Ultra Clean Holdings Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Ultra Clean Holdings (NASDAQ:UCTT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$540.4m (up 24% from 3Q 2023).
• Net loss: US$2.30m (loss narrowed by 84% from 3Q 2023).
• US$0.051 loss per share (improved from US$0.32 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ultra Clean Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Ultra Clean Holdings' balance sheet health.

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