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 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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