Ultra Clean Holdings (UCTT) Tops Q1 EPS by 7c; Guides Higher

Ultra Clean Holdings (NASDAQ: UCTT) reported Q1 EPS of $0.92, $0.07 better than the analyst estimate of $0.85. Revenue for the quarter came in at $417.6 million versus the consensus estimate of $390.8 million.

"Accelerating semiconductor demand, together with UCT's ability to execute on a global scale, resulted in another very robust quarter for the company," said Jim Scholhamer, CEO. "We have strong momentum across the company as our broad portfolio of products and services, including Ham-Let, makes us increasingly relevant and strategic to the success of our customers. Demand for semiconductors has never been higher and we will continue to invest in ways that position UCT to play a larger, more pivotal role in the industry's future."

GUIDANCE:

Ultra Clean Holdings sees Q2 2021 EPS of $0.90-$1.03, versus the consensus of $0.90. Ultra Clean Holdings sees Q2 2021 revenue of $490-520 million, versus the consensus of $435.6 million.

For earnings history and earnings-related data on Ultra Clean Holdings (UCTT) click here.

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