Extremely Clear jumps 10% after Q3 topline outcomes seen up 15% Y/Y

Extremely Clear (UCTT) Q3 exhibits ~15% climb in income to $635M, beats consensus by $22.76M.

Bifurcating income: Merchandise contributed $556.3M and Providers added $78.7M.

GAAP foundation: Complete gross margin was 19.6%, working margin was 5.7%, and internet earnings was $9.7M.

Non-GAAP foundation: Gross margin was 20.6%, working margin was 11.7%, and internet earnings was $48.6M.

Q3 Non-GAAP EPS of $1.06 in-line.

This autumn Outlook: Income vary $600M-650M vs. consensus of $613.22M and GAAP EPS between $0.61 and $0.79. Non-GAAP EPS to be between $0.94 and $1.14 vs. consensus $1.05.

Jim Scholhamer, CEO. “We’re working carefully with our prospects concerning the brand new export restrictions to China and, consequently, are sustaining a large steering vary. We’re assured within the long-term prospects for the Semiconductor Trade and UCT’s skill to carry out properly inside a broad vary of market eventualities. We additionally acknowledge our dedication to deploy capital towards alternatives that drive the best return for our shareholders. Sturdy money flows have enabled us to provoke a share repurchase program for a complete of $150 million over a 3 yr interval.”

Inventory has a SA Authors score of Purchase with commentary that claims: ‘Being additional downstream than their better-known semi-cap friends means UCTT is extra uncovered to the business’s cyclical nature.’; ‘Semiconductor Trade Gear Finest Capital Achieve Prospect’; Promote facet score of Sturdy Purchase with goal value of $47.86; Quant score of Maintain with highest grades given to Valuation.

Beforehand (Oct. 26): Extremely Clear Holdings Non-GAAP EPS of $1.06 in-line, income of $635.01M beats by $22.76M