TTM Technologies, Inc.
TTM Technologies Reports Strong Q4 2023 Earnings
Summary
TTM Technologies, Inc. reported strong financial results for the fourth quarter of 2023, with net sales of $569.0 million and non-GAAP net income of $43.0 million, or $0.41 per diluted share, which beat the high end of the guided range. The company also provided guidance for the first quarter of 2024, estimating revenues between $530 million to $570 million and non-GAAP net income per diluted share between $0.24 to $0.30. The detailed financial results and outlook are provided in the attached press release.
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About TTM Technologies, Inc.
TTM Technologies, Inc. is a leading global provider of printed circuit boards (PCBs) and related electronic manufacturing solutions. Serving a diverse range of industries, TTM Technologies focuses on delivering high-quality, technologically advanced PCBs and solutions to sectors such as aerospace, defense, medical, industrial, networking, and automotive industries. These segments demand precision, reliability, and innovation, making the company's offerings integral to their operations. TTM Technologies' capability to offer a comprehensive range of PCB products, from standard to complex multilayer printed circuit assemblies, highlights its robust manufacturing expertise and market adaptability. The company stands out with its advanced engineering services, which enable the development of custom and prototypical designs tailored to specific client needs, thereby fostering innovation and efficiency in electronics manufacturing. With facilities strategically located across North America and Asia, TTM Technologies harnesses global footprints to meet timely delivery requirements, support quick-turn prototypes, and cater to high-volume production. This operational agility underlines its critical role within the supply chain, ensuring the seamless integration of electronic solutions across various high-tech applications worldwide.
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