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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.
Griffon Corporation (NYSE:GFF) has agreed to sell Telephonics Corporation to TTM Technologies, Inc. (NASDAQ:TTMI) for $330 million in cash. This transaction aims to enhance long-term shareholder value by strengthening Griffon's balance sheet and refocusing its resources on core businesses. The deal is expected to close in the second calendar quarter of 2022, pending regulatory approvals. Lazard and J.P. Morgan are serving as financial advisors for Griffon and TTM, respectively.
TTM Technologies (NASDAQ: TTMI) announced its agreement to acquire Telephonics Corporation for approximately $330 million in cash from Griffon Corporation. This acquisition aims to enhance TTM's capabilities in the Aerospace and Defense market by expanding its product offerings into engineered system solutions and surveillance communications. Expected benefits include deepening relationships with defense customers and an increase in revenues from the Aerospace and Defense segment, projected to reach 40% of total revenues, or about $1 billion. The deal is anticipated to be immediately accretive to non-GAAP EPS.
TTM Technologies, Inc. (NASDAQ:TTMI) is set to discuss its first quarter fiscal year 2022 performance during a conference call on May 4, 2022, at 4:30 p.m. ET. The company will release its financial results after market close on the same day. Investors can participate by dialing 888-220-8474 or 323-794-2588 for international access. The call will also be available for a week on the company's website. TTM Technologies specializes in advanced printed circuit boards and aims to reduce time-to-market for product development.
TTM Technologies (NASDAQ: TTMI) has enhanced its Xinger® brand by launching new high power couplers tailored for 5G MIMO and O-RAN applications. The new products, covering sub-6GHz 5G bands (1.7GHz – 6.3GHz) include models X4C20J1-03G to X4C55J1-03G, known for their compact size (2mm x 1.6mm) and superior performance with low insertion loss and 5W power handling. This expansion reflects TTM's commitment to meet customer demands for high-performance solutions. The couplers are available through authorized distributors including Richardson RFPD, Digi-Key, and Mouser.
TTM Technologies (NASDAQ: TTMI) announced plans to establish a new, automated printed circuit board (PCB) manufacturing facility in Penang, Malaysia. This initiative responds to customer demands for supply chain resilience and diversification, particularly in advanced multi-layer PCB sourcing. The $130 million investment is expected to yield $180 million in revenue by 2025, with production commencing in 2024. The facility aims to support commercial sectors like networking, medical, and industrial, enhancing TTM's competitive edge outside of China.
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.
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