Ultra Clean Holdings Inc
For the period ended Jun 28, 2024. Filed Jul 26, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 28, 2024 · Filed Jul 26, 2024
Contents
Reportable Segments
- REPORTABLE SEGMENTS
The Company prepares financial results based onthree operating segments (Products, Services, and HIS) andtwo reportable segments (Products and Services). The Products and HIS operating segments have been aggregated into the Products reportable segment based upon consistency of economic characteristics, nature of products, similarity of production process, and class of customers. The Company’s Chief Executive Officer (chief operating decision maker) views and evaluates operations based on the results of each of the operating segments. The following table describes each reportable segment:
| Segment | Product or Services | Primary Markets Served | Geographic Areas |
|---|---|---|---|
| Products | AssemblyWeldmentsMachiningFabrication | Semiconductor | AmericasAsia PacificEMEA |
| Services | CleaningAnalyticsCoating | Semiconductor | AmericasAsia PacificEMEA |
The Company uses segment profit or loss as the primary measure of profitability to evaluate operating performance and to allocate capital resources. Segment profit or loss is defined as a segment’s income or loss from continuing operations before other income and income taxes included in the accompanying Condensed Consolidated Statements of Operations.
Any intercompany sales and associated profit (and any other intercompany items) are eliminated from segment results. There were no significant intercompany eliminations for the periods presented.
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Segment Data
| Three Months Ended · Six Months Ended | ||||||
|---|---|---|---|---|---|---|
| (In millions) · June 28,2024 · June 30,2023 · June 28,2024 · June 30,2023 | ||||||
| Revenues: | ||||||
| Products | $452.7 | $362.5 | $871.2 | $731.1 | ||
| Services | 63.4 | 59.0 | 122.7 | 123.7 | ||
| Total segment revenues | $516.1 | $421.5 | $993.9 | $854.8 | ||
| Gross margin: | ||||||
| Products | $68.8 | $51.4 | $133.2 | $104.9 | ||
| Services | 19.7 | 16.7 | 37.9 | 36.2 | ||
| Total segment gross margin | $88.5 | $68.1 | $171.1 | $141.1 | ||
| Income from operations: | ||||||
| Products | $18.8 | $10.8 | $33.5 | $19.5 | ||
| Services | 4.1 | 1.8 | 6.7 | 5.5 | ||
| Total segment income from operations | $22.9 | $12.6 | $40.2 | $25.0 | ||
| (In millions) | June 28,2024 | December 29,2023 | ||||
| Assets | ||||||
| Products | $1,659.6 | $1,617.5 | ||||
| Services | 267.7 | 250.2 | ||||
| Total segment assets | $1,927.3 | $1,867.7 | ||||
Long-lived assets comprised of operating lease right-of-use assets and property, plant and equipment, net, reported based on the location of the asset. The carrying amount of long-lived assets in United States, Malaysia, Israel, South Korea and other foreign countries were $177.5 million, $84.0 million, $75.4 million, $49.0 million and $101.9 million, respectively as of June 28, 2024, and $165.4 million, $84.3 million, $74.3 million, $54.3 million and $101.7 million, respectively as of December 29, 2023.
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