Ultra Clean Holdings (UCTT) is a leading developer and supplier of critical subsystems for the semiconductor capital equipment, flat panel, medical, energy and research industries in North America, Europe, and Asia.
The Company's products include gas delivery systems, which control the flow, pressure, sequencing, and mixing of specialty gases into and out of the reaction chambers of semiconductor manufacturing tools; chemical mechanical planarization subsystems; and chemical delivery modules that deliver gases and reactive chemicals from a centralized subsystem to the reaction chamber, as well as gas delivery systems, and liquid and vapor delivery systems.
It also offers top-plate assemblies that form the top portion of the reaction chamber, within which gases controlled by gas delivery systems react to form thin films or etch films on the wafer; frame assemblies that form the support structure, to which various other assemblies are attached; and pneumatic harnesses and cables that connect other critical subsystems.
In addition, the company provides process modules that comprise frame assembly, top-plate assembly, and gas and chemical delivery modules, as well as the chamber and electronic, pneumatic, and mechanical subsystems; and other high level assemblies, which are used in semiconductor manufacturing, research, flat panel, energy, and medical equipment industries.
UCTT Investor Highlights
Announced revenue for the second quarter was $105.9 million, an increase of 7.5% from the first quarter 2010 and an increase of 355.4% from the same period a year ago.Reported net income of $5.7 million, or $0.25 per share, compared to net income of $3.9 million, or $0.17 per share, for the first quarter 2010 and a net loss of $14.1 million, or $(0.66) per share, for the second quarter of 2009.
Commenting on Ultra Clean's corporate guidance, Clarence Granger (CEO) noted: "In the third quarter, we are projecting record revenues and earnings along with continued improvements in gross margin. Revenue guidance for the third quarter is $118 million to $123 million, with earnings per share in the range of $0.29 to $0.33.
"Recently announced it held the official opening of its Singapore manufacturing operations at Ultra Clean Asia Pacific Pte. Ltd located at Spectrum 1, in the Woodlands Industrial Estate. Ultra Clean acquired the 35,000 sq. ft. facility in October 2009 and has since completed a major investment program to expand the manufacturing capacity and capability.
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