Company Quick10K Filing
Ultra Clean
10-Q 2020-03-27 Filed 2020-05-06
10-K 2019-12-27 Filed 2020-03-11
10-Q 2019-09-27 Filed 2019-11-05
10-Q 2019-06-28 Filed 2019-08-07
10-Q 2019-03-29 Filed 2019-05-08
10-K 2018-12-28 Filed 2019-03-22
10-Q 2018-09-28 Filed 2018-11-07
10-Q 2018-06-29 Filed 2018-08-08
10-Q 2018-03-30 Filed 2018-05-09
10-K 2017-12-29 Filed 2018-03-14
10-Q 2017-09-29 Filed 2017-11-08
10-Q 2017-06-30 Filed 2017-08-09
10-Q 2017-03-31 Filed 2017-05-10
10-K 2016-12-30 Filed 2017-03-15
10-Q 2016-09-23 Filed 2016-11-01
10-Q 2016-06-24 Filed 2016-08-03
10-Q 2016-03-25 Filed 2016-05-02
10-K 2015-12-25 Filed 2016-03-09
10-Q 2015-09-25 Filed 2015-11-04
10-Q 2015-06-26 Filed 2015-08-05
10-Q 2015-03-27 Filed 2015-05-04
10-K 2014-12-26 Filed 2015-03-11
10-Q 2014-09-26 Filed 2014-11-03
10-Q 2014-06-27 Filed 2014-08-04
10-Q 2014-03-28 Filed 2014-05-05
10-K 2013-12-27 Filed 2014-03-12
10-Q 2013-09-27 Filed 2013-11-01
10-Q 2013-06-28 Filed 2013-08-02
10-Q 2013-03-29 Filed 2013-05-03
10-K 2012-12-28 Filed 2013-03-13
10-Q 2012-09-28 Filed 2012-11-07
10-Q 2012-06-29 Filed 2012-08-07
10-Q 2012-03-30 Filed 2012-05-07
10-K 2011-12-30 Filed 2012-03-21
10-Q 2011-09-30 Filed 2011-11-03
10-Q 2011-07-01 Filed 2011-08-03
10-Q 2011-04-01 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-03-16
10-Q 2010-10-01 Filed 2010-11-09
10-Q 2010-07-02 Filed 2010-08-09
10-Q 2010-04-02 Filed 2010-05-14
10-K 2010-01-01 Filed 2010-03-30
8-K 2020-04-29 Earnings, Exhibits
8-K 2020-02-19 Earnings, Exhibits
8-K 2019-12-17 Officers, Exhibits
8-K 2019-10-30 Earnings, Exhibits
8-K 2019-07-31 Earnings, Exhibits
8-K 2019-05-30 Officers, Exhibits
8-K 2019-05-28 Officers
8-K 2019-05-23 Officers, Shareholder Vote, Exhibits
8-K 2019-05-02 Earnings, Exhibits
8-K 2019-03-25 Officers, Other Events, Exhibits
8-K 2019-02-21 Earnings, Exhibits
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-10-26 Officers, Exhibits
8-K 2018-10-01 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-09-05 Regulation FD, Exhibits
8-K 2018-08-27 Enter Agreement, Leave Agreement, M&A, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-07-24 Enter Agreement, Other Events, Exhibits
8-K 2018-06-01 Officers, Exhibits
8-K 2018-06-01 Officers
8-K 2018-05-15 Shareholder Vote
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-03-29 Officers
8-K 2018-02-21 Earnings, Exhibits
8-K 2018-02-06 Officers, Exhibits
8-K 2018-01-30 Enter Agreement, Exhibits
8-K 2018-01-29 Other Events
8-K 2018-01-16 Earnings, Exhibits

Ultra Clean Financials

UCTT Metrics, Comps, Filings

Quarterly | Annual

Business

Ultra Clean Holdings, Inc. ("UCT", the "Company" or "We") was founded in November 2002 for the purpose of acquiring Ultra Clean Technology Systems and Services, Inc. a US-based company founded in 1991 by Mitsubishi Corporation and operated as a subsidiary of Mitsubishi. UCT became a publicly traded company in March 2004. In 2006, we acquired Sieger Engineering, Inc. to better position ourselves as a subsystem supplier primarily to the semiconductor and display capital equipment industries. Sieger Engineering merged into Ultra Clean Technology Systems and Service, Inc. in July of 2016. To facilitate operations in Asia, Ultra Clean Technology (Shanghai) Co., Ltd ("UCTS") and Ultra Clean Micro-Electronics Equipment (Shanghai) Co., Ltd. ("UCME") were established in China in 2005 and 2007, respectively, and Ultra Clean Asia Pacific, Pte, Ltd. was established in Singapore in 2008. UCTS merged into UCME in December of 2015. Our July 2012 acquisition of American Integration Technologies LLC ("AIT") added to our existing customer base in the semiconductor and medical spaces and provided additional manufacturing capabilities. In February 2015, we acquired Marchi Thermal Systems, Inc. ("Marchi") and in July 2015, we acquired MICONEX s.r.o ("Miconex"), both privately held companies with a majority of their revenues in the semiconductor market. Marchi designs and manufactures specialty heaters, thermocouples and temperature controllers, delivering flexible heating elements and thermal solutions to our customers. The Company believes heaters are increasingly critical in equipment design for the most advanced semiconductor nodes. Miconex is a provider of advanced precision fabrication of plastics that has expanded our capabilities with existing customers. In May 2018, Marchi and Miconex changed their names to UCT Thermal Solutions, Inc. ("Thermal") and to UCT Fluid Delivery Solutions s.r.o ("FDS"), respectively.

In August 2018, the Company acquired Quantum Global Technologies, LLC ("QGT"), a provider of ultra-high purity outsourced parts cleaning, process tool part recoating, surface treatment and analytical services to the semiconductor and related industries, for a total purchase price of approximately $340.8 million. See Note 5 to the Company's Consolidated Financial Statements for further information about the acquisition of QGT.

We are a global leader in the design, engineering, and manufacture of production tools, modules and subsystems for the semiconductor capital equipment industry and industry segments with similar requirements including display, consumer and medical. We focus on providing specialized engineering and manufacturing solutions for these applications. We enable our customers to realize lower manufacturing costs and reduced design-to-delivery cycle times while maintaining high quality standards.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Xperi (XPER) 1,006 97% -26.7 -4% 1,038 475 190 183 -47 -50 1,324
Quantenna Communications (QTNA) 928 50% 118.0 1% 258 46 170 85 4 8 888
Canadian Solar (CSIQ) 898 0% 4,893 3,620 0 0 0 0 788
Photronics (PLAB) 781 22% 4.7 4% 1,119 208 551 121 40 130 616
Smart Global Holdings (SGH) 757 19% 12.8 3% 783 511 1,090 207 21 67 850
CEVA (CEVA) 708 88% 334.6 -1% 294 45 59 52 -3 2 693
Ultra Clean (UCTT) 580 18% 13.9 0% 993 536 780 140 2 30 421
nLight (LASR) 576 33% 359.8 -1% 255 34 180 59 -2 1 437
Ichor (ICHR) 571 14% 25.5 1% 507 300 431 60 3 28 722
Renesola (SOL) 442 0% 378 253 0 0 0 0 433
Magnachip Semiconductor (MX) 351 22% -27.3 -8% 588 622 772 171 -48 -19 523
DSP Group (DSPG) 349 51% -539.9 -1% 203 51 88 45 -1 -1 330
NVE (NVEC) 346 80% 19.7 17% 82 1 25 20 14 17 332
Alpha & Omega Semiconductor (AOSL) 306 24% 41.0 0% 750 312 454 110 0 7 286
NeoPhotonics (NPTN) 302 23% 256.9 -8% 325 175 345 80 -26 1 278
Adesto Technologies (IOTS) 264 47% -12.6 -15% 174 110 118 55 -26 -18 226
Applied Optoelectronics (AAOI) 223 23% -7.7 -8% 484 182 200 45 -39 -26 199
GSI Technology (GSIT) 188 63% 69.6 0% 109 13 52 33 0 2 142
AXT (AXTI) 150 31% 29.6 -0% 218 26 87 27 -1 4 122
Pixelworks (PXLW) 147 52% -47.3 -9% 68 17 73 38 -6 -3 132

Balance Sheet ($MM)2011-07-012011-09-302011-12-302012-03-302012-06-292012-09-282013-03-292013-06-282013-09-272013-12-272014-03-282014-06-272014-09-262014-12-262015-03-272015-06-262015-09-252015-12-252016-03-252016-06-242016-09-232016-12-302017-03-312017-06-302017-09-292017-12-292018-03-302018-06-292018-09-282018-12-282019-03-292019-06-282019-09-27
Cash3838525551586571666074697579707760504644475255596668162141160144155168159
Accounts Receivable58484149424850475067726857627058585967736675951021089084999510711198110
Inventory705955614463514950646767555760657673829089104123140165237262229199186180164154
PP&E10101010283229294131313232364041454648505253212329323739134143141145144
Assets1941751781931672782702692672933133042842963433423563363463583523814234545015636816449879651,0031,009993
Accounts Payable492729392634353038545546424950464840536552719610413117417011495999997101
Long-Term Debt232222218078716856556456483976747776
Liabilities9067617039121114109104121131115101108137133141135148158147165192199224263261204540514550554536
Stockholders' Equity104108117123128157157160163172182189183189206209215201198200205216232255277300420439435436438439441
Income Statement ($MM)2011-07-012011-09-302011-12-302012-03-302012-06-292012-09-282013-03-292013-06-282013-09-272013-12-272014-03-282014-06-272014-09-262014-12-262015-03-272015-06-262015-09-252015-12-252016-03-252016-06-242016-09-232016-12-302017-03-312017-06-302017-09-292017-12-292018-03-302018-06-292018-09-282018-12-282019-03-292019-06-282019-09-27
Revenue13410587111107101100110107126144133117120125118123103112130146175205228243249315290234260265254
Cost of Revenue1159277959087879491105121112107102105991049098111123145167185200205266244199215217207
Gross Profit1913101617141416162223211018201919131519233037434344494635454848
R&D11111111112222322222233333333344
SG&A87789121212111212131212151314141313141415161719192031333536
Tax210223010113111111212334341545454
Net Income73855-2-0226711-54122-16-31310142020212519-61-01
Cash Flow ($MM)2011-07-012011-09-302011-12-302012-03-302012-06-292012-09-282013-03-292013-06-282013-09-272013-12-272014-03-282014-06-272014-09-262014-12-262015-03-272015-06-262015-09-252015-12-252016-03-252016-06-242016-09-232016-12-302017-03-312017-06-302017-09-292017-12-292018-03-302018-06-292018-09-282018-12-282019-03-292019-06-282019-09-27
Cash Operating21641691698-44176-6100-4-04689111711527185021
Cash Investing-1-0-0-0-76-0-0-1-1-0-1-3-32-1-16-6-2-2-2-2-3-3-7-4-6-296-4-32-4
Cash Financing-1-1-1-2074-5-2-12-110-10129-2-1-1-2-4-1-1-4-4-4-595288-3-2-26