Dec 3, 2024 2:50 pm EST
Revenue of $616.5M above the midpoint of guidance of $580 - $620M
GAAP EPS of $0.14
Non - GAAP EPS of $0.41 inline with the guided range of $0.37 - $0.43, inclusive of a $17.8M pre-tax, non-operational foreign exchange loss
Cash flow from operations of $65.1M, or 10.6% of revenues
Cash balance of $469.5M. Net leverage defined as net debt divided by last twelve months of EBITDA at 1.4x.
Book to bill of 1.20 for the third quarter
A&D program backlog a record $1.49 billion
Expect Q4 revenues of $610 to $650M and non - GAAP EPS of $0.44 to $0.50
*Non-GAAP Financial Measures. View full reconciliation in our Q3'24 earnings press release.
For complete information regarding our financials, see our periodic filings
For Fiscal Year Ending Jan 1, 2024
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TTM Technologies, Inc. is a leading global manufacturer of technology solutions including mission systems, RF components and RF microwave/microelectronic assemblies, and quick turn and technologically advanced PCBs. TTM stands for time-to-market, representing how the company’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market.
A leading global manufacturer of technology solutions including mission systems, radio frequency ("RF") components and RF microwave/microelectronic assemblies, and printed circuit boards ("PCBs")
Specialized facilities in North America & Asia Pacific
Employees
Customers
FY 2023 Net Sales by End Market
| Segments | Percentages |
|---|---|
| Aerospace and Defense | 45% |
| Automotive | 16% |
| Data Center Computing | 14% |
| Medical/Industrial/Instrumentation | 17% |
| Networking/Communications | 8% |
| Other | 0% |
As of May 2024 • May 2024 Investor Presentation
Revenues
(in millions)
| Fiscal Year | Amount (in millions) |
|---|---|
| 2020 | $2,105 |
| 2021 | $2,249 |
| 2022 | $2,495 |
| 2023 | $2,233 |
As of May 2024 • May 2024 Investor Presentation
Non-GAAP Operating Margin1
| Fiscal Year | Operating Margin |
|---|---|
| 2020 | 8.6% |
| 2021 | 8.4% |
| 2022 | 9.4% |
| 2023 | 8.9% |
As of May 2024 • May 2024 Investor Presentation
1 All TTM financials are reported non-GAAP. View full reconciliation in our May 2024 Investor Presentation.
Non-GAAP EPS1
| Fiscal Year | Amount |
|---|---|
| 2020 | $1.10 |
| 2021 | $1.28 |
| 2022 | $1.74 |
| 2023 | $1.33 |
As of May 2024 • May 2024 Investor Presentation
1 All TTM financials are reported non-GAAP. View full reconciliation in our May 2024 Investor Presentation.
Cash Flows from Ops
(in millions)
| Fiscal Year | Amount (in millions) |
|---|---|
| 2020 | $248 |
| 2021 | $177 |
| 2022 | $273 |
| 2023 | $187 |
As of May 2024 • May 2024 Investor Presentation
Cash Flows from Ops (%rev)
| Fiscal Year | % Rev |
|---|---|
| 2020 | 11.8% |
| 2021 | 7.9% |
| 2022 | 10.9% |
| 2023 | 8.3% |
As of May 2024 • May 2024 Investor Presentation
Leverage (Debt/EBITDA1)
Gross Debt / Net Debt
| Fiscal Year | Gross Debt | Net Debt |
|---|---|---|
| 2020 | 3.1% | 1.4% |
| 2021 | 3.4% | 1.4% |
| 2022 | 2.7% | 1.5% |
| 2023 | 3.1% | 1.6% |
As of May 2024 • May 2024 Investor Presentation
1 All TTM financials are reported non-GAAP. View full reconciliation in our May 2023 Investor Presentation.
At TTM Technologies, our mission is to deliver superior value, growth, and profit by providing customers with market-leading, differentiated solutions, and an extraordinary customer experience. We focus on doing business with integrity, teamwork, clear communication, and excellent performance by maintaining strong environmental, social, and governance (ESG) practices.
About ESGAt TTM Technologies, we provide valuable time-to-market and volume production of advanced technology products to customers globally across a broad range of markets. Our one-stop design, engineering, and manufacturing solution allows us to seamlessly align technology development with the needs of our customers, enabling them to fast-track new products and bring them to market sooner.
Serving Diverse Markets Worldwide
We provide advanced technology solutions and RF and PCB manufacturing capabilities for customers across a diverse array of industries and markets.
Delivering Leading Industry-tailored Electronics
Our differentiated solutions are designed using advanced technologies and specialized components to deliver ultra-high performance for our customers.
TTM Technologies, Inc.
200 East Sandpointe
Suite 400
Santa Ana, CA 92707
United States
T: 714-327-3000
investor@ttmtech.com
Sameer Desai
Vice President, Corporate Development and Investor Relations
200 East Sandpointe Ave.
Suite 400
Santa Ana, CA 92707
United States
T: 714-327-3050
investor@ttmtech.com
American Stock Transfer & Trust Company
6201 15th Avenue
Brooklyn, NY 11219
United States
T: 800-937-5449
