Ultra Clean Holdings, Inc.
For the period ended Mar 27, 2026. Filed Apr 29, 2026.
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.
Mar 27, 2026 · Filed Apr 29, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheet Information
- BALANCE SHEET INFORMATION
Accounts Receivable Factoring Agreement
The Company has a receivables factoring arrangement pursuant to which certain receivables are sold to a bank without recourse in exchange for cash. Transactions under this arrangement are accounted for as sales under ASC 860, Transfers and Servicing of Financial Assets, with the sold receivables removed from the Company’s balance sheet. Under this arrangement, the Company does not maintain any beneficial interest in the receivables sold, and the bank’s purchase of eligible receivables is subject to a maximum amount of $25.0 million of uncollected receivables originated within the
- 10 -
United States. The Company services the receivables on behalf of the bank but otherwise maintains no significant continuing involvement with respect to the receivables. Sale proceeds, which are representative of the fair value of factored receivables, less a factoring fee, are reflected in cash flows from operating activities in the Condensed Consolidated Statements of Cash Flows, and the Company did not receive any proceeds in excess of the fair value of factored receivables during the periods presented. During the three-month period ended March 27, 2026, the Company received cash proceeds of $19.0 million from the sales of accounts receivables under this arrangement. As of March 27, 2026, $19.0 million of receivables factored under these arrangements had been sold and removed from the Company’s Consolidated Balance Sheets.
Inventories
Inventories consisted of the following:
| (In millions) | March 27,2026 | December 26,2025 |
|---|---|---|
| Raw materials | $267.0 | $208.3 |
| Work in process | 178.8 | 148.4 |
| Finished goods | 36.1 | 34.2 |
| Total | $481.9 | $390.9 |
Property, plant and equipment, net
Property, plant and equipment, net, consisted of the following:
| (In millions) | March 27,2026 | December 26,2025 |
|---|---|---|
| Land | $5.7 | $5.9 |
| Buildings | 53.3 | 54.3 |
| Leasehold improvements | 149.9 | 148.1 |
| Machinery and equipment | 238.3 | 236.8 |
| Computer equipment and software | 96.8 | 95.9 |
| Furniture and fixtures | 4.3 | 4.2 |
| 548.3 | 545.2 | |
| Accumulated depreciation | (252.9) | (243.0) |
| Construction in progress | 24.0 | 22.4 |
| Total | $319.4 | $324.6 |
Capitalized interest was not significant for the three months ended March 27, 2026, or for the fiscal year ended December 26, 2025.
- 11 -
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.