Chief Operating Officer, Effective June 10, 2024 Ultra Clean Holdings, Inc. announced that it has appointed Harjinder Bajwa, 57, as Chief Operating Officer, effective June 10, 2024. Mr. Bajwa will be based in Singapore. Mr. Bajwa brings 30 years of global operations expertise, including strategy development and execution, operations improvement and quality control, lean manufacturing and cost management. Most recently, Harjinder was the Chief Operating Officer for Reconext, a leading provider of aftermarket lifecycle services for electronics, from August 2021 to May 2024. Prior, he held various roles with Flex Ltd. for 26 years. From 2011 to 2021, he was the Senior Vice President, Global Operations of the High Reliability Solutions business unit, where he oversaw more than 40 sites in the Americas, Asia and Europe, and significantly grew the business unit's revenue and operating profits. Mr. Bajwa holds a B.S. in Mechanical Engineering from Panjab University and a M.S. in Engineering from San Jose State University. He has also completed executive development programs at the Massachusetts Institute of Technology and Stanford University. Announcement • May 08
Ultra Clean Holdings, Inc. Provides Earnings Guidance for the Second Quarter of 2024 Ultra Clean Holdings, Inc. provided earnings guidance for the second quarter of 2024. For the quarter, the Company expects revenue in the range of $465 million to $515 million. The Company expects GAAP diluted net loss per share to be between $(0.13) and $0.07. Announcement • Apr 28
Ultra Clean Holdings, Inc., Annual General Meeting, May 22, 2024 Ultra Clean Holdings, Inc., Annual General Meeting, May 22, 2024, at 12:30 Pacific Standard Time. Agenda: To consider and Elect directors; Ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal 2024; Hold an advisory vote on executive compensation ; Conduct other business that may properly come before the annual meeting or any adjournment or postponement thereof. Announcement • Apr 03
Ultra Clean Holdings, Inc. to Report Q1, 2024 Results on May 06, 2024 Ultra Clean Holdings, Inc. announced that they will report Q1, 2024 results After-Market on May 06, 2024 Announcement • Feb 28
Ultra Clean Holdings, Inc. announced delayed annual 10-K filing On 02/27/2024, Ultra Clean Holdings, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Feb 22
Full year 2023 earnings released: US$0.70 loss per share (vs US$0.89 profit in FY 2022) Full year 2023 results: US$0.70 loss per share (down from US$0.89 profit in FY 2022). Revenue: US$1.73b (down 27% from FY 2022). Net loss: US$31.1m (down 177% from profit in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Feb 22
Ultra Clean Holdings, Inc. Provides Earnings Guidance for the First Quarter of 2024 Ultra Clean Holdings, Inc. provided earnings guidance for the first quarter of 2024. For the quarter, the Company expects revenue in the range of $430.0 million to $480.0 million. The Company expects GAAP diluted net loss per share to be between $(0.25) and $(0.05). Announcement • Jan 30
Ultra Clean Holdings, Inc. to Report Q4, 2023 Results on Feb 21, 2024 Ultra Clean Holdings, Inc. announced that they will report Q4, 2023 results After-Market on Feb 21, 2024 Recent Insider Transactions • Nov 23
Chief Information Officer recently sold €192k worth of stock On the 20th of November, Jeffrey Mckibben sold around 8k shares on-market at roughly €24.22 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months. Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$0.32 loss per share (vs US$0.21 profit in 3Q 2022) Third quarter 2023 results: US$0.32 loss per share (down from US$0.21 profit in 3Q 2022). Revenue: US$435.0m (down 32% from 3Q 2022). Net loss: US$14.5m (down 250% from profit in 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Recent Insider Transactions • Nov 09
Insider recently sold €166k worth of stock On the 3rd of November, Jamie Palfrey sold around 7k shares on-market at roughly €23.91 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.1m more than they bought in the last 12 months. Announcement • Nov 03
Vijayan Chinnasami Leaves Ultra Clean Holdings, Inc. as Chief Operating Officer, Effective December 31, 2023 On October 30, 2023, it was decided that Vijayan Chinnasami, the Chief Operating Officer of Ultra Clean Holdings, Inc. (the “Company”), will be leaving the Company effective December 31, 2023. Announcement • Oct 05
Ultra Clean Holdings, Inc. to Report Q3, 2023 Results on Oct 25, 2023 Ultra Clean Holdings, Inc. announced that they will report Q3, 2023 results After-Market on Oct 25, 2023 Announcement • Aug 10
Ultra Clean Holdings, Inc. announced delayed 10-Q filing On 08/09/2023, Ultra Clean Holdings, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. New Risk • Aug 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Significant insider selling over the past 3 months (€447k sold). Announcement • Jul 29
Ultra Clean Holdings, Inc. Provides Earnings Guidance for the Third Quarter of 2023 Ultra Clean Holdings, Inc. provided earnings guidance for the third quarter of 2023. The company expects revenue in the range of $405.0 million to $455.0 million. The company expects GAAP diluted net income (loss) per share to be between negative $0.19 and positive $0.04. Reported Earnings • Jul 28
Second quarter 2023 earnings released: US$0.21 loss per share (vs US$0.56 loss in 2Q 2022) Second quarter 2023 results: US$0.21 loss per share (improved from US$0.56 loss in 2Q 2022). Revenue: US$421.5m (down 31% from 2Q 2022). Net loss: US$9.40m (loss narrowed 63% from 2Q 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jul 06
Ultra Clean Holdings, Inc. to Report Q2, 2023 Results on Jul 27, 2023 Ultra Clean Holdings, Inc. announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Recent Insider Transactions • Jun 16
President of Services Division recently sold €329k worth of stock On the 9th of June, William Bentinck sold around 10k shares on-market at roughly €33.65 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.6m more than they bought in the last 12 months. Recent Insider Transactions • Jun 01
Independent Director recently sold €112k worth of stock On the 25th of May, Emily Liggett sold around 4k shares on-market at roughly €30.29 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Reported Earnings • Apr 28
First quarter 2023 earnings released: US$0.076 loss per share (vs US$0.62 profit in 1Q 2022) First quarter 2023 results: US$0.076 loss per share (down from US$0.62 profit in 1Q 2022). Revenue: US$433.3m (down 23% from 1Q 2022). Net loss: US$3.40m (down 112% from profit in 1Q 2022). Revenue is expected to decline by 2.1% p.a. on average during the next 2 years, while revenues in the Semiconductor industry in Germany are expected to grow by 9.1%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$0.89 (vs US$2.75 in FY 2021) Full year 2022 results: EPS: US$0.89 (down from US$2.75 in FY 2021). Revenue: US$2.37b (up 13% from FY 2021). Net income: US$40.4m (down 66% from FY 2021). Profit margin: 1.7% (down from 5.7% in FY 2021). Revenue is expected to decline by 5.7% p.a. on average during the next 2 years, while revenues in the Semiconductor industry in Germany are expected to grow by 8.8%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
Ultra Clean Holdings, Inc. to Report Q4, 2022 Results on Feb 22, 2023 Ultra Clean Holdings, Inc. announced that they will report Q4, 2022 results After-Market on Feb 22, 2023 Announcement • Jan 10
Ultra Clean Holdings, Inc. Revises Revenue Guidance for the Fourth Quarter of 2022 Ultra Clean Holdings, Inc. revised revenue guidance for the fourth quarter of 2022. For the quarter, the company expects revenue to be in the range of $560 million to $570 million against previous guidance range of $600 million to $650 million. The guidance change is the result of customer order modifications related to the weakening industry environment and manufacturing output declines due to the resurgence of COVID in UCT’s China facility. These circumstances were unforeseen when the original guidance was provided, and the Company believes this does not represent a change to its competitive position or capabilities. Board Change • Nov 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Jackie Seto was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 04
Senior VP of Finance & CFO recently sold €479k worth of stock On the 1st of November, Sheri Savage sold around 15k shares on-market at roughly €32.34 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sheri's only on-market trade for the last 12 months. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.21 (vs US$0.71 in 3Q 2021) Third quarter 2022 results: EPS: US$0.21 (down from US$0.71 in 3Q 2021). Revenue: US$635.0m (up 15% from 3Q 2021). Net income: US$9.74m (down 70% from 3Q 2021). Profit margin: 1.5% (down from 5.8% in 3Q 2021). Revenue is expected to decline by 5.3% p.a. on average during the next 3 years, while revenues in the Semiconductor industry in Germany are expected to grow by 8.6%. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Oct 14
Amir Widmann, President Resigns from Ultra Clean Holdings, Inc., Effective December 31, 2022 On October 10, 2022, Amir Widmann, President, Fluid Solutions of Ultra Clean Holdings, Inc., resigned from the Company effective December 31, 2022, in order to pursue other career opportunities. Mr. Widmann’s decision to resign was not due to any disagreement with the policies, procedures or practices of the Company. Announcement • Oct 04
Ultra Clean Holdings, Inc. to Report Q3, 2022 Results on Oct 26, 2022 Ultra Clean Holdings, Inc. announced that they will report Q3, 2022 results After-Market on Oct 26, 2022 Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €28.03, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 141% over the past three years. Recent Insider Transactions • Sep 02
Insider recently sold €123k worth of stock On the 30th of August, Jamie Palfrey sold around 4k shares on-market at roughly €29.68 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.7m more than they bought in the last 12 months. Reported Earnings • Jul 30
Second quarter 2022 earnings released: US$0.56 loss per share (vs US$0.40 profit in 2Q 2021) Second quarter 2022 results: US$0.56 loss per share (down from US$0.40 profit in 2Q 2021). Revenue: US$608.7m (up 18% from 2Q 2021). Net loss: US$25.1m (down 247% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 4.0%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
Ultra Clean Holdings, Inc. Provides Earnings Guidance for the Third Quarter of 2022 Ultra Clean Holdings, Inc. provided earnings guidance for the third quarter of 2022. The Company expects revenue in the range of $585 million to $645 million and GAAP diluted net income per share to be between $0.32 and $0.55. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 15% share price gain to €34.42, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 158% over the past three years. Announcement • Jul 07
Ultra Clean Holdings, Inc. to Report Q2, 2022 Results on Jul 28, 2022 Ultra Clean Holdings, Inc. announced that they will report Q2, 2022 results After-Market on Jul 28, 2022 Announcement • Jun 29
Ultra Clean Holdings, Inc. Appoints Brian E. Harding as Chief Accounting Officer On June 23, 2022, the Board of Directors of Ultra Clean Holdings, Inc. appointed Brian E. Harding as the Company’s Chief Accounting Officer, effective June 24, 2022. Prior to joining the Company, Mr. Harding, 41, served as Vice President and Corporate Controller at The Greenbrier Companies from March 2020 to June 2022, and as Vice President, Corporate Controller and Principal Accounting Officer from May 2016 to March 2020 and as Director of Finance and Accounting from May 2014 to May 2016 at FLIR Systems, Inc. (now part of Teledyne Technologies). He previously served in various roles at KPMG from October 2003 to May 2014. Mr. Harding holds a Bachelor of Arts in Business Administration with concentrations in Accounting and Finance from Pacific University and is a Certified Public Accountant. Announcement • May 19
Ultra Clean Holdings, Inc. Announces Resignation of Chris Siu as Chief Accounting Officer On May 16, 2022, Chris Siu, Chief Accounting Officer of Ultra Clean Holdings, Inc. resigned from such position, and will no longer act as the Company’s principal accounting officer effective immediately. Mr. Siu’s decision to resign was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Recent Insider Transactions • May 15
General Counsel & Corporate Secretary recently sold €102k worth of stock On the 11th of May, Yoonku Cho sold around 4k shares on-market at roughly €28.84 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.0m. Insiders have been net sellers, collectively disposing of €3.3m more than they bought in the last 12 months. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$0.62 (vs US$0.62 in 1Q 2021) First quarter 2022 results: EPS: US$0.62 (up from US$0.62 in 1Q 2021). Revenue: US$564.1m (up 35% from 1Q 2021). Net income: US$27.9m (up 12% from 1Q 2021). Profit margin: 5.0% (down from 6.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 12%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Ultra Clean Holdings, Inc. Provides Earnings Guidance for the Second Quarter of 2022 Ultra Clean Holdings, Inc. announced that the Company expects revenue in the range of $550.0 million to $630.0 million and GAAP diluted net income per share to be between $0.60 and $0.92 for the second quarter of 2022. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Jackie Seto was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 18% share price gain to €39.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Semiconductor industry in Germany. Total returns to shareholders of 332% over the past three years. Recent Insider Transactions • Mar 05
Independent Director recently sold €1.0m worth of stock On the 2nd of March, David Ibnale sold around 25k shares on-market at roughly €41.18 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.2m more than they bought in the last 12 months. Announcement • Feb 24
Ultra Clean Holdings, Inc. Provides Earnings Guidance for the First Quarter of 2022 Ultra Clean Holdings, Inc. provided earnings guidance for the first quarter of 2022. The company expects revenue in the range of $580.0 million to $630.0 million and GAAP diluted net income per share to be between $0.80 and $1.00. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.75 (up from US$1.93 in FY 2020). Revenue: US$2.10b (up 50% from FY 2020). Net income: US$119.4m (up 54% from FY 2020). Profit margin: 5.7% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 16% share price gain to €54.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 26x in the Semiconductor industry in Germany. Total returns to shareholders of 540% over the past three years. Recent Insider Transactions • Nov 07
General Counsel & Corporate Secretary recently sold €441k worth of stock On the 3rd of November, Yoonku Cho sold around 9k shares on-market at roughly €47.70 per share. In the last 3 months, there was an even bigger sale from another insider worth €582k. Insiders have been net sellers, collectively disposing of €2.2m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 25% share price gain to €45.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 30x in the Semiconductor industry in Germany. Total returns to shareholders of 359% over the past three years. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$0.71 (vs US$0.60 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$553.7m (up 52% from 3Q 2020). Net income: US$31.9m (up 31% from 3Q 2020). Profit margin: 5.8% (down from 6.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year whereas the company’s share price has increased by 57% per year. Recent Insider Transactions • Sep 04
Independent Director recently sold €582k worth of stock On the 2nd of September, David Ibnale sold around 15k shares on-market at roughly €38.78 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.8m more than they bought in the last 12 months. Announcement • Aug 04
Ultra Clean Holdings, Inc. Provided Earnings Guidance for the Third Quarter of 2021 Ultra Clean Holdings, Inc. provided earnings guidance for the third quarter of 2021. For the period, the company expects revenue in the range of $520.0 million to $560.0 million and GAAP diluted net income per share to be between $0.68 and $0.85. 
