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Ultra Clean Technology Q4 earnings reveal steady growth, analysts impressed.

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TLDR:

Ultra Clean Technology reported a modest revenue increase in Q4 2023, with total revenue reaching $444.8 million. The company discussed strategic efforts to optimize operations and expand globally. UCTT anticipates positive growth in the semiconductor market for the latter half of 2024. The operating margin improved to 5.2%, earnings per share at $0.19, and cash flow from operations totaled $135.9 million for the year.

Key Elements:

  • Q4 2023 total revenue reached $444.8 million.
  • Strategic efforts to optimize operations and global expansion.
  • Positive outlook for semiconductor market growth in 2024.
  • Operating margin improved to 5.2%, earnings per share at $0.19.
  • Q1 2024 revenue guidance between $430 million and $480 million.

In summary, Ultra Clean Technology demonstrated resilience and strategic planning in a challenging environment, positioning itself for future growth in the semiconductor market.

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