Ultra Clean Holdings (UCTT)

Website: www.UCT.com

"The Proven Resource For Complex Systems Integration,"

• 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.

Recent News and Press Releases

Ultra Clean Reports Second Quarter 2010 Financial Results

Ultra Clean to Present at the UBS Global Technology and Service Conference

Ultra Clean Technology (UCT) Holds Singapore Opening Ceremony

For the latest Quote and News on UCTT Click Here.

Products

Engineering

UCT offers complete product realization capabilities – from R&D to deliverables. Our experienced engineering staff provides mechanical and electrical design support as well as component characterization capabilities to assist you in qualifying alternate sources for risk mitigation and cost reduction.

UCT also offers Design for Manufacturability services. Our engineering, manufacturing, and supply chain teams can analyze and implement changes in your design to support cost, cycle-time, and lead-time reductions.

Supply Chain

UCT has global, strategic partners in key commodity categories that focus on supporting the unique requirements of low, volume highly complex products. Our qualified suppliers are selected based on their capabilities, quality, capacity, location, and cost competitiveness and are actively monitored using a balanced scorecard system.

New Product Introduction

UCT's NPI activities revolve around people, processes, and tools. With our experienced project managers and proven stage-gate NPI process and planning tools, UCT consistently delivers on-time and on-budget.

Vertical Integration

UCT is vertically integrated with precision machining capabilities in the US and China to provide the best cost and lead-time to our customers.

One Year Chart

Management

Clarence Granger - Chairman and Chief Executive Officer

Mr. Granger joined the company in 1996 as Executive Vice President of Operations and was named CEO in 2002. He has a broad range of management experience with high technology manufacturing companies.

Prior to UCT, Granger was vice president of media operations for Seagate Technology. Prior to that, he was president and CEO of HMT Technology. Granger received his master's degree in industrial engineering from Stanford University and holds a bachelor's degree in industrial engineering from the University of California at Berkeley.

David Savage - President and Chief Operating Officer

Mr. Savage joined UCT in 2008 as President and Chief Operating Officer. He has over 20 years of executive experience driving operational excellence and profitable growth in international, high technology companies by leveraging and enhancing core competencies and expanding market presence.

Before joining Ultra Clean, Savage was CEO Officer of Litel Instruments, Inc., a semiconductor optical metrology business. Prior to Litel, he was the President, Electronics Division of Meggitt USA, Inc. where he led a division focusing on high performance sensors. Prior to Meggitt, he was the founder and CEO of DigMedia, a media delivery business focused on broadband service providers.

Mr. Savage holds a bachelor’s degree in metallurgical engineering from Sheffield Hallam University in Sheffield, England. He holds several patents in nuclear and semiconductor packaging materials.

LCasey Eichler - Vice President and Chief Financial Officer

Mr. Eichler joined Ultra Clean in 2009 as a senior executive with over 25 years of diverse experience in finance, operations and administration. His background includes public, private and startup companies and proven success in the development and implementation of strategic, operational and restructuring plans.

Prior to joining UCT, Mr. Eichler was the Senior Vice President and Chief Financial Officer of Credence Systems from January 2008 to November 2008, and the Executive Vice President of Operations and Chief Financial Officer of MarketTools from March 2006 to December 2007. He served as the Vice President and Chief Financial Officer of MIPS Technologies from June 1998 to February 2006. Prior to that, he held management positions with several technology companies including Visigenic Software, NeXT Software and Microsoft.

Mr. Eichler is on the board of directors of SupportSoft, Inc. (Nasdaq: SPRT) and Magma Design Automation, Inc. (Nasdaq: LAVA). Mr. Eichler holds a bachelor of science degree in accounting from St. John’s University.

Contacts

Ultra Clean Holdings

26462 Corporate Avenue
Hayward, CA 94545
Phone: 510-576-4400
Fax: 510-576-4401

SmallCapReview.com feature stock reports are intended to be stock ideas, not recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company website and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our website. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. The information provided in this report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

Copyright SmallCapReview. All rights reserved. SCR is not a Registered Broker/Dealer or Financial Advisor. All materials presented on our website and individual reports released to the public through this website, e-mail or any other means of transmission are not to be regarded as investment advice and are only for informative purposes. Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility, particularly small-caps. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views, opinions or recommendations contained herein will produce profitable results. SmallCapReview may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our website or within our reports  In order to be in full compliance with the Securities Act of 1933, Section 17(b), SCR will disclose in it's disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the SmallCapReview website. SmallCapReview has not been compensated for its efforts with regards to Ultra Clean Holdings.

We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: http://www.sec.gov and/or the National Association of Securities Dealers (NASD) at: http://www.nasd.com . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its website.