TTM Technologies, Inc. Board of Directors Approves New $100 million Share Repurchase Program
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) ha annunciato un nuovo programma di riacquisto azionario da 100 milioni di dollari autorizzato dal suo Consiglio di Amministrazione. Il programma, valido fino al 7 maggio 2027, sostituisce il precedente piano biennale di riacquisto azionario scaduto il 3 maggio 2025.
Secondo il CFO Dan Boehle, la decisione riflette la forte generazione di flussi di cassa di TTM e il solido bilancio. Sebbene le acquisizioni strategiche rimangano la priorità nell’allocazione del flusso di cassa libero, questo programma offre maggiore flessibilità per aumentare il valore per gli azionisti.
L’azienda mantiene la discrezionalità sul momento, le modalità, il prezzo e il volume dei riacquisti, che possono essere effettuati tramite diverse modalità, inclusi acquisti sul mercato aperto, transazioni private e piani Rule 10b5-1. Il programma può essere sospeso o interrotto in qualsiasi momento.
TTM Technologies (NASDAQ:TTMI) ha anunciado un nuevo programa de recompra de acciones por 100 millones de dólares autorizado por su Junta Directiva. El programa, vigente hasta el 7 de mayo de 2027, reemplaza al anterior programa de recompra de dos años que expiró el 3 de mayo de 2025.
Según el CFO Dan Boehle, la decisión refleja la sólida generación de flujo de caja de TTM y su balance robusto. Aunque las adquisiciones estratégicas siguen siendo la prioridad para la asignación del flujo de caja libre, este programa ofrece mayor flexibilidad para aumentar el valor para los accionistas.
La compañía mantiene la discreción sobre el momento, la forma, el precio y el volumen de las recompras, que pueden realizarse mediante diversos métodos, incluyendo compras en el mercado abierto, transacciones privadas y planes Rule 10b5-1. El programa puede ser suspendido o cancelado en cualquier momento.
TTM Technologies (NASDAQ:TTMI)는 이사회에서 승인한 새로운 1억 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 2027년 5월 7일까지 유효하며, 2025년 5월 3일에 만료된 이전 2년간의 자사주 매입 프로그램을 대체합니다.
재무책임자(CFO) Dan Boehle에 따르면, 이번 결정은 TTM의 강력한 현금 흐름 창출 능력과 견고한 재무구조를 반영한 것입니다. 전략적 인수가 자유 현금 흐름 할당의 주요 초점이지만, 이 프로그램은 주주 가치를 높이기 위한 추가적인 유연성을 제공합니다.
회사는 매입 시기, 방법, 가격 및 규모에 대해 재량권을 가지며, 공개 시장 매입, 비공개 거래, Rule 10b5-1 계획 등 다양한 방식으로 진행될 수 있습니다. 이 프로그램은 언제든지 중단 또는 종료될 수 있습니다.
TTM Technologies (NASDAQ:TTMI) a annoncé un nouveau programme de rachat d’actions de 100 millions de dollars autorisé par son conseil d’administration. Ce programme, valable jusqu’au 7 mai 2027, remplace le précédent programme de rachat de deux ans arrivé à expiration le 3 mai 2025.
Selon le directeur financier Dan Boehle, cette décision reflète la forte génération de flux de trésorerie et la solidité du bilan de TTM. Bien que les acquisitions stratégiques restent la priorité pour l’allocation des flux de trésorerie disponibles, ce programme offre une flexibilité supplémentaire pour accroître la valeur pour les actionnaires.
La société conserve la discrétion quant au moment, à la manière, au prix et au volume des rachats, qui peuvent être effectués par divers moyens, notamment des achats sur le marché ouvert, des transactions privées et des plans Rule 10b5-1. Le programme peut être suspendu ou arrêté à tout moment.
TTM Technologies (NASDAQ:TTMI) hat ein neues Aktienrückkaufprogramm in Höhe von 100 Millionen US-Dollar angekündigt, das vom Vorstand genehmigt wurde. Das Programm ist bis zum 7. Mai 2027 gültig und ersetzt das vorherige zweijährige Rückkaufprogramm, das am 3. Mai 2025 ausgelaufen ist.
Nach Angaben von CFO Dan Boehle spiegelt die Entscheidung die starke Cashflow-Generierung und die robuste Bilanz von TTM wider. Obwohl strategische Übernahmen weiterhin im Vordergrund bei der Verwendung des freien Cashflows stehen, bietet dieses Programm zusätzliche Flexibilität zur Steigerung des Aktionärswerts.
Das Unternehmen behält sich die Diskretion über Zeitpunkt, Art, Preis und Umfang der Rückkäufe vor, die auf verschiedenen Wegen erfolgen können, darunter offene Markttransaktionen, private Geschäfte und Rule 10b5-1-Pläne. Das Programm kann jederzeit ausgesetzt oder beendet werden.
- Authorization of a substantial $100 million share repurchase program
- Company reports strong cash flow generation and solid balance sheet
- Extended program duration of 2 years provides flexibility through May 2027
- Management maintains strategic acquisitions as primary focus for cash deployment
- Program is discretionary with no obligation to repurchase any shares
- Repurchase program may be suspended or discontinued at any time
SANTA ANA, Calif., May 09, 2025 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI) today announced that its Board of Directors authorized a new share repurchase program allowing the Company to repurchase its outstanding common stock with an aggregate market value of up to
“Given the company’s solid cash flow generation and strong balance sheet, we believe repurchasing shares is a prudent use of capital,” said Dan Boehle, Executive Vice President and Chief Financial Officer. “While strategic acquisitions remain a primary goal for the use of our free cash flow, this authorization provides us with added flexibility to enhance shareholder value.”
The timing, manner, price and amount of any share repurchases will be determined by the Company’s management based on various factors, such as available liquidity, cash flows and general market conditions. The repurchase program may be executed through open market purchases, privately negotiated transactions and other methods, including through Rule 10b5-1 plans. The authorization does not obligate the Company to acquire any particular amount of common stock and the program may be suspended or discontinued at the Company’s discretion without prior notice.
About TTM
TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including mission systems, radio frequency (“RF”) components, RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (“PCB”s). TTM stands for time-to-market, representing how TTM's time-critical, one-stop design, engineering and manufacturing services enable customers to reduce the time required to develop new products and bring them to market. Additional information can be found at www.ttm.com.
Forward Looking Statements
This release contains forward-looking statements that relate to future events or performance. TTM cautions you that such statements are simply predictions and actual events or results may differ materially. These statements reflect TTM's current expectations, and TTM does not undertake to update or revise these forward looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other TTM statements will not be realized. Further, these statements involve risks and uncertainties, many of which are beyond TTM's control, which could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include, but are not limited to, general market and economic conditions, including interest rates, currency exchange rates and consumer spending, demand for TTM's products, market pressures on prices of TTM's products, warranty claims, changes in product mix, contemplated significant capital expenditures and related financing requirements, TTM's dependence upon a small number of customers and other factors set forth in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's public reports filed with the SEC.
Contact:
Sameer Desai,
Senior Director, Corporate Development & Investor Relations
sameer.desai@ttmtech.com
714-327-3050
FAQ
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