Ultra Clean Q1 Loss of $17.9M, Guides $565–605M Q2 Revenue as CFO Retires
Ultra Clean reported a Q1 net loss of $17.9 million, or $0.40 per share, though adjusted earnings were $0.31 per share on $533.7 million revenue and guided Q2 revenue of $565 million to $605 million with EPS of $0.44 to $0.60. The company also announced the retirement of CFO Sheri Savage after 17 years, and the board has launched a search for her successor.
1. Q1 Financial Results
Ultra Clean reported a net loss of $17.9 million, or $0.40 per share, in the first quarter, alongside adjusted earnings of $0.31 per share on revenue of $533.7 million. The company issued guidance for the fiscal second quarter, projecting revenue between $565 million and $605 million and earnings per share in the range of $0.44 to $0.60.
2. CFO Retirement and Succession
Sheri Savage, Ultra Clean’s CFO for 17 years, will retire, concluding a tenure marked by strengthened financial foundations and operational discipline. The board has initiated a comprehensive search for her successor and will provide updates once a candidate is selected.