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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 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.
TTM Technologies (NASDAQ:TTMI) announced the appointment of Ms. Pamela B. Jackson as a Class III director, pending approval from the United States Defense Counterintelligence and Security Agency. Ms. Jackson's extensive experience includes her role as Vice President of Technology at Emerson Electric Company, where she led product development and engineering initiatives. Her onboarding is expected to enhance TTM's Board capabilities, especially as the company aims to grow its design-to-specification business. Ms. Jackson holds multiple degrees, including from MIT and Boston University.
TTM Technologies, Inc. (NASDAQ: TTMI) announced the retirement of Robert E. Klatell as Chairman of the Board, in accordance with the mandatory retirement policy for Directors at age 75. Klatell served as a Director since 2004 and Chairman since 2005. Rex D. Geveden, appointed as the new Chairman, has been a Director since 2018 and is currently the President and CEO of BWX Technologies. His background in industrial technology and the aerospace sector is expected to enhance the Board’s capabilities as TTM focuses on strengthening its position in the PCB industry.
TTM Technologies, Inc. (Nasdaq: TTMI) has been honored with the "25-years Special Contribution Suppliers" award by United Automotive Electronic Systems Co., Ltd. (UAES) for its consistent support and quality in providing PCB solutions. This recognition highlights TTM's long-standing partnership with UAES, dating back to 1999, and its role in delivering innovative products and services. The award was presented at the UAES Supplier Conference on March 12, 2021. TTM aims to continue its collaborative growth with UAES while emphasizing its commitment to customer satisfaction.
SANTA ANA, Calif., May 10, 2021 – TTM Technologies, Inc. (NASDAQ:TTMI), a global leader in printed circuit boards and RF components, announced its management will attend several upcoming virtual investor conferences. Key events include: the Goldman Sachs Credit and Leveraged Finance Conference on May 17 at 2:55 PM ET, the Needham Technology and Media Conference on May 18 at 3:00 PM ET, and more. All presentations will be available for live streaming on the company's website, with replays accessible for a limited time.
TTM Technologies, Inc. (TTMI) reported first quarter fiscal 2021 net sales of $526.4 million, up from $497.6 million in Q1 2020. The company recorded a GAAP net loss of $3.2 million or ($0.03) per diluted share. Non-GAAP net income was $25.3 million, or $0.23 per diluted share, exceeding last year's $16.7 million. TTM generated $41.1 million in cash flow from operations and successfully completed a $500 million Senior Notes offering, enhancing its financial position. Looking ahead, TTM anticipates revenue between $525 million and $565 million for Q2 2021.
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