Services Business Growth
Revenue from the services business increased from $59.8 million in Q4 to $61.6 million in Q1, primarily from two of their top customers.
Localized Supply Chain Strategy Success
UCT has initiated a localized supply chain strategy to mitigate future supply chain disruptions post-COVID, ensuring faster market responsiveness and enhanced resilience by securing reliable local supply sources for global sites.
Cash Flow Improvement
Cash flow from operations was $28.2 million compared to $17.1 million last quarter, mostly due to working capital efficiency and tight inventory control.
Arizona Fab Acceleration
The accelerated ramp of the Arizona fab owned by the world's largest chip maker is scaling up twice as fast as originally planned, benefiting UCT's services business.
Investment in Capacity and Operational Efficiencies
Strategic investments in capacity and operational efficiencies at global sites are expected to maximize profitability as utilization increases with demand.