Clarence Granger

Chairman & Interim Chief Executive Officer, ULTRA CLEAN HOLDINGS INC

Search every verified Clarence Granger interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Clarence Granger, chairman and interim chief executive officer of Ultra Clean Holdings, discussed the company's second-quarter 2025 financial results during an earnings call on July 29, 2025. He noted that total revenue reached $518.8 million, roughly flat from the prior quarter, with services revenue increasing to $63.9 million while product revenue declined to $454.9 million. Granger attributed a modest drop in gross margin to pressures from volumes, product mix, tariffs, and manufacturing region shifts. He also reported a GAAP net loss of $162 million, which he said was heavily influenced by certain factors. During the call, Granger addressed China-related revenue, stating that it represented about 7% of total company revenue, with quarterly figures rising from approximately $21 million in Q1 to $35 million in Q2. He expressed expectations for ongoing China-for-China revenue to run at roughly $40 to $50 million per quarter. Granger also indicated cautious optimism about the fourth quarter, citing anticipated benefits from cost reductions, new business opportunities, and further integration of fluid solutions, though he declined to commit to specific Q4 revenue numbers.