Ultra Clean announces third-quarter results

Ultra Clean Holdings, a developer and supplier of critical subsystems, has announced that revenue for the third quarter of 2010 was $118.5m (£75.2m) − an increase of 12 per cent from second-quarter 2010 and 186.7 per cent from the same period a year ago. 

Gross margin for the third quarter was 14.5 per cent, compared with 14 per cent for second-quarter 2010 and 7.9 per cent for the same period a year ago.

The company recorded net income of $6.7m, or $0.29 per share, compared with net income of $5.7m, or $0.25 per share, for second-quarter 2010 and a net loss of $1.4m, or $0.07 per share, for the third quarter of 2009.