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HAYWARD, Calif., Oct. 28, 2024 /PRNewswire/ — Extremely Blank Holdings, Inc. (Nasdaq: UCTT), these days reported its monetary effects for the 3rd quarter ended September 27, 2024.
“UCT’s third quarter results came in above expectations driven by broader equipment demand for AI infrastructure build out and sustained domestic China market spending,” mentioned Jim Scholhamer, CEO. “The rationale for significant long-term investment in WFE remains strong. UCT’s vertical integration capabilities and strategic manufacturing network provide a competitive edge, and should enable us to increase share as demand expands.”
3rd Quarter 2024 GAAP Monetary Effects
General income used to be $540.4 million. Merchandise contributed $479.0 million and Services and products added $61.4 million. General rude margin used to be 17.3%, working margin used to be 4.7%, and internet loss used to be $(2.3) million or $(0.05) in step with diluted proportion. This compares to general income of $516.1 million, rude margin of 17.1%, working margin of four.4%, and internet source of revenue of $19.1 million or $0.42 in step with diluted proportion, within the prior quarter.
3rd Quarter 2024 Non-GAAP Monetary Effects
On a non-GAAP foundation, rude margin used to be 17.8%, working margin used to be 7.3%, and internet source of revenue used to be $15.9 million or $0.35 in step with diluted proportion. This compares to rude margin of 17.7%, working margin of 6.9%, and internet source of revenue of $14.4 million or $0.32 in step with diluted proportion within the prior quarter.
Fourth Quarter 2024 Outlook
The Corporate expects income within the area of $535 million to $585 million. The Corporate expects GAAP diluted internet source of revenue in step with proportion to be between $0.06 and $0.26 and non-GAAP diluted internet source of revenue in step with proportion to be between $0.34 and $0.54.
Convention Name
The convention name and webcast will remove park on Monday, October 28, 2024 at 1:45 p.m. PT and will also be accessed by way of dialing 1-800-836-8184 or 1-646-357-8785. Incorrect passcode is needed. A replay of the decision can be to be had by way of dialing 1-888-660-6345 or 1-646-517-4150 and coming into the affirmation code 34185#. The Webcast can be to be had at the Investor Members of the family category of the Corporate’s web page at http://uct.com/investors/events/.
About Extremely Blank Holdings, Inc.
Extremely Blank Holdings, Inc. is a eminent developer and provider of vital subsystems, parts, portions, and ultra-high purity cleansing and analytical services and products, essentially for the semiconductor business. Underneath its Merchandise section, UCT offer its shoppers an built-in outsourced answer for primary subassemblies, progressed design-to-delivery cycle occasions, design for manufacturability, prototyping, and high-precision production. Underneath its Services and products Category, UCT offer its shoppers device chamber portions cleansing and coating, in addition to micro-contamination analytical services and products. Extremely Blank is headquartered in Hayward, California. Extra data is to be had at www.uct.com.
Importance of Non-GAAP Measures
Along with offering effects which might be motivated according to In most cases Approved Accounting Rules in the US of The us (“GAAP”), control makes use of non-GAAP rude margin, non-GAAP working margin and non-GAAP internet source of revenue to judge the Corporate’s working and monetary effects. We consider the presentation of non-GAAP effects comes in handy to buyers for examining our core industry and industry traits and evaluating efficiency to prior classes, along side bettering buyers’ talent to view the Corporate’s effects from control’s viewpoint. The presentation of this alternative data must now not be thought to be an alternative to effects ready according to GAAP. Tables presenting reconciliations from GAAP effects to non-GAAP effects are incorporated on the finish of this press drop.
The Corporate defines non-GAAP internet source of revenue as internet source of revenue (loss) ahead of amortization of intangible property, stock-based repayment, restructuring fees, acquisition job prices, truthful worth changes, debt refinancing prices, legal-related prices and the tax results of the foregoing changes.
A reconciliation of our steering for non-GAAP internet source of revenue in step with diluted proportion for the next quarter isn’t to be had because of fluctuations within the geographic mixture of our income from quarter to quarter, which affects our tax price and can’t be rather predicted or motivated. Consequently, such reconciliation isn’t to be had with out unreasonable efforts and we’re not able to decide the possible usefulness of the unavailable data.
Barricade Harbor Observation
The foregoing data accommodates, or is also deemed to comprise, “forward-looking statements” (as outlined in america Non-public Securities Litigation Reform Office of 1995) which replicate our new perspectives with appreciate to moment occasions and monetary efficiency. We usefulness phrases comparable to “anticipates,” “projection,” “outlook,” “forecast,” “believes,” “plan,” “expect,” “future,” “intends,” “may,” “will,” “estimates,” “see,” “predicts,” “should” and matching expressions to spot those forward-looking statements. Ahead searching statements incorporated on this press drop come with our expectancies in regards to the semiconductor capital apparatus marketplace and outlook. All forward-looking statements cope with issues that contain dangers and uncertainties. Accordingly, the Corporate’s original effects might vary materially from the effects predicted or implied by way of those forward-looking statements. Those dangers, uncertainties and alternative elements additionally come with, amongst others, the ones recognized in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in our annual report on Form 10-K for the year ended December 29, 2023, as filed with the Securities and Trade Fee. Extremely Blank Holdings, Inc. undertakes negative legal responsibility to publicly replace or assessment any forward-looking statements, whether or not on account of brandnew data, moment traits or in a different way until required by way of legislation.
Touch:
Rhonda Bennetto
SVP Investor Members of the family
[email protected]
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ULTRA CLEAN HOLDINGS, INC. |
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
|||||||
|
(Unaudited; in tens of millions, apart from in step with proportion information) |
|||||||
|
3 Months Ended |
9 Months Ended |
||||||
|
September 27, 2024 |
September 29, 2023 |
September 27, 2024 |
September 29, 2023 |
||||
|
Revenues: |
|||||||
|
Product |
$ 479.0 |
$ 380.9 |
$ 1,350.2 |
$ 1,112.0 |
|||
|
Services and products |
61.4 |
54.1 |
184.1 |
177.8 |
|||
|
General revenues |
540.4 |
435.0 |
1,534.3 |
1,289.8 |
|||
|
Price of revenues: |
|||||||
|
Product |
403.3 |
329.3 |
1,141.2 |
955.5 |
|||
|
Services and products |
43.7 |
40.5 |
128.6 |
128.0 |
|||
|
General value revenues |
447.0 |
369.8 |
1,269.8 |
1,083.5 |
|||
|
Improper margin |
93.4 |
65.2 |
264.5 |
206.3 |
|||
|
Running bills: |
|||||||
|
Analysis and construction |
7.1 |
7.4 |
21.2 |
21.7 |
|||
|
Gross sales and advertising |
14.4 |
12.8 |
42.9 |
38.6 |
|||
|
Basic and administrative |
46.7 |
39.3 |
135.1 |
115.3 |
|||
|
General working bills |
68.2 |
59.5 |
199.2 |
175.6 |
|||
|
Source of revenue from operations |
25.2 |
5.7 |
65.3 |
30.7 |
|||
|
Hobby source of revenue |
1.1 |
1.2 |
3.9 |
2.5 |
|||
|
Hobby expense |
(12.0) |
(12.3) |
(35.8) |
(35.9) |
|||
|
Alternative source of revenue (expense), internet |
(4.1) |
(2.1) |
9.3 |
(0.8) |
|||
|
Source of revenue ahead of provision for source of revenue taxes |
10.2 |
(7.5) |
42.7 |
(3.5) |
|||
|
Provision for source of revenue taxes |
9.9 |
5.3 |
28.2 |
17.1 |
|||
|
Internet source of revenue (loss) |
0.3 |
(12.8) |
14.5 |
(20.6) |
|||
|
Much less: Internet source of revenue as a result of noncontrolling pursuits |
2.6 |
1.7 |
7.1 |
6.7 |
|||
|
Internet source of revenue (loss) as a result of UCT |
$ (2.3) |
$ (14.5) |
$ 7.4 |
$ (27.3) |
|||
|
Internet source of revenue (loss) in step with proportion as a result of UCT ordinary stockholders: |
|||||||
|
Unadorned |
$ (0.05) |
$ (0.32) |
$ 0.16 |
$ (0.61) |
|||
|
Diluted |
$ (0.05) |
$ (0.32) |
$ 0.16 |
$ (0.61) |
|||
|
Stocks worn in computing internet source of revenue (loss) in step with proportion: |
|||||||
|
Unadorned |
45.0 |
44.8 |
44.8 |
44.8 |
|||
|
Diluted |
45.0 |
44.8 |
45.4 |
44.8 |
|||
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ULTRA CLEAN HOLDINGS, INC. |
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CONDENSED CONSOLIDATED BALANCE SHEETS |
|||
|
(Unaudited; in tens of millions) |
|||
|
September 27, 2024 |
December 29, 2023 |
||
|
ASSETS |
|||
|
Stream property: |
|||
|
Money and money equivalents |
$ 318.2 |
$ 307.0 |
|
|
Accounts receivable, internet of allowance for credit score losses |
228.1 |
180.8 |
|
|
Inventories |
402.6 |
374.5 |
|
|
Pay as you go bills and alternative new property |
36.9 |
30.9 |
|
|
General new property |
985.8 |
893.2 |
|
|
Component, plant and gear, internet |
327.7 |
328.3 |
|
|
Esteem |
265.3 |
265.2 |
|
|
Intangible property, internet |
192.4 |
215.3 |
|
|
Deferred tax property, internet |
3.6 |
3.1 |
|
|
Running rent right-of-use property |
162.2 |
151.7 |
|
|
Alternative non-current property |
10.5 |
10.9 |
|
|
General property |
$ 1,947.5 |
$ 1,867.7 |
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|||
|
Stream liabilities: |
|||
|
Storage borrowings |
$ 16.4 |
$ 17.6 |
|
|
Accounts payable |
233.2 |
192.9 |
|
|
Amassed repayment and connected advantages |
47.9 |
47.7 |
|
|
Running rent liabilities |
19.0 |
18.1 |
|
|
Alternative new liabilities |
42.3 |
33.7 |
|
|
General new liabilities |
358.8 |
310.0 |
|
|
Storage borrowings, internet of new portion |
475.8 |
461.2 |
|
|
Deferred tax liabilities |
18.9 |
19.0 |
|
|
Running rent liabilities |
155.6 |
143.0 |
|
|
Alternative liabilities |
16.0 |
37.3 |
|
|
General liabilities |
1,025.1 |
970.5 |
|
|
Fairness: |
|||
|
UCT stockholders’ fairness: |
|||
|
Familiar inventory |
507.7 |
496.6 |
|
|
Retained income |
354.1 |
346.7 |
|
|
Gathered alternative complete loss |
(3.9) |
(4.4) |
|
|
General UCT stockholders’ fairness |
857.9 |
838.9 |
|
|
Noncontrolling pursuits |
64.5 |
58.3 |
|
|
General fairness |
922.4 |
897.2 |
|
|
General liabilities and fairness |
$ 1,947.5 |
$ 1,867.7 |
|
|
ULTRA CLEAN HOLDINGS, INC. |
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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
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|
(Unaudited; in tens of millions) |
|||
|
9 Months Ended |
|||
|
September 27, |
September 29, |
||
|
Money flows from working actions: |
|||
|
Internet source of revenue (loss) |
$ 14.5 |
$ (20.6) |
|
|
Changes to reconcile internet source of revenue (loss) to internet money supplied by way of working actions: |
|||
|
Depreciation and amortization |
34.1 |
27.9 |
|
|
Amortization of intangible property |
22.9 |
16.9 |
|
|
Retain-based repayment |
12.7 |
8.7 |
|
|
Amortization of debt issuance prices |
2.4 |
2.9 |
|
|
Trade within the truthful worth of monetary tools |
(21.7) |
(0.3) |
|
|
Deferred source of revenue taxes |
(1.2) |
0.1 |
|
|
Loss (acquire) on sale of trait, plant and gear |
1.2 |
(1.1) |
|
|
Adjustments in property and liabilities: |
|||
|
Accounts receivable |
(47.3) |
83.2 |
|
|
Inventories |
(28.1) |
65.6 |
|
|
Pay as you go bills and alternative new property |
(2.9) |
7.5 |
|
|
Alternative non-current property |
0.6 |
0.8 |
|
|
Accounts payable |
46.1 |
(61.2) |
|
|
Amassed repayment and connected advantages |
0.2 |
(11.8) |
|
|
Source of revenue taxes payable |
1.4 |
(8.9) |
|
|
Running rent property and liabilities |
8.1 |
(3.7) |
|
|
Alternative liabilities |
4.9 |
(5.4) |
|
|
Internet money supplied by way of working actions |
47.9 |
100.6 |
|
|
Money flows from making an investment actions: |
|||
|
Purchases of trait, plant and gear |
(46.2) |
(59.2) |
|
|
Proceeds from sale of apparatus |
— |
2.3 |
|
|
Internet money worn in making an investment actions |
(46.2) |
(56.9) |
|
|
Money flows from financing actions: |
|||
|
Proceeds from warehouse borrowings |
67.7 |
— |
|
|
Proceeds from issuance of ordinary inventory |
0.9 |
— |
|
|
Extinguishment of debt |
(44.2) |
— |
|
|
Foremost bills on warehouse borrowings |
(10.1) |
(34.7) |
|
|
Fee of debt issuance prices |
(2.5) |
(0.3) |
|
|
Staff’ taxes paid upon vesting of limited inventory devices |
(2.5) |
(2.2) |
|
|
Bills of dividends to a three way partnership shareholder |
(0.5) |
(0.1) |
|
|
Repurchase of stocks |
— |
(23.7) |
|
|
Internet money supplied by way of (worn in) financing actions |
8.8 |
(61.0) |
|
|
Impact of alternate price adjustments on money and money equivalents |
0.7 |
0.5 |
|
|
Internet building up (snip) in money and money equivalents |
11.2 |
(16.8) |
|
|
Money and money equivalents at starting of duration |
307.0 |
358.8 |
|
|
Money and money equivalents at finish of duration |
$ 318.2 |
$ 342.0 |
|
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ULTRA CLEAN HOLDINGS, INC. |
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REPORTABLE SEGMENTS |
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|
GAAP TO NON-GAAP RECONCILIATION |
|||||||||||
|
(Unaudited; bucks in tens of millions) |
|||||||||||
|
GAAP |
Non-GAAP |
||||||||||
|
3 Months Ended |
3 Months Ended |
||||||||||
|
September 27, 2024 |
September 27, 2024 |
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|
Merchandise |
Services and products |
Consolidated |
Merchandise |
Services and products |
Consolidated |
||||||
|
Revenues |
$ 479.0 |
$ 61.4 |
$ 540.4 |
$ 479.0 |
$ 61.4 |
$ 540.4 |
|||||
|
Improper benefit |
$ 75.7 |
$ 17.7 |
$ 93.4 |
$ 77.3 |
$ 18.7 |
$ 96.0 |
|||||
|
Improper margin |
15.8 % |
28.8 % |
17.3 % |
16.1 % |
30.5 % |
17.8 % |
|||||
|
Source of revenue from operations |
$ 22.4 |
$ 2.8 |
$ 25.2 |
$ 33.3 |
$ 6.2 |
$ 39.5 |
|||||
|
Running margin |
4.7 % |
4.6 % |
4.7 % |
7.0 % |
10.1 % |
7.3 % |
|||||
|
3 Months Ended |
|||||||||||
|
September 27, 2024 |
|||||||||||
|
Merchandise |
Services and products |
Consolidated |
|||||||||
|
Reconciliation of GAAP Improper benefit to Non-GAAP Improper benefit (in tens of millions) |
|||||||||||
|
Reported rude benefit on a GAAP foundation |
$ 75.7 |
$ 17.7 |
$ 93.4 |
||||||||
|
Amortization of intangible property (1) |
1.3 |
1.0 |
2.3 |
||||||||
|
Retain-based repayment expense (2) |
0.3 |
— |
0.3 |
||||||||
|
Non-GAAP rude benefit |
$ 77.3 |
$ 18.7 |
$ 96.0 |
||||||||
|
Reconciliation of GAAP Improper margin to Non-GAAP Improper margin |
|||||||||||
|
Reported rude margin on a GAAP foundation |
15.8 % |
28.8 % |
17.3 % |
||||||||
|
Amortization of intangible property (1) |
0.2 % |
1.7 % |
0.4 % |
||||||||
|
Retain-based repayment expense (2) |
0.1 % |
— % |
0.1 % |
||||||||
|
Non-GAAP rude margin |
16.1 % |
30.5 % |
17.8 % |
||||||||
|
Reconciliation of GAAP Source of revenue from operations to Non-GAAP Source of revenue from operations (in tens of millions) |
|||||||||||
|
Reported source of revenue from operations on a GAAP foundation |
$ 22.4 |
$ 2.8 |
$ 25.2 |
||||||||
|
Amortization of intangible property (1) |
4.7 |
2.9 |
7.6 |
||||||||
|
Retain-based repayment expense (2) |
4.0 |
0.5 |
4.5 |
||||||||
|
Restructuring fees (3) |
0.3 |
— |
0.3 |
||||||||
|
Acquisition connected prices (4) |
0.6 |
— |
0.6 |
||||||||
|
Felony-related prices (5) |
1.3 |
— |
1.3 |
||||||||
|
Non-GAAP source of revenue from operations |
$ 33.3 |
$ 6.2 |
$ 39.5 |
||||||||
|
Reconciliation of GAAP Running margin to Non-GAAP Running margin |
|||||||||||
|
Reported working margin on a GAAP foundation |
4.7 % |
4.6 % |
4.7 % |
||||||||
|
Amortization of intangible property (1) |
1.0 % |
4.7 % |
1.4 % |
||||||||
|
Retain-based repayment expense (2) |
0.8 % |
0.8 % |
0.8 % |
||||||||
|
Restructuring fees (3) |
0.1 % |
— % |
0.1 % |
||||||||
|
Acquisition connected prices (4) |
0.1 % |
— % |
0.1 % |
||||||||
|
Felony-related prices (5) |
0.3 % |
— % |
0.2 % |
||||||||
|
Non-GAAP working margin |
7.0 % |
10.1 % |
7.3 % |
||||||||
|
1 Amortization of intangible property connected to the Corporate’s industry acquisitions |
|||||||||||
|
2 Represents repayment expense for inventory granted to staff and administrators |
|||||||||||
|
3 Represents severance, retention and prices connected to facility closures |
|||||||||||
|
4 Represents acquisition job prices |
|||||||||||
|
5 Represents estimated prices connected to positive authorized complaints |
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ULTRA CLEAN HOLDINGS, INC. |
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|
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP ADJUSTED RESULTS |
|||||
|
3 Months Ended |
|||||
|
September 27, 2024 |
September 29, 2023 |
June 28, 2024 |
|||
|
Reconciliation of GAAP Internet Source of revenue (Loss) to Non-GAAP Internet Source of revenue (in tens of millions) |
|||||
|
Reported internet source of revenue (loss) as a result of UCT on a GAAP foundation |
(2.3) |
$ (14.5) |
$ 19.1 |
||
|
Amortization of intangible property (1) |
7.6 |
5.5 |
7.6 |
||
|
Retain-based repayment expense (2) |
4.5 |
3.9 |
4.7 |
||
|
Restructuring fees (3) |
0.3 |
3.2 |
0.5 |
||
|
Acquisition connected prices (4) |
0.6 |
0.7 |
— |
||
|
Truthful worth connected changes (5) |
0.8 |
— |
(24.1) |
||
|
Debt refinancing prices expensed (6) |
— |
— |
3.6 |
||
|
Felony-related prices (7) |
1.3 |
— |
— |
||
|
Source of revenue tax impact of non-GAAP changes (8) |
(4.1) |
(5.0) |
1.9 |
||
|
Source of revenue tax impact of valuation allowance (9) |
7.2 |
8.2 |
1.1 |
||
|
Non-GAAP internet source of revenue as a result of UCT |
$ 15.9 |
$ 2.0 |
$ 14.4 |
||
|
Reconciliation of GAAP Source of revenue from operations to Non-GAAP Source of revenue from operations (in tens of millions) |
|||||
|
Reported source of revenue from operations on a GAAP foundation |
$ 25.2 |
$ 5.7 |
$ 22.9 |
||
|
Amortization of intangible property (1) |
7.6 |
5.5 |
7.6 |
||
|
Retain-based repayment expense (2) |
4.5 |
3.9 |
4.7 |
||
|
Restructuring fees (3) |
0.3 |
3.2 |
0.5 |
||
|
Acquisition connected prices (4) |
0.6 |
0.7 |
— |
||
|
Felony-related prices (7) |
1.3 |
— |
— |
||
|
Non-GAAP source of revenue from operations |
$ 39.5 |
$ 19.0 |
$ 35.7 |
||
|
Reconciliation of GAAP Running margin to Non-GAAP Running margin |
|||||
|
Reported working margin on a GAAP foundation |
4.7 % |
1.3 % |
4.4 % |
||
|
Amortization of intangible property (1) |
1.4 % |
1.3 % |
1.5 % |
||
|
Retain-based repayment expense (2) |
0.8 % |
0.9 % |
0.9 % |
||
|
Restructuring fees (3) |
0.1 % |
0.7 % |
0.1 % |
||
|
Acquisition connected prices (4) |
0.1 % |
0.2 % |
— % |
||
|
Felony-related prices (7) |
0.2 % |
— % |
— % |
||
|
Non-GAAP working margin |
7.3 % |
4.4 % |
6.9 % |
||
|
Reconciliation of GAAP Improper benefit to Non-GAAP Improper benefit (in tens of millions) |
|||||
|
Reported rude benefit on a GAAP foundation |
$ 93.4 |
$ 65.2 |
$ 88.5 |
||
|
Amortization of intangible property (1) |
2.3 |
1.5 |
2.3 |
||
|
Retain-based repayment expense (2) |
0.3 |
0.2 |
0.5 |
||
|
Restructuring fees (3) |
— |
0.7 |
0.2 |
||
|
Non-GAAP rude benefit |
$ 96.0 |
$ 67.6 |
$ 91.5 |
||
|
Reconciliation of GAAP Improper margin to Non-GAAP Improper margin |
|||||
|
Reported rude margin on a GAAP foundation |
17.3 % |
15.0 % |
17.1 % |
||
|
Amortization of intangible property (1) |
0.4 % |
0.3 % |
0.5 % |
||
|
Retain-based repayment expense (2) |
0.1 % |
0.0 % |
0.1 % |
||
|
Restructuring fees (3) |
— % |
0.2 % |
0.0 % |
||
|
Non-GAAP rude margin |
17.8 % |
15.5 % |
17.7 % |
||
|
Reconciliation of GAAP Alternative source of revenue (expense), internet to Non-GAAP Alternative source of revenue (expense), internet (in tens of millions) |
|||||
|
Reported Alternative source of revenue (expense), internet on a GAAP foundation |
$ (4.1) |
$ (2.1) |
$ 17.4 |
||
|
Truthful worth connected changes (5) |
0.8 |
— |
(24.1) |
||
|
Debt refinancing prices expensed (6) |
— |
— |
3.6 |
||
|
Non-GAAP Alternative source of revenue (expense), internet |
$ (3.3) |
$ (2.1) |
$ (3.1) |
||
|
Reconciliation of GAAP Source of revenue (Loss) In keeping with Diluted Proportion to Non-GAAP Profits In keeping with Diluted Proportion |
|||||
|
Reported internet source of revenue (loss) on a GAAP foundation |
$ (0.05) |
$ (0.32) |
$ 0.42 |
||
|
Amortization of intangible property (1) |
0.17 |
0.12 |
0.17 |
||
|
Retain-based repayment expense (2) |
0.10 |
0.09 |
0.10 |
||
|
Restructuring fees (3) |
0.00 |
0.07 |
0.01 |
||
|
Acquisition connected prices (4) |
0.01 |
0.02 |
— |
||
|
Truthful worth connected changes (5) |
0.02 |
— |
(0.53) |
||
|
Debt refinancing prices expensed (6) |
— |
— |
0.08 |
||
|
Felony-related prices (7) |
0.03 |
— |
— |
||
|
Source of revenue tax impact of non-GAAP changes (8) |
(0.09) |
(0.11) |
0.04 |
||
|
Source of revenue tax impact of valuation allowance (9) |
0.16 |
0.17 |
0.03 |
||
|
Non-GAAP internet income |
$ 0.35 |
$ 0.04 |
$ 0.32 |
||
|
Weighted reasonable selection of diluted stocks (in tens of millions) on a non-GAAP foundation |
45.5 |
45.0 |
45.4 |
||
|
ULTRA CLEAN HOLDINGS, INC. |
|||||
|
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP EFFECTIVE INCOME TAX RATE |
|||||
|
3 Months Ended |
|||||
|
September 27, 2024 |
September 29, 2023 |
June 28, 2024 |
|||
|
Provision for source of revenue taxes on a GAAP foundation |
$ 9.9 |
$ 5.3 |
$ 8.5 |
||
|
Source of revenue tax impact of non-GAAP changes (8) |
4.1 |
5.0 |
(1.9) |
||
|
Source of revenue tax impact of valuation allowance (9) |
(7.2) |
(8.2) |
(1.1) |
||
|
Non-GAAP provision for source of revenue taxes |
$ 6.8 |
$ 2.2 |
$ 5.5 |
||
|
Source of revenue ahead of source of revenue taxes on a GAAP foundation |
$ 10.2 |
$ (7.5) |
$ 30.0 |
||
|
Amortization of intangible property (1) |
7.6 |
5.5 |
7.6 |
||
|
Retain-based repayment expense (2) |
4.5 |
3.9 |
4.7 |
||
|
Restructuring fees (3) |
0.3 |
3.2 |
0.5 |
||
|
Acquisition connected prices (4) |
0.6 |
0.7 |
— |
||
|
Truthful worth connected changes (5) |
0.8 |
— |
(24.1) |
||
|
Debt refinancing prices expensed (6) |
— |
— |
3.6 |
||
|
Felony-related prices (7) |
1.3 |
— |
— |
||
|
Non-GAAP source of revenue ahead of source of revenue taxes |
$ 25.3 |
$ 5.8 |
$ 22.3 |
||
|
Efficient source of revenue tax price on a GAAP foundation |
97.1 % |
(70.7) % |
28.3 % |
||
|
Non-GAAP efficient source of revenue tax price |
27.1 % |
37.3 % |
24.7 % |
||
|
1 Amortization of intangible property connected to the Corporate’s industry acquisitions |
|||||
|
2 Represents repayment expense for inventory granted to staff and administrators |
|||||
|
3 Represents severance, retention and prices connected to facility closures |
|||||
|
4 Represents acquisition job prices |
|||||
|
5 Truthful worth changes connected to contingent attention |
|||||
|
6 Represents the 3rd birthday celebration transaction prices connected to the amended credit score oath and the in the past capitalized prices of extinguished debt |
|||||
|
7 Represents estimated prices connected to positive authorized complaints |
|||||
|
8 Tax impact of things (1) thru (7) above according to the non-GAAP tax price |
|||||
|
9 The Corporate’s GAAP tax expense is most often upper than the Corporate’s non-GAAP tax expense, essentially because of losses within the U.S. with complete federal and climate valuation allowances. The Corporate’s non-GAAP tax price and ensuing non-GAAP tax expense considers the tax implications as though there used to be negative federal or climate valuation allowance place in impact |
|||||
SOURCE Extremely Blank Holdings, Inc.
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