Ttm Technologies Inc Stock Price, News & Analysis

TTM Technologies (NASDAQ: TTMI) has expanded its RF&S product portfolio with 18 new components supporting telecom band n104 for 5.5G applications. The new product family includes balun transformers, hybrid couplers, power dividers, RF crossovers, and terminations, specifically designed for the 6.4 – 7.2 GHz band.

These components offer superior performance and cost-effectiveness while maintaining the industry-standard Xinger® brand reliability. The product specifications vary in size from 0603 (1.6mm x 0.8mm) to 1220 (5.8mm x 3.1mm), with power handling capabilities ranging from 1W to 40W average.

TTM Technologies (NASDAQ: TTMI), a global manufacturer of technology solutions, announces its participation in the 2024 International Electronics Circuit Exhibition in Shenzhen, China, from December 4-6, 2024. The company will exhibit at Hall 7, Booth #7D20 in the Shenzhen World Exhibition & Convention Center.

Under the theme 'AI Powers the Future', TTM will conduct technical seminars featuring innovative engineering and product solutions. The company introduces innovation exchange sessions covering topics like '112 Gbps and Beyond' and 'PCBs for High Voltage Applications'. The event serves as a platform for TTM to showcase its latest innovations and engage with customers and partners in the electronics industry.

TTM Technologies (NASDAQ: TTMI) has announced its management team's participation in three upcoming investor conferences. The team will attend the Stifel Midwest 1x1 Conference on November 7th at Chicago's Waldorf-Astoria Hotel, the BofA Securities Leveraged Finance Conference on December 3rd in Boca Raton with a presentation at 2:50 PM ET, and the UBS Global Industrials & Transportation Conference on December 4th in Palm Beach, presenting at 9:30 AM ET.

TTM Technologies (NASDAQ: TTMI) reported Q3 2024 results with net sales of $616.5 million, up from $572.6 million in Q3 2023. The company posted GAAP net income of $14.3 million ($0.14 per diluted share) and non-GAAP net income of $42.7 million ($0.41 per diluted share). Operating performance was marked by strong cash flow from operations at $65.1 million (10.6% of sales) and a book-to-bill ratio of 1.20. The A&D program backlog reached a record $1.49 billion. For Q4 2024, TTM forecasts revenues between $610-650 million and non-GAAP earnings of $0.44-0.50 per diluted share.

TTM Technologies, Inc. (NASDAQ:TTMI) has announced its upcoming third quarter 2024 conference call, scheduled for Wednesday, October 30, at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time. The company will discuss its Q3 2024 performance during this call. Participants can access the conference by registering through a provided link, which will furnish dial-in information and a unique PIN.

Additionally, the call will be simulcast on TTM Technologies' website, accessible via a separate link. The webcast will remain available for one week after the live event. Importantly, TTM Technologies plans to release its Q3 2024 financial results after market close on October 30, 2024, prior to the conference call.

TTM Technologies (NASDAQ: TTMI) has been awarded Cisco's 2024 Supply Chain Security Champion award at Cisco's annual Supplier Appreciation Event. This prestigious recognition highlights TTM's commitment to securing Cisco's intellectual property and protecting its brand through robust security measures in their operations and supply chain.

Marco De Martin, SVP of Global Supplier Management at Cisco, emphasized the important role of suppliers in providing innovative technology for Cisco's customers. Doug Soder, EVP of TTM's Commercial Sector, expressed gratitude for the recognition, attributing it to the outstanding efforts of TTM's IT and Operations teams.

The event, marking its 33rd consecutive year, served as a platform for Cisco to share strategic priorities with its global supplier network and celebrate exceptional performances in FY24. TTM Technologies is a leading global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and printed circuit boards.

TTM Technologies, Inc. (NASDAQ: TTMI) has unveiled two new Xinger® Ultra Wide Band Balun Transformers designed for efficient signal conversion. The XMB0220K1-50100G (0.18 – 1.9 GHz) and XMB0465Z1-50100G (0.4 – 6.5 GHz) are ultra-compact, low-profile broadband balanced to unbalanced transformers suitable for diverse end markets, including Test and Measurement, Telecom, COTS Military and Aerospace, 5G, LTE, and Aero Radar.

These transformers offer Common-Mode Rejection Ratio, enabling single-ended signals to be applied to differential ports on various devices. The XMB0220K1-50100G is ideal for Test and Measurement, Telecom, and COTS Mil-Aero applications, while the XMB0465Z1-50100G is suitable for high-level integrations in 5G, LTE, Aero Radar, and L, S & C-Band markets.

Both products are now available for sampling through ttm.com and will be available for purchase later this fall.

TTM Technologies (NASDAQ: TTMI) has announced its participation in three upcoming investor conferences. The company's management team will attend:

• The Needham Virtual Industrial Technology, Robotics, and Clean Tech 1x1 Conference on August 19th-20th
• The Jefferies Semiconductor, IT Hardware and Communications Technology Conference on August 27th at the Four Seasons Hotel in Chicago
• The Jefferies Industrials Conference on September 4th at the Westin Times Square Hotel in New York, where they will give a presentation at 1:55pm Eastern Time

These conferences provide opportunities for TTM Technologies to engage with investors and showcase their latest developments in the technology and industrial sectors.

TTM Technologies (NASDAQ: TTMI) reported strong Q2 2024 results, with net sales of $605.1 million, up from $546.5 million in Q2 2023. The company posted GAAP net income of $26.4 million ($0.25 per diluted share) and non-GAAP net income of $40.1 million ($0.39 per diluted share). Cash flow from operations was $41.9 million.

Key highlights include:

• Repurchased 1.39 million shares for $25.1 million
• Anticipated refinancing of $346.5 million senior secured term loan at SOFR + 2.25%
• Strong demand in Aerospace and Defense and Data Center Computing markets
• Q3 2024 revenue guidance: $580-$620 million
• Q3 2024 non-GAAP EPS guidance: $0.37-$0.43