UCTT - Ultra Clean Holdings: Recovery For Real Margins Look Sluggish
2024-05-20 11:20:50 ET
Summary
- Ultra Clean Holdings, Inc. has seen revenue growth return, but margins are lagging in a huge way.
- Margin challenges are real, as cost control seems to be an issue here.
- Given this dynamic, and shares pricing in a lot of good news, I am leaning cautious here, tempted to take profits.
In November, I believed that shares of Ultra Clean Holdings, Inc. ( UCTT ) were muddling through. The company has seen sluggish sales and while they were down from the peak, I was notably downbeat because of the severe margin pressure associated with the revenue declines....
Ultra Clean Holdings: Recovery For Real, Margins Look Sluggish