Welcome to our dedicated page for Ttm Technologies news (Ticker: TTMI), a resource for investors and traders seeking the latest updates and insights on Ttm Technologies stock.
TTM Technologies, Inc. reports developments for a technology manufacturing business that supplies mission systems, radio frequency components, RF microwave and microelectronic assemblies, and advanced interconnect products, including printed circuit boards and substrates. Company news commonly covers quarterly results, book-to-bill trends, aerospace and defense program activity, data center and networking demand, and customer awards for radar-related assemblies and electronic hardware.
Updates also include investor presentations, conference-call schedules, business outlook commentary, and board governance changes tied to the company's public-company reporting calendar.
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
TTM Technologies will host a conference call on July 31, 2024, at 1:00 p.m. Eastern Time to discuss their Q2 2024 performance. The call will be accessible via a registration link provided by the company. Participants will receive dial-in information and a unique PIN upon registration. The webcast will also be available on TTM Technologies' website and remain accessible for one week post-event. The company will release its Q2 2024 financial results before the market opens on the same day.
TTM Technologies has launched its new Xinger® high-performance 50W directional and hybrid couplers, specifically designed for X-Band commercial-off-the-shelf military and aerospace applications. These compact 5mm x 3.2mm components operate within the 8-12 GHz frequency band and are ideal for tasks such as power and frequency detection, VSWR monitoring, and power splitting. With a peak to average ratio of 12dB and an ENIG finish, these couplers are built for durability in harsh environments. Samples are currently available, and the products will be available for purchase later this summer.
TTM Technologies, Inc. appointed Wajid Ali to the Board of Directors, replacing outgoing director Dr. Dov S. Zakheim. Mr. Ali, a seasoned executive with over 20 years of experience in the technology industry, brings extensive financial expertise from companies like Lumentum Holdings Inc. and Synaptics Incorporated. The Board now comprises nine directors, with eight meeting NASDAQ's independence criteria.
TTM Technologies, Inc. (NASDAQ: TTMI) is participating in upcoming investor conferences including Barclays Leveraged Finance Conference, B. Riley Institutional Investor Conference, and Stifel Cross Sector Insight Conference to present to investors.
TTM Technologies, Inc. reported strong financial results for the first quarter of 2024, with net sales of $570.1 million. GAAP net income was $10.5 million, and non-GAAP net income was $32.8 million. The company repurchased 600,000 shares of common stock. TTM's business outlook for the second quarter of 2024 is positive, with estimated revenues between $560 million to $600 million.
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