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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) announced its participation in several upcoming investor conferences. The conferences include the Needham Growth Conference on January 10, 2023; Cowen Aerospace/Defense & Industrials Conference on February 16, 2023; J.P. Morgan High Yield & Leveraged Finance Conference on March 7, 2023; and J.P. Morgan Industrials Conference on March 16, 2023. Presentations will be webcast live on TTM's website, with replays available for a limited time.
TTM is a global leader in manufacturing technology solutions, including RF components and printed circuit boards.
TTM Technologies, Inc. (TTMI) has entered a multi-year agreement with Raytheon Missiles & Defense to supply radio frequency assemblies and printed circuit boards for the SPY-6 radar systems, potentially worth $500 million over five years. This agreement aims to enhance supply chain efficiencies and strengthen the partnership between TTM and Raytheon, aligning with the U.S. Navy's modernization efforts. The SPY-6 radar will provide advanced capabilities to the Navy's fleet, with full operational status expected by 2024.
TTM Technologies, Inc. (NASDAQ: TTMI), a prominent global manufacturer in technology solutions, announced participation in two upcoming investor conferences. The first is the Baird Global Industrial Conference on November 8 at the Ritz Carlton Hotel in Chicago, featuring a presentation at 1:10 PM CT. The second is the Bank of America Leveraged Finance/Credit Conference on November 29 at Boca Raton Resort, scheduled for 1:30 PM ET. Live webcasts of the presentations will be available on TTM's website, with replays accessible for a limited time.
TTM Technologies, Inc. (NASDAQ:TTMI) announced new dial-in details for its third quarter earnings call due to technical issues. The call is scheduled for November 2, 2022, at 5:00 p.m. Eastern Time, where the company will discuss its fiscal performance. Investors can access the call by dialing 1-855-282-6330 (international 415-655-0003, ID 173 703 8290), and it will also be available for streaming on TTM's website for one week post-event. TTM provides solutions in engineered systems, RF components, and advanced PCBs.
TTM Technologies reported strong third quarter fiscal 2022 results with net sales of $671.1 million, a significant increase from $556.8 million in Q3 2021. GAAP net income rose to $43.5 million or $0.42 per diluted share, compared to $21.0 million or $0.19 in the previous year. Non-GAAP net income was $57.9 million, or $0.56 per diluted share. The company generated $80.0 million in operating cash flow and $53.7 million in free cash flow. TTM expects Q4 2022 revenue between $630 million and $670 million.
TTM Technologies, Inc. (NASDAQ:TTMI) announced a conference call on November 2, 2022, at 4:30 p.m. ET to discuss its third quarter fiscal year 2022 performance. The company will release its financial results on the same day after market close. Interested parties can access the call by dialing 800-263-0877 or via the company's website, where the event will also be simulcast. This call aims to provide insights into TTM's quarterly performance and strategic direction.
TTM Technologies (NASDAQ: TTMI) has signed a distribution agreement with RFMW, a specialized distributor of RF and microwave components. This partnership aims to enhance TTM's market reach in high-frequency RF technology. TTM will offer its full range of RF&S products, including Xinger® brand items, through RFMW's distribution channels and online store. Both companies expect this collaboration to yield strong opportunities for their customer bases, leveraging RFMW's 20 years of experience in the industry.
TTM Technologies, Inc. (NASDAQ: TTMI), a prominent global manufacturer of technological solutions, announces its participation in investor conferences in August 2022. These include the Needham Virtual Industrial Tech Conference on August 8, the Jefferies Global Industrials Conference on August 10 at 11:30 PM Eastern Time, and the Jefferies Semis, IT Hardware & Communication Infrastructure Summit on August 30 in Chicago. Live webcasts of the presentations will be available on their website, with replays accessible for a limited time.
TTM Technologies, Inc. (NASDAQ: TTMI) reported strong financial results for Q2 2022, with net sales of $625.6 million, up from $567.4 million year-over-year. GAAP net income was $27.8 million ($0.27 per diluted share), slightly lower than $28.3 million in Q2 2021. However, non-GAAP net income rose to $55.3 million ($0.54 per diluted share), exceeding the previous year's $40.0 million. The company completed the acquisition of Telephonics and commenced a manufacturing facility in Malaysia, enhancing growth in the Aerospace and Defense market. TTM anticipates Q3 revenue between $655 million and $695 million.
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