Ultra Clean Holdings, Inc. UCTT today reported its financial results for the fourth quarter of fiscal year 2010 ended December 31, 2010. Revenue for the fourth quarter was $120.3 million, an increase of 1.5% from the third quarter 2010 and an increase of 65.3% from the same period a year ago. Gross margin for the fourth quarter was 12.3%, compared to 14.5% for the third quarter 2010 and 11.6% for the same period a year ago.
The company recorded net income of $3.9 million, or $0.17 per share, compared to net income of $6.7 million, or $0.29 per share, for the third quarter 2010 and net income of $2.5 million, or $0.11 per share, for the fourth quarter of 2009. Net income for the fourth quarter 2010 included one-time employment related cash charges of $400,000.
Cash at the end of the fourth quarter 2010 was $34.7 million, an increase of $6.9 million from the prior quarter. Net inventory was $59.3 million at the end of the fourth quarter, a decrease of $4.8 million from the prior quarter.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in