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Overview of TTM Technologies Inc
TTM Technologies Inc (TTMI) is a global manufacturer of advanced technology solutions with an unwavering focus on printed circuit boards (PCBs) and radio frequency (RF) components. The company provides high-technology manufacturing services that serve as the electronic backbone for a wide variety of products, ranging from sophisticated smart devices and computerized vehicles to critical aerospace defense systems and modern communication networks. With deep expertise in industrial-grade PCBs and RF/microelectronic assemblies, TTM ensures that products across telecommunications, computing, aerospace, and medical sectors perform reliably and efficiently.
Core Business Areas and Services
TTM organizes its operations into two primary segments: the Printed Circuit Boards segment and the RF & S Components segment. The printed circuit boards segment is at the heart of the company's revenue, offering not only a variety of technologically advanced PCBs but also essential value-added services such as layout design, simulation, and rigorous testing procedures. The RF & S Components segment encompasses specialized radio frequency components, microwave assemblies, and microelectronic solutions that cater to critical applications in both commercial and defense sectors.
Industry Impact and Competitive Position
At its core, TTM Technologies stands as a vital partner in the supply chains of industries that demand fast time-to-market solutions combined with uncompromised quality. Its integrated manufacturing processes and one-stop service model are designed to reduce product development cycles, enabling companies to bring innovative products to market quickly. As a firm immersed in high-performance sectors such as aerospace, defense, and data center computing, TTM maintains a strategic competitive edge through operational excellence and a robust global footprint that spans manufacturing facilities and corporate offices.
Operational Excellence and Technological Prowess
TTM Technologies is recognized for its ability to deliver custom technology solutions that cater to complex, time-critical demands. The company emphasizes engineering precision and process optimization, which are critical to ensuring the superior quality of its PCBs and RF components. Through continuous investment in cutting-edge technologies and manufacturing innovations, TTM supports advanced applications such as next-generation telecommunication networks and sophisticated radar and mission systems used in military aircraft and naval vessels.
Applications and Market Reach
The expansive utility of TTM’s products spans several high-growth market segments. In the telecommunications arena, the company's PCBs form the circuit foundation for modern smartphones and network infrastructure. In the aerospace and defense sectors, TTM’s RF components enable robust and secure communication systems essential for defense and surveillance. Moreover, the contributions of TTM extend to computing, where precision-engineered PCBs and RF assemblies underpin reliable performance in data centers and advanced computing systems, as well as medical devices that demand stringent quality and reliability standards.
Commitment to Quality and Customer Collaboration
TTM Technologies builds its reputation on fundamental values such as honesty, integrity, performance, and clear communication. By fostering a collaborative culture across various disciplines—including manufacturing, engineering, quality assurance, supply chain management, and corporate services—TTM ensures that its comprehensive solutions are both innovative and reliable. This customer-first approach solidifies TTM's role as an essential component of the broader technology ecosystem.
Strategic Market Position and Value Proposition
Positioned within a dynamic and competitive industry landscape, TTM Technologies leverages its unparalleled technical expertise, global manufacturing capabilities, and rapid production cycles to meet the demands of an increasingly interconnected world. Its value proposition is defined by the ability to deliver time-critical, high-quality technology solutions that empower companies to innovate faster while maintaining high standards of performance and operational efficiency.
Conclusion
In summary, TTM Technologies Inc is a highly proficient manufacturer of printed circuit boards and RF components that serves a diverse array of industries. With its advanced manufacturing processes, extensive range of value-added services, and commitment to operational excellence, TTM remains a central player in the global technology supply chain. The company continuously demonstrates its expertise and reliability, ensuring that its customers receive high-quality products designed for the most demanding applications.
TTM Technologies, Inc. (NASDAQ:TTMI) will host a conference call on February 3, 2021, at 4:30 p.m. Eastern Time to discuss its fourth quarter and fiscal year 2020 performance. The financial results will be released after market close on the same day. Interested parties can access the call by dialing 800-458-4121 or internationally at 323-794-2093. The event will also be streamed on TTM's website, remaining available for a week post-event. TTM is a leading manufacturer of printed circuit boards, emphasizing quick-turn and volume production.
TTM Technologies announced its participation in several upcoming virtual investor conferences in January and March 2021. The events include:
- The Needham Growth Conference on January 12 at 11:30 AM ET;
- The Cowen Aerospace/Defense and Industrials Conference on February 9 at 2:20 PM ET;
- The J.P. Morgan Global High Yield and Leveraged Finance Conference on March 1 at 4:15 PM ET;
- The Truist Securities Technology, Internet & Services Conference on March 9.
All presentations will be webcast live on TTM's website, with replays available shortly after.
TTM Technologies (NASDAQ:TTMI) has successfully repaid its 1.75% Senior Convertible Notes totaling approximately $250 million on December 15, 2020. This was achieved through a Combination Settlement, resulting in the delivery of about 5.3 million shares of Common Stock to noteholders opting for conversion. TTM's financial discipline has enabled it to repay $400 million of its Term Loan B in July 2020. With no outstanding convertible bond obligations, TTM's balance sheet is strengthened, positioning the company favorably for future growth.
TTM Technologies (NASDAQ: TTMI) announced its participation in the 2020 International Electronics Circuit Exhibition in Shenzhen, China, from December 2-4. The event focuses on 5G and smart technology, featuring TTM's interactive presentations on PCB capabilities in telecom, signal integrity for 5G, and applications in ADAS. TTM introduced a 'beyond boundaries' exhibition solution to engage customers unable to attend due to COVID-19, showcasing their innovative technologies. Senior VP Kent Hardwick emphasized TTM's commitment to meeting customer needs through unique solutions.
TTM Technologies, Inc. (NASDAQ: TTMI), a top printed circuit board and RF components manufacturer, announced its management team will participate in three upcoming investor conferences. The conferences include the Baird Global Industrial Conference on November 12, 2020, at 3:10 PM ET, the Stifel Midwest One-on-One Growth Conference on the same day, and the Barclays Global Technology, Media and Telecom Conference on December 10, 2020. Live webcasts of these presentations will be available on TTM's website, with replays accessible for a limited time.
TTM Technologies, Inc. (TTMI) reported a net loss of $41.5 million for Q3 2020, reflecting a significant decline from a net income of $15.9 million in Q3 2019. Net sales were $513.6 million, down from $534.2 million a year prior. The company's non-GAAP net income increased to $26.8 million, or $0.25 per diluted share, compared to $23.2 million, or $0.22 per diluted share, in the same quarter last year. The company has provided a revenue outlook for Q4 2020 between $490 million and $530 million. TTM's leverage ratio stands at 1.6x as of September 28, 2020.
TTM Technologies (NASDAQ: TTMI) will host a conference call on October 28, 2020, at 4:30 p.m. ET to discuss its Q3 2020 financial performance. The call can be accessed by dialing 800-367-2403 (or 334-777-6978 for international callers) with ID 9148146. Additionally, the call will be available via simulcast on www.ttm.com and will remain accessible for a week post-event. TTM Technologies focuses on advanced printed circuit board manufacturing and aims to support customers in reducing the time-to-market for new products.
TTM Technologies, Inc. (NASDAQ:TTMI) reported strong second quarter results for fiscal 2020, with GAAP net sales reaching $570.3 million and net income of $192.8 million, benefiting from a $183.1 million gain from the sale of its Mobility business unit. Non-GAAP net sales were $601.1 million, with a net income of $33.3 million. Adjusted EBITDA was $80.3 million. Despite challenges from COVID-19, TTM expects third quarter revenue between $470 million and $510 million. The company continues to maintain operational efficiency with all facilities active.
TTM Technologies (NASDAQ: TTMI) will hold a conference call on July 29, 2020, at 4:30 PM ET to discuss its second-quarter performance. Financial results will be released after market close on the same day. Interested parties can join the call by dialing 800-367-2403 or 334-777-6978 internationally, with an identification number of 9715005. The call will also stream live on TTM's website, remaining available for one week post-event.
TTM Technologies, Inc. (NASDAQ:TTMI) has announced its management team's participation in several upcoming virtual investor conferences. The presentations include:
- J.P. Morgan Technology, Media, and Communications Conference on May 12, 2020, at 4:10 PM ET;
- Needham Technology and Media Conference on May 19, 2020, at 1:45 PM ET;
- Baird Global Consumer, Technology and Services Conference on June 3, 2020, at 3:10 PM ET;
- Stifel Cross Sector Insight Conference on June 9, 2020.
Live webcasts will be available on TTM's website, with replays accessible later.
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