TTM Technologies, Inc.
TTM Technologies Reports Strong Q4 and FY 2024 Results
Summary
TTM Technologies, Inc. reported a solid fourth quarter and full-year 2024 performance, highlighted by revenue growth across key markets and improved profitability. Net sales for Q4 2024 were $651.0 million, up from $569.0 million in Q4 2023, driven by strength in Aerospace and Defense, Data Center Computing, and Networking. Full-year 2024 net sales increased to $2.4 billion, a 9.4% rise from 2023. The company's non-GAAP net income for Q4 2024 was $62.8 million, or $0.60 per diluted share, and $178.4 million for the full year, or $1.71 per diluted share. These results reflect the impact of generative AI in Data Center Computing and continued demand in Aerospace and Defense.
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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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