TTM Technologies, Inc.
TTM Technologies Reports Strong Q1 2024 Results
Summary
TTM Technologies, Inc. reported strong first quarter 2024 results on May 1, 2024, with net sales of $570.1 million, GAAP net income of $10.5 million, and non-GAAP net income of $32.8 million. The company also repurchased 600,000 shares of its common stock for $9.3 million during the quarter. The financial results were driven by strong demand in Aerospace and Defense and Data Center Computing end markets. For the second quarter of 2024, TTM expects revenues in the range of $560 million to $600 million and non-GAAP net income of $0.32 to $0.38 per diluted share.
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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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