Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Ultra Clean Holdings, Inc. securities, alleging that the company misrepresented its market demand and growth potential during the class period from May 6, 2024, to February 24, 2025 [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Ultra Clean created a false impression regarding the demand for its products in the Chinese market, leading to significant investor losses when the truth was revealed [5]. - Investors who purchased Ultra Clean securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as the Rosen Law Firm has achieved significant settlements in the past, including over $438 million for investors in 2019 [4]. - A lead plaintiff is needed to represent the class, and interested parties must move the court by May 23, 2025, to serve in this capacity [3]. Group 3: Next Steps for Investors - Investors wishing to join the class action can do so by visiting the provided link or contacting the Rosen Law Firm directly for more information [6]. - It is important to note that no class has been certified yet, and investors can choose to remain absent or select their own counsel [7].

NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Ultra Clean Holdings, Inc. (NASDAQ: UCTT). Shareholders who purchased shares of UCTT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/ultra-clean-holdings-inc-loss-submission-form/?id=138519&from=3 CLASS ...

NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of Ultra Clean Holdings, Inc. (“Ultra Clean” or the “Company”) (NASDAQ: UCTT) between May 6, 2024 and February 24, 2025, inclusive. For more information, submit a form at Ultra Clean Holdings, Inc. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@be ...

ATLANTA, March 25, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Ultra Clean Holdings, Inc. (“Ultra Clean” or the “Company”) (NASDAQ: UCTT). The lawsuit alleges that Defendants misled investors regarding demand for Ultra Clean’s products and services in the domestic Chinese market throughout the 2024 fiscal year. If you bought shares of Ultra Clean between May 6, 2024 and February 24, 2025, and you suffered a significant loss on that investment, you are encouraged to dis ...

LOS ANGELES, March 25, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Ultra Clean Holdings, Inc. ("Ultra Clean" or "the Company") (NASDAQ: UCTT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between May 6, 2024 and February 24, 2025, inclusive (the "Class ...

Core Viewpoint - A class action lawsuit has been filed against Ultra Clean Holdings, Inc. for allegedly misleading investors about the demand for its products in China during a specified period [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that Ultra Clean Holdings misrepresented its knowledge regarding the demand for its products in the Chinese market, leading to a false impression of reliable growth and earnings potential [2]. - The company's optimistic reports did not account for declining demand due to issues faced by a major customer, extended qualification timelines, and inventory absorption, particularly in the volatile semiconductor industry [2]. - On February 24, 2025, Ultra Clean reported "demand softness" in China during its fourth quarter and full year 2024 earnings call, which resulted in a significant stock price drop from $36.06 to $25.90, a decline of over 28% [3]. Group 2: Legal Proceedings and Shareholder Actions - Shareholders interested in participating in the class action must file their papers by May 23, 2025, to serve as lead plaintiff, representing other class members [4]. - Shareholders are not required to participate in the case to be eligible for recovery, and they can choose to remain absent class members [4]. Group 3: Company Background - Robbins LLP, the firm leading the class action, has been active in shareholder rights litigation since 2002, focusing on helping shareholders recover losses and improve corporate governance [5].

Group 1 - The Ultra Clean Holdings, Inc. class action lawsuit alleges that the company and its executives made false statements regarding the demand for their products in the Chinese market, leading to misleading impressions of growth and earnings potential [3][4] - The lawsuit claims that on February 24, 2025, Ultra Clean reported financial results indicating "demand softness" in China, resulting in a stock price drop of over 28% [4] - The class action lawsuit allows investors who purchased Ultra Clean securities during the specified period to seek appointment as lead plaintiff, representing the interests of the class [5] Group 2 - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6] - The firm has been recognized for securing the most monetary relief for investors in securities class action cases, ranking 1 in the ISS Securities Class Action Services rankings for four out of the last five years [6]

NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Ultra Clean Holdings, Inc. (“Ultra Clean” or the “Company”) (NASDAQ: UCTT) between May 6, 2024, to February 24, 2025, both dates inclusive. You are hereby notified that the class action lawsuit Ofir Schweiger v. Ultra Clean Holdings, Inc., et al. (Case No. 3:25-cv-02768) has been commenced in the United States District Co ...

HAYWARD, Calif., March 5, 2025 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT) announced today that Jim Scholhamer has resigned effective immediately as Chief Executive Officer for personal health reasons. Clarence Granger, Chairman of the Board and founding CEO of UCT, will assume the role of interim CEO. The board is in the process of forming a search committee to find a permanent replacement for Mr. Scholhamer.Mr. Granger has served as a member of UCT's Board of Directors since May 2002 and as ...

Revenue Composition - International revenues accounted for 73.0%, 69.6%, and 68.9% of total revenues for fiscal years 2024, 2023, and 2022, respectively[13]. - Approximately 94.9% of total revenues for fiscal year 2024 came from multiple segments of the semiconductor industry, including IDM, Foundry, OEM, and sub-tier suppliers[25]. - The two largest revenue customers, Applied Materials, Inc. and Lam Research Corporation, accounted for over 10% of total revenues, with the top two customers collectively representing 54.5%, 57.4%, and 62.7% of revenues for fiscal years 2024, 2023, and 2022, respectively[24]. - The company's top two customers accounted for 54.5%, 57.4%, and 62.7% of revenues for fiscal years 2024, 2023, and 2022, respectively[73]. - Approximately 73.0% and 69.6% of revenues were generated in international markets for fiscal years 2024 and 2023, respectively[82]. - U.S. revenues increased by 7.5% to $566.5 million, while international revenues grew by 26.8% to $1,531.1 million in fiscal year 2024[192]. Business Strategy and Operations - The company aims to expand its solutions and service market share with semiconductor OEMs and IDMs, leveraging equipment outsourcing opportunities[16]. - The company continues to selectively pursue strategic acquisitions to improve its financial model and expand its geographic presence[19]. - The company has a vertically integrated business model, focusing on cost competitiveness and efficiency across global operations[19]. - The company has established plans to expand operations globally, particularly in Asia Pacific and EMEA markets[82]. - The company operates primarily through subsidiaries and has manufacturing and service operations in the U.S., Asia Pacific, Europe, and the Middle East[174]. Technology and Innovation - The company is committed to ongoing technology development to remain a leader in gas delivery systems and critical subsystems[32]. - The company is actively developing new technology and processes to maintain its leadership in the cleaning, coating, and analytical markets, with significant operations in Hillsboro, Oregon, and Phoenix, Arizona[34]. - The company has invested significantly in advanced analytical and automated test equipment to enhance testing capabilities for fluid delivery products[16]. - Rapid technological innovation, particularly in artificial intelligence, necessitates timely adaptation to customer requirements to avoid obsolescence of current offerings[94]. Financial Performance - Total revenues for fiscal year 2024 were $2,097.6 million, an increase of 20.9% compared to $1,734.5 million in fiscal year 2023[190]. - Products revenue increased by $352.1 million to $1,853.7 million in fiscal year 2024, driven by higher customer demand and the acquisition of HIS[190]. - Services revenue rose by $11.0 million to $243.9 million in fiscal year 2024, primarily due to increased demand across the customer base[191]. - Total cost of revenues increased by $284.1 million to $1,741.3 million in fiscal year 2024, reflecting higher demand in the semiconductor industry[195]. - Gross profit for fiscal year 2024 was $356.3 million, a 28.5% increase from $277.3 million in fiscal year 2023[198]. - Operating profit surged by 159.1% to $91.2 million in fiscal year 2024, with an operating margin of 4.3%[201]. Risks and Challenges - The company faces competition from major players such as Ichor Systems, Flex Ltd., and Jabil, which have greater financial and technical resources[39]. - The company anticipates increased competitive pressures leading to intensified price-based competition, potentially requiring price reductions for its products[40]. - The company relies heavily on OEM customers, which could lead to significant revenue loss if any major customer reduces or cancels orders[73]. - The company faces risks associated with volatility in the global economy, which may impact customer orders and capital expenditures[81]. - The company is exposed to various risks related to acquisitions, including integration difficulties and potential dilution of equity[77]. - The lengthy qualification process for customers can limit the company's ability to quickly add new customers, impacting sales[114]. - The company is vulnerable to cybersecurity incidents, which could disrupt operations and lead to financial losses and reputational harm[118]. - Ongoing trade tensions between the U.S. and China have created uncertainties that could negatively impact the company's operations and sales[126]. Employee and Organizational Development - The company emphasizes the importance of employee development and offers competitive rewards, including an Employee Stock Purchase Plan and healthcare benefits[51]. - The company has established a dedicated global field service team to provide 24/7 customer support through on-site installation and servicing[31]. - The company relies heavily on the expertise of a limited number of engineers, and the loss of key personnel could adversely affect its business[122]. Compliance and Governance - The company must navigate complex U.S. export regulations, which could expose it to fines and penalties if not adhered to[86]. - The company is subject to evolving foreign laws and regulations, which may conflict and pose compliance challenges[88]. - Environmental compliance failures could result in significant liabilities and operational disruptions for the company[130]. - The company has significant cybersecurity risk management processes in place, led by a Chief Information Security Officer, to protect against evolving threats[151]. Capital and Financing - The company holds gross debt of $499.7 million as of December 27, 2024, consisting of a $493.8 million term loan and $5.9 million under credit facilities[132]. - The company may need to raise additional funds through public or private equity or debt financing to finance capital expenditures or strategic acquisitions, which may not be available on satisfactory terms[137]. - The company has implemented a stock repurchase program, but it may not enhance long-term stockholder value and could be suspended or terminated at any time[140]. - The company does not currently intend to pay dividends on its common stock, meaning returns for shareholders will depend on capital appreciation[148]. Internal Controls and Reporting - The company has identified material weaknesses in internal controls over financial reporting, which could affect the accuracy and reliability of financial reports[104]. - The company evaluates goodwill and intangible assets for impairment annually, considering factors such as long-term revenue growth projections and market conditions[186]. - The company maintains a full valuation allowance on deferred tax assets amounting to $96.3 million, indicating it is more likely than not that these assets will not be realized[181].