Feb 20, 2025 1:50 pm EST
Revenue of $616.5M above the midpoint of guidance of $610 - $650M
GAAP EPS of $0.05, inclusive of a $32.6 million goodwill impairment charge related to the RF&S Components Segment
Non - GAAP EPS of $0.60 above the guided range of $0.44 - $0.50, inclusive of a $14.1 million pre-tax, non-operational, foreign exchange gain
Cash flow from operations of $86.1M, or 13.2% of revenues
Cash balance of $503.9M. Net leverage defined as net debt divided by last twelve months of EBITDA at 1.2x.
Book to bill of 1.09 for the fourth quarter
A&D program backlog a record $1.56 billion
Expect Q1 revenues of $600 to $640M and non - GAAP EPS of $0.37 to $0.43
*Non-GAAP Financial Measures. View full reconciliation in our Q4'24 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 2024 Net Sales by End Market
| Segments | Percentages |
|---|---|
| Aerospace and Defense | 46% |
| Automotive | 13% |
| Data Center Computing | 21% |
| Medical/Industrial/Instrumentation | 14% |
| Networking/Communications | 6% |
| Other | 0% |
As of February 2025 • February 2025 Investor Presentation
Revenues
(in millions)
| Fiscal Year | Amount (in millions) |
|---|---|
| 2021 | $2,249 |
| 2022 | $2,495 |
| 2023 | $2,233 |
| 2024 | $2,443 |
As of February 2025 • February 2025 Investor Presentation
Non-GAAP Operating Margin1
| Fiscal Year | Operating Margin |
|---|---|
| 2021 | 8.4% |
| 2022 | 9.4% |
| 2023 | 8.9% |
| 2024 | 9.6% |
As of February 2025 • February 2025 Investor Presentation
1 All TTM financials are reported non-GAAP. View full reconciliation in our February 2025 Investor Presentation.
Non-GAAP EPS1
| Fiscal Year | Amount |
|---|---|
| 2021 | $1.28 |
| 2022 | $1.74 |
| 2023 | $1.33 |
| 2024 | $1.71 |
As of February 2025 • February 2025 Investor Presentation
1 All TTM financials are reported non-GAAP. View full reconciliation in our February 2025 Investor Presentation.
Cash Flows from Ops
(in millions)
| Fiscal Year | Amount (in millions) |
|---|---|
| 2021 | $177 |
| 2022 | $273 |
| 2023 | $187 |
| 2024 | $237 |
As of February 2025 • February 2025 Investor Presentation
Cash Flows from Ops (%rev)
| Fiscal Year | % Rev |
|---|---|
| 2021 | 7.9% |
| 2022 | 10.9% |
| 2023 | 8.3% |
| 2024 | 9.7% |
As of February 2025 • February 2025 Investor Presentation
Leverage (Debt/EBITDA1)
Gross Debt / Net Debt
| Fiscal Year | Gross Debt | Net Debt |
|---|---|---|
| 2021 | 3.4% | 1.4% |
| 2022 | 2.7% | 1.5% |
| 2023 | 3.1% | 1.6% |
| 2024 | 2.6% | 1.2% |
As of February 2025 • February 2025 Investor Presentation
1 All TTM financials are reported non-GAAP. View full reconciliation in our February 2025 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
