Ttm Technologies Inc Stock Price, News & Analysis

TTM Technologies (NASDAQ: TTMI), a global manufacturer of technology solutions including mission systems, RF components, and printed circuit boards, has announced the retirement of its founder, former CEO, and board member, Kent Alder. Alder founded TTM in 1998 and transformed it from a small operation into a global electronics industry leader. Under his leadership, the company established core values focused on integrity, honesty, clear communication, and performance excellence.

Board Chairman Rex Geveden acknowledged Alder's significant contributions to TTM's growth and success. In recognition of his impact, the company maintains the "Alder Award," an annual recognition given to an internal team demonstrating outstanding performance, which will continue to be presented in the future.

TTM Technologies (NASDAQ: TTMI) has unveiled five new Radio Frequency (RF) components targeting Telecom, Test and Measurement, and COTS Mil-Aero markets. The launch includes two ultra-small broadband transformers (XMB0465Z1-50100G and XMB0220K1-50100G), two low-profile hybrid couplers (XMC0102L3-03S and XMC4450E3-03G), and a cost-effective RF termination (C6N50Z4B).

The broadband transformers excel in signal conversion with superior common mode rejection ratio, while the hybrid couplers specialize in power splitting and combining. The new RF termination offers a cost-effective, RoHS-compliant alternative for various applications including 5G, LTE, ISM, and Mil-Aero Bands. All components have undergone comprehensive Xinger qualification testing and 100% RF testing.

TTM Technologies (NASDAQ: TTMI) has announced its management team's participation in three upcoming investor conferences in May and June 2025:

• Barclays Leveraged Conference on May 20th in Austin, Texas
• B. Riley Investor Conference on May 21st in Marina del Rey, California
• Stifel Cross Sector Insight Conference on June 3rd in Boston, Massachusetts

TTM Technologies reported strong Q1 2025 results with net sales of $648.7 million, marking a 14% year-over-year increase. The company achieved record-breaking first-quarter performance with non-GAAP net income of $52.4 million, or $0.50 per diluted share.

Key highlights include:

• GAAP net income: $32.2 million ($0.31 per share)
• Book to bill ratio: 1.10
• Aerospace & Defense backlog: $1.55 billion
• Adjusted EBITDA: $99.5 million (15.3% of sales)

Growth was driven by strong demand in Aerospace and Defense, Data Center Computing, and Networking markets, particularly influenced by generative AI. Looking ahead, TTM projects Q2 2025 revenues between $650-690 million with non-GAAP earnings of $0.49-0.55 per share.

TTM Technologies (NASDAQ:TTMI) has announced it will host a conference call on Wednesday, April 30, 2025, at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time to discuss its first quarter 2025 performance. The company will release its Q1 2025 financial results after market close on the same day.

Participants can access the conference call through a registration link that will provide dial-in information and a unique PIN. Additionally, the conference call will be simulcast on the company's website and will remain accessible for one week following the live event.

TTM Technologies (NASDAQ: TTMI) has announced a planned succession change in its Chief Operating Officer position. James P. Walsh will assume the role of COO beginning July 1, 2025, while current COO Philip Titterton will transition to an advisory position focusing on special operations projects.

Walsh, currently serving as Senior Vice President of Operations (North America) & Global EHSS&S, brings over 25 years of operations management experience. He joined TTM in 2019 and has held expanding responsibilities since then. Walsh holds degrees from Santa Clara University, Stanford University, and UCLA.

Titterton concludes his tenure after 33 years of service to TTM, where he established standards for operational leadership and promoted the company's cultural values of integrity, teamwork, clear communications, and performance excellence.

TTM Technologies (TTMI) reported strong Q4 2024 results with net sales of $651.0 million, up from $569.0 million in Q4 2023. The company posted GAAP net income of $5.2 million ($0.05 per share) and non-GAAP net income of $62.8 million ($0.60 per share).

Full-year 2024 revenues increased 9.4% to $2.4 billion, with GAAP net income of $56.3 million ($0.54 per share) and non-GAAP net income of $178.4 million ($1.71 per share). The company achieved record A&D program backlog of $1.56 billion and Data Center Computing revenues reached 22% of total company revenues.

For Q1 2025, TTM forecasts revenues between $600-640 million and non-GAAP earnings of $0.37-0.43 per share. The company generated strong cash flow from operations at $236.9 million in 2024, enabling debt refinancing and $34.5 million in share buybacks.

TTM Technologies (NASDAQ:TTMI) has announced it will host a conference call on Wednesday, February 5, 2025, at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time to discuss its fourth quarter and fiscal year 2024 performance.

The company will release its Q4 and FY2024 financial results after market close on the same day. Participants can access the call through a registration link that will provide dial-in information and a unique PIN. Additionally, the conference call will be simulcast on the company's website and remain accessible for one week following the live event.

TTM Technologies (NASDAQ: TTMI), a global leader in technology solutions, has awarded the 2024 TTM Chair of Community Service Award to the TTM Zhongshan Volunteers Association. This award honors their outstanding commitment to community service and humanitarian efforts.

As part of the recognition, TTM will contribute $20,000 to the Zhongshan Xiaolan Qizhi Special Education and Training Center, which supports special needs children and their families in Zhongshan, China. The TTM Zhongshan Volunteers Association, established in 2015, consists of over 200 employees from TTM's Zhongshan facility. This group has dedicated over 35,000 volunteer hours to various causes, including aiding orphaned children, the elderly, individuals with disabilities, poverty alleviation, and environmental improvements.

The association has been acknowledged as an Advanced Volunteer Service Team in Zhongshan City. Their partnership with the Qizhi Special Education and Training Center includes providing teaching aids and organizing activities for children with mental disabilities.

The Chair of Community Service Award, created by TTM's Board of Directors and Executive Team in honor of retired Board Chairman Robert Klatell, celebrates employees who significantly impact their communities. Shawn Powers, Executive Vice President and Chief Human Resources Officer, expressed pride in the Zhongshan employees' dedication to service, emphasizing their embodiment of TTM's spirit of global community engagement.