Welcome to our dedicated page for TTM Technologies news (Ticker: TTMI), a resource for investors and traders seeking the latest updates and insights on TTM Technologies stock.
TTM Technologies Inc (NASDAQ: TTMI) is a leading global manufacturer specializing in advanced technology solutions. Based in the United States, the company operates with a significant global footprint, employing over 30,000 individuals across various factories and offices worldwide. TTM stands for 'Time-To-Market,' reflecting the company's commitment to providing time-critical, one-stop manufacturing services that enable customers to bring new products to market more swiftly.
TTM Technologies focuses on manufacturing printed circuit boards (PCBs), which are essential components in a wide array of products, from cutting-edge smartphones to advanced radar systems used in military aircraft and ships. The company operates in two main segments: Printed Circuit Boards and RF&S Components. The Printed Circuit Boards segment, which generates the majority of TTM's revenue, offers a diverse range of PCBs, along with layout design, simulation, and testing services. The RF&S Components segment specializes in radio frequency (RF) components, RF microwave, and microelectronic assemblies, supporting industries such as aerospace, telecommunications, and medical fields.
TTM Technologies has achieved notable success in various markets, including networking, telecommunications, computing, aerospace, and medical fields. The company's recent achievements include the groundbreaking for a new high-tech manufacturing facility in Syracuse, New York, which is expected to bring an estimated 400 new jobs and support the domestic production of ultra-high density interconnect (HDI) PCBs, crucial for national security requirements.
Financially, TTM reported net sales of $572.6 million for the third quarter of 2023. Despite a slight decrease from previous years, the company exhibited strong performance in non-GAAP measures, with net income of $44.9 million. Additionally, TTM has demonstrated a solid balance sheet, enabling stock repurchase while maintaining a net leverage ratio of 1.5x. For the fourth quarter of 2023, the company projects revenues between $550 million and $590 million.
In terms of partnerships and projects, TTM continues to collaborate closely with New York State to fortify its position as a premier technology hub. The company's investment in the Syracuse facility aligns with New York's emphasis on bolstering the U.S. electronics sector, supporting federal initiatives like the Tech Hub designation for the Buffalo-Rochester-Syracuse area.
Looking ahead, TTM Technologies remains focused on expanding its capabilities and market presence, leveraging its robust infrastructure and skilled workforce to drive innovation and growth in the technology manufacturing sector. With ongoing projects and a commitment to sustainability and efficiency, TTM is poised to remain a key player in the global technology landscape.
TTM Technologies (NASDAQ: TTMI) has expanded its RF&S product portfolio with 18 new components supporting telecom band n104 for 5.5G applications. The new product family includes balun transformers, hybrid couplers, power dividers, RF crossovers, and terminations, specifically designed for the 6.4 – 7.2 GHz band.
These components offer superior performance and cost-effectiveness while maintaining the industry-standard Xinger® brand reliability. The product specifications vary in size from 0603 (1.6mm x 0.8mm) to 1220 (5.8mm x 3.1mm), with power handling capabilities ranging from 1W to 40W average.
TTM Technologies (NASDAQ: TTMI), a global manufacturer of technology solutions, announces its participation in the 2024 International Electronics Circuit Exhibition in Shenzhen, China, from December 4-6, 2024. The company will exhibit at Hall 7, Booth #7D20 in the Shenzhen World Exhibition & Convention Center.
Under the theme 'AI Powers the Future', TTM will conduct technical seminars featuring innovative engineering and product solutions. The company introduces innovation exchange sessions covering topics like '112 Gbps and Beyond' and 'PCBs for High Voltage Applications'. The event serves as a platform for TTM to showcase its latest innovations and engage with customers and partners in the electronics industry.
TTM Technologies (NASDAQ: TTMI) has announced its management team's participation in three upcoming investor conferences. The team will attend the Stifel Midwest 1x1 Conference on November 7th at Chicago's Waldorf-Astoria Hotel, the BofA Securities Leveraged Finance Conference on December 3rd in Boca Raton with a presentation at 2:50 PM ET, and the UBS Global Industrials & Transportation Conference on December 4th in Palm Beach, presenting at 9:30 AM ET.
TTM Technologies (NASDAQ: TTMI) reported Q3 2024 results with net sales of $616.5 million, up from $572.6 million in Q3 2023. The company posted GAAP net income of $14.3 million ($0.14 per diluted share) and non-GAAP net income of $42.7 million ($0.41 per diluted share). Operating performance was marked by strong cash flow from operations at $65.1 million (10.6% of sales) and a book-to-bill ratio of 1.20. The A&D program backlog reached a record $1.49 billion. For Q4 2024, TTM forecasts revenues between $610-650 million and non-GAAP earnings of $0.44-0.50 per diluted share.
TTM Technologies, Inc. (NASDAQ:TTMI) has announced its upcoming third quarter 2024 conference call, scheduled for Wednesday, October 30, at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time. The company will discuss its Q3 2024 performance during this call. Participants can access the conference by registering through a provided link, which will furnish dial-in information and a unique PIN.
Additionally, the call will be simulcast on TTM Technologies' website, accessible via a separate link. The webcast will remain available for one week after the live event. Importantly, TTM Technologies plans to release its Q3 2024 financial results after market close on October 30, 2024, prior to the conference call.
TTM Technologies (NASDAQ: TTMI) has been awarded Cisco's 2024 Supply Chain Security Champion award at Cisco's annual Supplier Appreciation Event. This prestigious recognition highlights TTM's commitment to securing Cisco's intellectual property and protecting its brand through robust security measures in their operations and supply chain.
Marco De Martin, SVP of Global Supplier Management at Cisco, emphasized the important role of suppliers in providing innovative technology for Cisco's customers. Doug Soder, EVP of TTM's Commercial Sector, expressed gratitude for the recognition, attributing it to the outstanding efforts of TTM's IT and Operations teams.
The event, marking its 33rd consecutive year, served as a platform for Cisco to share strategic priorities with its global supplier network and celebrate exceptional performances in FY24. TTM Technologies is a leading global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and printed circuit boards.
TTM Technologies, Inc. (NASDAQ: TTMI) has unveiled two new Xinger® Ultra Wide Band Balun Transformers designed for efficient signal conversion. The XMB0220K1-50100G (0.18 – 1.9 GHz) and XMB0465Z1-50100G (0.4 – 6.5 GHz) are ultra-compact, low-profile broadband balanced to unbalanced transformers suitable for diverse end markets, including Test and Measurement, Telecom, COTS Military and Aerospace, 5G, LTE, and Aero Radar.
These transformers offer Common-Mode Rejection Ratio, enabling single-ended signals to be applied to differential ports on various devices. The XMB0220K1-50100G is ideal for Test and Measurement, Telecom, and COTS Mil-Aero applications, while the XMB0465Z1-50100G is suitable for high-level integrations in 5G, LTE, Aero Radar, and L, S & C-Band markets.
Both products are now available for sampling through ttm.com and will be available for purchase later this fall.
TTM Technologies (NASDAQ: TTMI) has announced its participation in three upcoming investor conferences. The company's management team will attend:
- The Needham Virtual Industrial Technology, Robotics, and Clean Tech 1x1 Conference on August 19th-20th
- The Jefferies Semiconductor, IT Hardware and Communications Technology Conference on August 27th at the Four Seasons Hotel in Chicago
- The Jefferies Industrials Conference on September 4th at the Westin Times Square Hotel in New York, where they will give a presentation at 1:55pm Eastern Time
These conferences provide opportunities for TTM Technologies to engage with investors and showcase their latest developments in the technology and industrial sectors.
TTM Technologies (NASDAQ: TTMI) reported strong Q2 2024 results, with net sales of $605.1 million, up from $546.5 million in Q2 2023. The company posted GAAP net income of $26.4 million ($0.25 per diluted share) and non-GAAP net income of $40.1 million ($0.39 per diluted share). Cash flow from operations was $41.9 million.
Key highlights include:
- Repurchased 1.39 million shares for $25.1 million
- Anticipated refinancing of $346.5 million senior secured term loan at SOFR + 2.25%
- Strong demand in Aerospace and Defense and Data Center Computing markets
- Q3 2024 revenue guidance: $580-$620 million
- Q3 2024 non-GAAP EPS guidance: $0.37-$0.43
TTM Technologies will host a conference call on July 31, 2024, at 1:00 p.m. Eastern Time to discuss their Q2 2024 performance. The call will be accessible via a registration link provided by the company. Participants will receive dial-in information and a unique PIN upon registration. The webcast will also be available on TTM Technologies' website and remain accessible for one week post-event. The company will release its Q2 2024 financial results before the market opens on the same day.
FAQ
What is the current stock price of TTM Technologies (TTMI)?
What is the market cap of TTM Technologies (TTMI)?
What does TTM Technologies Inc specialize in?
Where is TTM Technologies Inc based?
What are the main segments of TTM Technologies?
In which industries are TTM Technologies' products used?
What are the recent financial highlights of TTM Technologies?
What is TTM Technologies' latest project?
What does 'TTM' in TTM Technologies stand for?
How does TTM Technologies support national security?
What is the workforce size of TTM Technologies?
What are TTM Technologies' future financial projections?
