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UCTT Stock Price Correlated With Ultra Clean Holdings Financials
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Income Statement
Cash Flow
Balance Sheet
UCTT Income Statement
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Net Income:
UCTT Cash Flow
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Purchases of Businesses, Net of Cash:
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UCTT Balance Sheet
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Short-Term Investments:
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COMPANY PROFILE
1. Organization and Significant Accounting Policies
Organization — Ultra Clean Holdings,
Inc. (“UCT”) was founded in November 2002 for the
purpose of acquiring Ultra Clean Technology Systems and Service
Inc. Ultra Clean Technology Systems and Service, Inc. was founded
in 1991 by Mitsubishi Corporation and was operated as a subsidiary
of Mitsubishi until November 2002, when it was acquired by UCT. UCT
became a publicly traded company in March 2004. In June 2006, the
Company completed the acquisition of Sieger Engineering, Inc. to
better enhance its position as a subsystem supplier to the
semiconductor, research, flat panel, energy and medical equipment
industries. Ultra Clean Technology (Shanghai) Co., Ltd and Ultra
Clean Micro-Electronics Equipment (Shanghai) Co., Ltd. were
established in 2005 and 2007, respectively, to facilitate the
Company’s operations in China. Ultra Clean Asia Pacific, Pte,
Ltd. (Singapore) was established in fiscal year 2008 to facilitate
the Company’s operations in Singapore. In July 2012, UCT
acquired American Integration Technologies LLC (“AIT”)
to immediately add to the Company’s existing customer base in
the semiconductor and medical spaces and to provide additional
manufacturing capabilities. In November 2014, the Company launched
its 3D printing business in Singapore through a $40,000 acquisition
of a privately held company, Prototype Asia, to develop additive
manufacturing capability for the Company’s customer base. In
February 2015, UCT acquired substantially all of the assets of
Marchi Thermal Systems, Inc. (“Marchi”), a designer and
manufacturer of specialty heaters, thermocouples and temperature
controllers, for approximately $29.9 million in cash and
1,437,500 shares of newly issued common stock for a total
purchase price of approximately $43.7 million. The newly acquired
company, Marchi, is a leader in custom design and manufacture of
heaters, sensors, and controllers. Marchi delivers flexible heating
elements and thermal solutions to our customers. Heaters are a
critical component in many types of semiconductor capital
equipment. The Company believes heaters are increasingly critical
in equipment design for the most advanced semiconductor nodes. The
primary reason for this acquisition was to expand its capabilities
with the Company’s existing semiconductor equipment
customers, increase its footprint in this market and bring about
earlier engagement of new products and next generation equipment.
The company financed the cash portion of the acquisition by
borrowing a total of $29.7 million under a new senior secured
credit facility, under which we also borrowed $46.5 million to pay
off the total outstanding loan balance from the Company’s
existing credit facility. Following the acquisition of Marchi, the
Company’s cash and cash equivalents totaled approximately
$77.4 million and total debt was approximately $76.2 million. See
further discussion of the new borrowing arrangements in Note 5 to
the Company’s Condensed Consolidated Financial
Statements.
The Company is a global leader in the design, engineering, and
manufacture of production tools, modules and subsystems for the
semiconductor capital equipment industry and industry segments with
similar requirements including consumer, medical and flat panel
display. The Company focuses on providing specialized engineering
and manufacturing solutions for these applications. The Company
enables its customers to realize lower manufacturing costs and
reduced design-to-delivery cycle times while maintaining high
quality standards.
The Company provides its customers with complete solutions that
combine its expertise in design, scan, assembly, test, component
characterization and highly flexible global manufacturing
operations with excellence in quality control and financial
stability. The Company’s global footprint helps the Company
to drive down total manufacturing costs, reduce design-to
Organization — Ultra Clean Holdings,
Inc. (“UCT”) was founded in November 2002 for the
purpose of acquiring Ultra Clean Technology Systems and Service
Inc. Ultra Clean Technology Systems and Service, Inc. was founded
in 1991 by Mitsubishi Corporation and was operated as a subsidiary
of Mitsubishi until November 2002, when it was acquired by UCT. UCT
became a publicly traded company in March 2004. In June 2006, the
Company completed the acquisition of Sieger Engineering, Inc. to
better enhance its position as a subsystem supplier to the
semiconductor, research, flat panel, energy and medical equipment
industries. Ultra Clean Technology (Shanghai) Co., Ltd and Ultra
Clean Micro-Electronics Equipment (Shanghai) Co., Ltd. were
established in 2005 and 2007, respectively, to facilitate the
Company’s operations in China. Ultra Clean Asia Pacific, Pte,
Ltd. (Singapore) was established in fiscal year 2008 to facilitate
the Company’s operations in Singapore. In July 2012, UCT
acquired American Integration Technologies LLC (“AIT”)
to immediately add to the Company’s existing customer base in
the semiconductor and medical spaces and to provide additional
manufacturing capabilities. In November 2014, the Company launched
its 3D printing business in Singapore through a $40,000 acquisition
of a privately held company, Prototype Asia, to develop additive
manufacturing capability for the Company’s customer base. In
February 2015, UCT acquired substantially all of the assets of
Marchi Thermal Systems, Inc. (“Marchi”), a designer and
manufacturer of specialty heaters, thermocouples and temperature
controllers, for approximately $29.9 million in cash and
1,437,500 shares of newly issued common stock for a total
purchase price of approximately $43.7 million. The newly acquired
company, Marchi, is a leader in custom design and manufacture of
heaters, sensors, and controllers. Marchi delivers flexible heating
elements and thermal solutions to our customers. Heaters are a
critical component in many types of semiconductor capital
equipment. The Company believes heaters are increasingly critical
in equipment design for the most advanced semiconductor nodes. The
primary reason for this acquisition was to expand its capabilities
with the Company’s existing semiconductor equipment
customers, increase its footprint in this market and bring about
earlier engagement of new products and next generation equipment.
The company financed the cash portion of the acquisition by
borrowing a total of $29.7 million under a new senior secured
credit facility, under which we also borrowed $46.5 million to pay
off the total outstanding loan balance from the Company’s
existing credit facility. Following the acquisition of Marchi, the
Company’s cash and cash equivalents totaled approximately
$77.4 million and total debt was approximately $76.2 million. See
further discussion of the new borrowing arrangements in Note 5 to
the Company’s Condensed Consolidated Financial
Statements.
The Company is a global leader in the design, engineering, and
manufacture of production tools, modules and subsystems for the
semiconductor capital equipment industry and industry segments with
similar requirements including consumer, medical and flat panel
display. The Company focuses on providing specialized engineering
and manufacturing solutions for these applications. The Company
enables its customers to realize lower manufacturing costs and
reduced design-to-delivery cycle times while maintaining high
quality standards.
The Company provides its customers with complete solutions that
combine its expertise in design, scan, assembly, test, component
characterization and highly flexible global manufacturing
operations with excellence in quality control and financial
stability. The Company’s global footprint helps the Company
to drive down total manufacturing costs, reduce design-to
Free historical financial statements for Ultra Clean Holdings Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 49 quarters since 2012. Compare with UCTT stock chart to see long term trends.
Data imported from Ultra Clean Holdings Inc SEC filings. Check original filings before making any investment decision.