07.19.04
ULTRA CLEAN HOLDINGS REPORTS PRELIMINARY SECOND QUARTER 2004 RESULTS
MENLO PARK, CA, July 19, 2004 / PRNewswire-FirstCall — Ultra
Clean Holdings, Inc. (Nasdaq: UCTT), a developer and supplier of critical
subsystems for the semiconductor capital equipment industry, focusing
on gas delivery systems, is announcing today its preliminary financial
results for the second quarter of 2004. The Company expects to report
that it has achieved sales of $54.5 million for the second quarter of
2004 compared to sales of $17.4 million for the second quarter of 2003. Gross
profit for the second quarter of 2004 is expected to be $8.9 million
compared to gross profit of $2.6 million for the second quarter of 2003.
Net income and earnings per share are expected to be $3.1 million and
$0.18, respectively, for the second quarter of 2004 compared to a net
loss of $0.2 million and a net loss of $0.02 per share, respectively,
for the second quarter of 2003.
Ultra Clean is providing these preliminary results at this time in order
to ensure that all investors have access to the same level of information. The
Company had recently informed certain investors that there would be no
negative surprises in its upcoming earnings release for the second quarter
of 2004 and that it knew of no negative news specific to the Company
that was affecting the Company's stock price.
The financial information with respect to the quarter ended June 30,
2004 is based on a preliminary estimate and is subject to change. The
Company expects to issue its normal quarterly earnings release on July
29, 2004.
The foregoing information contains, or may be deemed to contain, "forwardlooking
statements" (as defined in the U.S. Private Securities Litigation
Reform Act of 1995) which reflect our current views with respect to future
events and financial performance. We use words such as "anticipates," "believes," "plans," "expects," "future," "intends," "may," "will," "should," "estimates," "predicts," "potential," "continue" and
similar expressions to identify these forward-looking statements. All
forward-looking statements address matters that involve risks and uncertainties.
Accordingly, you should not rely on forward-looking statements, as there
are or will be important factors that could cause our actual results,
as well as those of the markets we serve, levels of activity, performance,
achievements and prospects to differ materially from the results predicted
or implied by these forwardlooking statements. These risks, uncertainties
and other factors include, among others, those identified in "Risk
Factors," "Management's Discussion and Analysis of Financial
Condition and Results of Operations" and elsewhere in our S-1 registration
statement filed with the Securities and Exchange Commission. Ultra Clean
Holdings, Inc. undertakes no obligation to publicly update or review
any forward-looking statements, whether as a result of new information,
future developments or otherwise
Ultra Clean Holdings, Inc. is a developer and supplier of critical subsystems
for the semiconductor capital equipment industry, focusing on gas delivery
systems. Ultra Clean offers its customers a complete outsourced
solution for gas delivery systems, improved design-to-delivery cycle
times, component neutral design and manufacturing and component testing
capabilities. Ultra Clean's customers are primarily original
equipment manufacturers of semiconductor capital equipment. The
Company is headquartered in Menlo Park, California. Additional
information is available at www.uct.com.
