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TTM Technologies, Inc. Announces Upcoming Conference Participation
TTM Technologies, Inc. To Exhibit at the International Electronics Circuit Exhibition in Shenzhen, China
Latest Financial Results
Q1 2023
Quarter Ended Apr 3, 2023
$544.4M
Revenue of $544.4M below guidance of $550 - $590M
$(0.06)
GAAP EPS of ($0.06)
$0.18
Non - GAAP EPS* of $0.18 within guidance of $0.16 - $0.22
417.5M
Cash balance of $417.5M. Net leverage is defined as net debt divided by last twelve months of EBITDA at 1.4x.
$550M
Expect Q2 revenues of $530 to $570M and non - GAAP EPS of $0.17 to $0.23
*Non-GAAP Financial Measures. View full reconciliation in our Q1'23 earnings press release.
Latest Annual Filing
For Fiscal Year Ending January 2, 2023
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A Leading Designer & Manufacturer of Specialty Electronics
TTM Technologies, Inc. is a leading global manufacturer of technology solutions including engineered 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.
TTM at a Glance
A leading global manufacturer of technology solutions including engineered systems, radio frequency ("RF") components and RF microwave/microelectronic assemblies, and printed circuit boards ("PCBs")
27
Specialized facilities in North America & Asia Pacific
17,800
Employees
1,600
Customers
TTM Technologies' Annual Performance
FY 2022 Net Sales by End Market1
Aerospace and Defense: 35%
Automotive: 17%
Data Center Computing: 15%
Medical/Industrial/Instrumentation: 20%
Networking/Communications: 13%
Other: 0%
| Segments and Percentages |
|---|
| Aerospace and Defense: 35% |
| Automotive: 17% |
| Data Center Computing: 15% |
| Medical/Industrial/Instrumentation: 20% |
| Networking/Communications: 13% |
| Other: 0% |
As of February 2023 • February 2023 Investor Presentation
1 Pro-forma the acquisition of Telephonics that closed 6/27/22.
Revenues
(in millions)
FY 2019: $2,689
FY 2020: $2,105
FY 2021: $2,249
FY 2022: $2,495
| Fiscal Year | Amount |
|---|---|
| FY 2019 | $2,689 |
| FY 2020 | $2,105 |
| FY 2021 | $2,249 |
| FY 2022 | $2,495 |
As of February 2023 • February 2023 Investor Presentation
Non-GAAP Operating Margin1
FY 2019: 7.6%
FY 2020: 8.6%
FY 2021: 8.4%
FY 2022: 9.4%
| Fiscal Year | Amount |
|---|---|
| FY 2019 | 7.6% |
| FY 2020 | 8.6% |
| FY 2021 | 8.4% |
| FY 2022 | 9.4% |
As of February 2023 • February 2023 Investor Presentation
1 All TTM financials are reported non-GAAP. View full reconciliation in our February 2023 Investor Presentation.
Non-GAAP EPS1
FY 2019: $1.13
FY 2020: $1.10
FY 2021: $1.28
FY 2022: $1.74
| Fiscal Year | Amount |
|---|---|
| FY 2019 | $1.13 |
| FY 2020 | $1.10 |
| FY 2021 | $1.28 |
| FY 2022 | $1.74 |
As of February 2023 • February 2023 Investor Presentation
1 All TTM financials are reported non-GAAP. View full reconciliation in our February 2023 Investor Presentation.
Cash Flows from Ops
(in millions)
FY 2019: $312
FY 2020: $248
FY 2021: $177
FY 2022: $273
| Fiscal Year | Amount |
|---|---|
| FY 2019 | $312 |
| FY 2020 | $248 |
| FY 2021 | $177 |
| FY 2022 | $273 |
As of February 2023 • February 2023 Investor Presentation
Cash Flows from Ops (%rev)
FY 2019: 11.6%
FY 2020: 11.8%
FY 2021: 7.9%
FY 2022: 10.9%
| Fiscal Year | Amount |
|---|---|
| FY 2019 | 11.6% |
| FY 2020 | 11.8% |
| FY 2021 | 7.9% |
| FY 2022 | 10.9% |
As of February 2023 • February 2023 Investor Presentation
Leverage (Debt/EBITDA1)
Gross Debt / Net Debt
FY 2019 Gross Debt: 3.9 Net Debt: 2.9
FY 2020 Gross Debt: 3.1 Net Debt: 1.4
FY 2021 Gross Debt: 3.4 Net Debt: 1.4
FY 2022 Gross Debt: 2.7 Net Debt: 1.5
| Gross Debt | Net Debt | |
|---|---|---|
| FY 2019 | 3.9% | 2.9% |
| FY 2020 | 3.1% | 1.4% |
| FY 2021 | 3.4% | 1.4% |
| FY 2022 | 2.7% | 1.5% |
As of February 2023 • February 2023 Investor Presentation
1 All TTM financials are reported non-GAAP. View full reconciliation in our February 2023 Investor Presentation.
Delivering Transformative & Sustainable Technology Solutions
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 ESGAwarded & Recognized for Our Excellence
A Seamless, One-stop Manufacturing Process
At 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.
IR Contacts
Corporate Office
TTM Technologies, Inc.
200 East Sandpointe
Suite 400
Santa Ana, CA 92707
United States
T: 714-327-3000
investor@ttmtech.com
Investor Relations
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
Transfer Agent
American Stock Transfer & Trust Company
6201 15th Avenue
Brooklyn, NY 11219
United States
T: 800-937-5449