TTM Technologies Inc

TTMI

Equity

ISIN US87305R1095 / Valor 1127815

NASDAQ (2025-04-01)

USD 20.71+0.98%

TTM Technologies Inc
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About company

TTM Technologies Inc is a global manufacturer of printed circuit boards and provider of radio frequency and microwave components and assemblies.

Summarized from source with an LLMView SourceSector: Technology

Net Sales

TTM Technologies, Inc. reported net sales of $616.5 million for the third quarter of 2024, marking an increase from $572.6 million in the same quarter of 2023. This growth reflects the company's strong performance in its key markets, particularly in Aerospace and Defense and Data Center Computing.

GAAP Net Income

For the third quarter of 2024, TTM Technologies, Inc. achieved a GAAP net income of $14.3 million, or $0.14 per diluted share. This is a significant improvement compared to a GAAP net loss of $37.1 million, or ($0.36) per diluted share, in the third quarter of 2023.

Non-GAAP Financial Performance

On a non-GAAP basis, TTM Technologies, Inc. reported a net income of $42.7 million, or $0.41 per diluted share, for the third quarter of 2024. This compares to a non-GAAP net income of $44.9 million, or $0.43 per diluted share, in the same period of the previous year.

Cash Flow and Operational Efficiency

TTM Technologies, Inc. generated $65.1 million in cash flow from operations during the third quarter of 2024, representing 10.6% of sales. This strong cash flow performance underscores the company's operational efficiency and ability to maintain a solid balance sheet.

Business Outlook

Looking ahead to the fourth quarter of 2024, TTM Technologies, Inc. anticipates revenues to be in the range of $610 million to $650 million. The company also expects non-GAAP net income to be between $0.44 and $0.50 per diluted share, reflecting continued confidence in its market position and growth strategy.

``` Summarized from source with an LLMView Source

Key figures

36.1%1Y

40.3%3Y

115%5Y

Performance

39.2%1Y

41.3%3Y

40.8%5Y

Volatility