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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) reported fourth quarter 2021 net sales of $598.1 million, up from $523.8 million in Q4 2020. GAAP net income fell to $8.4 million or $0.08 per diluted share, down from $39 million or $0.34 per diluted share in the previous year. For the full year 2021, net sales increased by 6.8% to $2.25 billion. Non-GAAP net income for 2021 was $138 million, or $1.28 per diluted share. TTM estimates Q1 2022 revenue between $540 million and $580 million with non-GAAP net income ranging from $0.20 to $0.26 per diluted share.
TTM Technologies, Inc. (NASDAQ:TTMI) will host a conference call on February 9, 2022, at 4:30 p.m. ET to discuss its fourth quarter and fiscal year 2021 performance. The call can be accessed by dialing 888-394-8218 or internationally at 323-794-2588, with an ID of 1667874. Financial results will be released after market close on the same day. TTM specializes in manufacturing advanced printed circuit boards and RF components, allowing customers to bring products to market faster. Further details can be found on TTM's website.
TTM Technologies, Inc. (NASDAQ:TTMI), a global leader in printed circuit board and RF components manufacturing, will present at three upcoming investor conferences. The events include the Needham Virtual Growth Conference on January 11, 2022, at 12:30 PM ET, the Cowen Virtual Aerospace/Defense and Industrials Conference on February 10, 2022, at 2:20 PM ET, and the J.P. Morgan Global High Yield and Leveraged Finance Conference in Miami on March 1, 2022, at 2:45 PM ET. All presentations will be accessible via live webcast on TTM's website, with replays available post-event.
TTM Technologies, Inc. (NASDAQ:TTMI), a leader in printed circuit board (PCB) manufacturing, has announced its participation in two virtual investor conferences. The first is the Baird Global Industrial Conference on November 9 at 3:45 PM Eastern Time, followed by the Bank of America Leveraged Finance Conference on November 30 at 3:00 PM Eastern Time. Both presentations will be available via live webcast on the company’s website, with a replay accessible afterward. TTM focuses on advanced PCBs and RF components, enabling customers to expedite product development.
TTM Technologies, Inc. (NASDAQ:TTMI) reported third-quarter 2021 net sales of $556.8 million, up from $513.6 million in Q3 2020. The company achieved a GAAP net income of $21.0 million ($0.19 per diluted share), contrasting with a loss of $61.5 million in the prior year. Non-GAAP net income rose to $36.5 million ($0.34 per diluted share). Adjusted EBITDA was $68.6 million (12.3% of sales). TTM anticipates Q4 revenue between $530 million and $570 million, citing increased costs and potential power rationing as challenges.
TTM Technologies, Inc. (NASDAQ:TTMI) will host a conference call on October 27, 2021, at 4:30 p.m. ET to discuss its third quarter fiscal year 2021 performance. Investors can access the call by dialing 800-263-0877 or 323-794-2094 (ID 8701149). The call will also be available via the company's website and will remain accessible for one week following the event. TTM will release its financial results after the market closes on the same day.
TTM Technologies, Inc. (Nasdaq: TTMI) was awarded the Asia Talent Development Award by IPC at the CEMAC 2021 conference, recognizing its Asia internship program. Launched in 2020, the program offers valuable work experience for students from Asia Pacific and North America. This six-month program includes mentorship and career consultation, aiming to foster future leaders in the electronics industry. Intern Qiu Gaohong was named the Best Intern and received a scholarship from IPC Asia. TTM plans to expand the program following positive feedback.
SANTA ANA, Calif., July 29, 2021 - TTM Technologies, Inc. (NASDAQ:TTMI), a leader in printed circuit board (PCB) manufacturing, announced participation in several upcoming virtual investor conferences. The events include the Jefferies Industrials Conference on August 3 at 3:00 PM ET, the Needham Industrial Technologies 1x1 Conference on August 9, and the Jefferies Semiconductor, IT, Hardware and Communications Infrastructure Summit on August 31. Each presentation will be webcast live on TTM's website, with replays available for a limited time.
TTM Technologies, Inc. (NASDAQ:TTMI) reported second quarter 2021 results, revealing net sales of $567.4 million, a slight decrease from $570.3 million in the prior year. The company achieved a GAAP net income of $28.3 million, or $0.26 per diluted share, significantly up from $9.3 million, or $0.09 per diluted share, a year earlier. Non-GAAP net income was reported at $40.0 million, or $0.36 per diluted share. Despite challenges from COVID-19, operating cash flow was strong at $56.9 million. Looking ahead, TTM expects third quarter revenues between $530 million to $570 million.
TTM Technologies, Inc. (NASDAQ:TTMI) will host a conference call on July 28, 2021, at 4:30 p.m. ET to discuss its second quarter fiscal year 2021 performance. The financial results will be released after market close the same day. Investors can access the call by dialing 800-367-2403 or internationally at 334-777-6978 (ID 3384553), and it will also be available via simulcast on the company's website for one week post-event. TTM is a leading global printed circuit board manufacturer, known for its quick-turn and volume production services.
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