Ttm Technologies Inc Stock Price, News & Analysis

TTM Technologies (NASDAQ:TTMI), a global manufacturer of technology solutions, has announced two strategic expansions: the acquisition of a 750,000-square-foot facility in Eau Claire, Wisconsin, and land rights for a future manufacturing site in Penang, Malaysia.

The Wisconsin facility, previously owned by TDK, comes with existing infrastructure for advanced PCB manufacturing, enabling faster deployment of U.S. domestic capacity. The facility will focus on producing advanced technology PCBs for data center computing and networking, particularly for generative AI applications.

In Penang, TTM acquired 10 acres of land rights to establish a new production site, aiming to diversify its supply chain beyond China. This facility will serve commercial markets including data center computing, networking, and medical instrumentation. The company expects no significant financial impact from these investments in 2025.

TTM Technologies (NASDAQ:TTMI) has launched the MSK5065RH, a radiation-hardened switching regulator module designed for space and defense applications. The module, based on Renesas' ISL73007SEH regulator, delivers over 3 amperes of continuous output current with peak efficiencies exceeding 90%.

The MSK5065RH features radiation tolerance up to 100 krad (Si) Total Ionizing Dose and low sensitivity to Single Event Effects, making it suitable for low-earth-orbit, medium-earth-orbit, and deep space missions. The product is now available in Class K and Class H screening levels, with engineering models available for evaluation.

TTM Technologies (NASDAQ:TTMI) has announced a new $100 million share repurchase program authorized by its Board of Directors. The program, effective through May 7, 2027, replaces the company's previous two-year repurchase program that expired on May 3, 2025.

According to CFO Dan Boehle, the decision reflects TTM's strong cash flow generation and robust balance sheet. While strategic acquisitions remain the primary focus for free cash flow allocation, this program provides additional flexibility for enhancing shareholder value.

The company maintains discretion over the timing, manner, price, and volume of repurchases, which may be executed through various methods including open market purchases, private transactions, and Rule 10b5-1 plans. The program can be suspended or discontinued at any time.

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.