Financial Performance - Q1 2025 revenue was $648.7 million, exceeding the guided range of $600 million to $640 million[12] - Non-GAAP EPS for Q1 2025 was $0.50, surpassing the guided range of $0.37 to $0.43 and marking a record for a first quarter[12] - The company anticipates Q2 2025 revenues to be between $650 million and $690 million, with a non-GAAP EPS of $0.49 to $0.55[12] - Q1 2025 Non-GAAP gross margin was 20.8%, compared to 18.8% in Q1 2024[21] - Adjusted EBITDA for Q1 2025 was $99.481 million, resulting in an adjusted EBITDA margin of 15.3%, compared to $70.512 million and 12.4% respectively in Q1 2024[23] Backlog and Book-to-Bill - The book-to-bill ratio for Q1 2025 was 1.10[12] - Aerospace & Defense (A&D) program backlog reached $1.55 billion[12] - Total backlog was $517.5 million in Q1 2025[14] End Market Performance - Aerospace & Defense accounted for 47% of Q1 2025 revenues, with a year-on-year growth of 15%[13] - Data Center Computing represented 21% of Q1 2025 revenues, also with a year-on-year growth of 15%[13] - Networking saw a significant year-on-year growth of 53%, accounting for 8% of Q1 2025 revenues[13]

Exhibit 99.1 Contact: Sameer Desai, Vice President, Corporate Development & Investor Relations Sameer.desai@ttmtech.com 714-327-3050 TTM Technologies, Inc. Reports First Quarter 2025 Results Santa Ana, CA – April 30, 2025 – TTM Technologies, Inc. (NASDAQ: TTMI) ("TTM"), 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) today r ...

Core Viewpoint - TTM Technologies, Inc. reported strong financial results for the first quarter of 2025, with significant year-over-year growth in net sales and net income, driven by demand in key markets such as Aerospace and Defense, Data Center Computing, and Networking, particularly influenced by generative AI [1][5]. Financial Performance - Net sales for Q1 2025 were $648.7 million, a 14% increase from $570.1 million in Q1 2024 [3]. - GAAP operating income for Q1 2025 was $50.3 million, compared to $17.1 million in Q1 2024 [3]. - GAAP net income for Q1 2025 was $32.2 million, or $0.31 per diluted share, up from $10.5 million, or $0.10 per diluted share in Q1 2024 [3]. - Non-GAAP net income for Q1 2025 was $52.4 million, or $0.50 per diluted share, compared to $29.1 million, or $0.28 per diluted share in Q1 2024 [4]. - Adjusted EBITDA for Q1 2025 was $99.5 million, representing 15.3% of sales, compared to $70.5 million, or 12.4% of sales in Q1 2024 [4]. Business Outlook - For Q2 2025, TTM estimates revenues to be in the range of $650 million to $690 million, with non-GAAP net income projected between $0.49 and $0.55 per diluted share [6]. Market Segmentation - In Q1 2025, the end market breakdown was as follows: Aerospace and Defense (47%), Automotive (11%), Data Center Computing (21%), Medical/Industrial/Instrumentation (13%), and Networking (8%) [20]. Operational Metrics - The company reported a book-to-bill ratio of 1.10 for Q1 2025, indicating a healthy order intake relative to sales [8]. - The Aerospace and Defense program backlog stood at $1.55 billion [8].

SANTA ANA, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI) will host a conference call on Wednesday, April 30, 2025, at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time to discuss its first quarter 2025 performance. Access to the conference call will be available by clicking on the registration link TTM Technologies, Inc. first quarter 2025 conference call. Registering participants will receive dial in information and a unique PIN to join the call. Participants can register at a ...

Financial Performance - The company reported net sales of approximately $2.2 billion for fiscal 2023, positioning it as one of the largest and most diversified PCB manufacturers globally [76]. - The company experiences seasonal softness in the first and third quarters due to holidays and vacation periods, leading to stronger revenue in the second and fourth quarters [82]. - The company may face substantial liquidity problems if cash flows and capital resources are insufficient to fund debt service obligations, potentially leading to asset disposals or restructuring efforts [178]. - The company is required to make additional principal payments annually if the Secured Leverage Ratio exceeds 2.0, indicating a need for careful cash flow management [176]. - The company’s ability to generate cash is influenced by prevailing economic conditions and competitive factors, which are beyond its control [177]. Customer Relationships and Market Position - The company has a diverse customer base with over 1,500 customers and long-term relationships exceeding ten years with its ten largest customers [78]. - The company focuses on building long-term relationships with customers' engineering teams during the product development phase, enhancing its sales strategy [63]. - The company is recognized as a leading supplier in the aerospace and defense sector, having passed OEM and government certification processes [81]. Operations and Manufacturing - The company operates 17 PCB fabrication and engineered system plants across North America and five PCB fabrication plants in Asia [66][67]. - The company plans to establish an advanced technology PCB manufacturing facility in New York State, with groundbreaking anticipated in the first half of 2024 [68]. - Temporary closures of operations in China due to power shortages could adversely impact manufacturing capabilities and revenue generation [182]. Innovation and Intellectual Property - The company has approximately 150 patents and 20 pending patent applications, reflecting its commitment to protecting innovations critical to its business [83]. - The company offers a wide range of engineered systems and PCB products, including HDI and Ultra-HDI PCBs, flexible PCBs, and custom assemblies [77]. Workforce and Diversity - TTM's U.S. workforce is approximately 41% ethnically diverse and nearly 36% female, with 47% of new hires in 2023 identifying as underrepresented minorities [95]. - As of January 1, 2024, TTM had approximately 15,800 employees, with 12,600 in manufacturing roles and 1,100 in professional, managerial, or administrative roles [103]. - TTM's applicant flow more than doubled from 2022 due to enhanced recruitment advertising strategies [101]. - TTM's leadership development programs have over 83% of documented plans completed in 2023, focusing on individual growth and career opportunities [92]. - In 2022, TTM achieved a 94% participation rate in its employee engagement survey, indicating high performance across all 14 engagement drivers [96]. Compliance and Regulatory Risks - The company is subject to stringent export control laws and economic sanctions, with non-compliance potentially leading to significant penalties and reputational harm [195]. - Compliance with environmental laws is critical, as violations could result in fines, litigation, or revocation of necessary permits, adversely affecting operations [187]. - The evolving regulatory landscape in Asia poses risks that could limit legal protections and impact operational results [186]. - The company must adhere to various material content restrictions in products, which may incur liability if certifications are not met [192]. - Failure to maintain security clearance could prevent the company from performing on classified contracts, materially affecting business operations [185]. Financial Management and Risks - The company incurs significant costs due to public company compliance, including legal and accounting expenses, which may adversely affect net income [201]. - Cybersecurity threats, including outages and breaches, pose risks that could disrupt operations and lead to significant legal and financial exposure [202]. - The company is investing in upgrading its enterprise resource planning (ERP) system, which may cause disruptions if not implemented correctly [211]. - Future capital needs may require additional funding for operations, acquisitions, and technological upgrades, which may not be available on favorable terms [208][210]. - Changes in tax rates and regulations, including the OECD's Pillar Two global minimum tax, could adversely affect the company's effective tax rates starting January 1, 2024 [215]. - The company faces potential limitations on utilizing net operating loss carryforwards due to ownership changes, which could impact tax liabilities [212][213]. Community Engagement - The company packaged over 60,000 meals in a coordinated event in 2023, demonstrating its commitment to community service [90]. Financial Instruments - The company has entered into a four-year interest rate swap arrangement with a notional amount of $250 million to mitigate interest rate risk, paying a fixed rate of 3.49% [105].

Operator Good afternoon. Thank you for standing by. Welcome to the TTM Technologies Inc. Fourth Quarter 2024 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded today, February 5, 2025. Sameer Desai, TTM's Vice President of Corporate Development and Investor Relations will now review the TTM's disclosure statement. Sameer Desai Thank you, Sheri. Before we get started, I would like to remind everyone that today's call contains forward-looking statements ...

TTM Technologies (TTMI) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.66%. A quarter ago, it was expected that this printed circuit board maker would post earnings of $0.41 per share when it actually produced earnings of $0.41, delivering no surprise.Over the last four quarters, ...

TTM Technologies, Inc. Q4'24 Earnings Results Presentation February 5, 2025 Disclaimers Forward - Looking Statements This communication may contain "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act o f 1995, including statements related to the future business outlook, events, and expected performance of TTM Technologies, In c. ("TTM", "we" or the "Company"). The words "anticipate," "believe," "plan," "forecast," "foresee," "estimate," "project," "exp ect ," "s ...

Financial Performance - Fourth quarter 2024 net sales were $651.0 million, a 14.4% increase from $569.0 million in the fourth quarter of 2023[4] - GAAP net income for the fourth quarter of 2024 was $5.2 million, or $0.05 per diluted share, compared to $17.3 million, or $0.17 per diluted share in the fourth quarter of 2023[5] - Non-GAAP net income for the fourth quarter of 2024 was $62.8 million, or $0.60 per diluted share, up from $43.0 million, or $0.41 per diluted share in the fourth quarter of 2023[6] - For the full year 2024, net sales increased to $2.4 billion, a 9.4% increase from $2.2 billion in 2023[10] - GAAP net income for 2024 was $56.3 million, or $0.54 per diluted share, compared to a GAAP net loss of $18.7 million, or ($0.18) per diluted share in 2023[12] - Non-GAAP net income for the full year 2024 was $178,390 thousand, compared to $139,540 thousand in 2023, indicating a 27.8% increase[30] Profitability Metrics - Adjusted EBITDA for the fourth quarter of 2024 was $108.7 million, representing 16.7% of sales, compared to $80.9 million, or 14.2% of sales in the fourth quarter of 2023[7] - Non-GAAP gross profit for the full year 2024 reached $497,138 thousand, compared to $438,083 thousand in 2023, reflecting a 13.5% growth[30] - Non-GAAP operating income for Q4 2024 was $65,765 thousand, an increase from $61,042 thousand in Q4 2023, marking a 4.5% rise[30] - Adjusted EBITDA for Q4 2024 was $108,744 thousand, compared to $80,866 thousand in Q4 2023, representing a 34.4% increase[30] - Free cash flow for Q4 2024 was $33,293 thousand, significantly higher than $1,516 thousand in Q4 2023[30] Margins - Gross margin for Q4 2024 was 19.4%, slightly up from 19.5% in Q4 2023[29] - Operating margin for Q4 2024 was 1.4%, down from 4.8% in Q4 2023[29] - Non-GAAP gross margin for Q4 2024 was 20.5%, slightly down from 21.3% in Q4 2023[30] - Non-GAAP operating margin for the full year 2024 improved to 9.6%, up from 8.9% in 2023[30] Cash Flow and Assets - The company generated $236.9 million in operating cash flow in 2024, enabling it to strengthen its balance sheet and return $34.5 million to shareholders through a stock buyback program[15] - Total current assets reached $1,606.74 million, an increase from $1,450.20 million[28] - Cash and cash equivalents, including restricted cash, totaled $503.93 million, up from $450.20 million[28] - Total assets amounted to $3,472.49 million, compared to $3,332.36 million in the previous year[28] - Total long-term liabilities were $1,099.61 million, compared to $1,108.64 million in the previous year[28] - Total equity stood at $1,563.82 million, reflecting a stable financial position[28] - The company reported a net debt of $914.35 million, indicating a manageable debt level[28] Future Projections - For Q1 2025, TTM estimates revenues will be between $600 million and $640 million, with non-GAAP net income projected to be between $0.37 and $0.43 per diluted share[16] Backlog and Revenue Sources - The company reported a record Aerospace and Defense program backlog of $1.56 billion[9] - Data Center Computing revenues accounted for a record 22% of total company revenues[9] Stock-Based Compensation and Other Charges - Total stock-based compensation expense was $8,083 million, compared to $6,159 million in the previous year[29] - Stock-based compensation for the full year 2023 amounted to $22,887 million[33] - The company reported a loss on extinguishment of debt of $1,154 million in Q2 2023[33] - Impairment, restructuring, and acquisition-related charges for the full year 2023 totaled $72,654 million[33] - Unrealized (gain) loss on commodity hedge for the full year 2023 was $(1,192) million[33] Changes in Reporting - The company plans to exclude unrealized foreign exchange gains/losses from non-GAAP measures starting Q1 2025[34]

SANTA ANA, Calif., Feb. 05, 2025 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”), a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies and quick-turn and technologically advanced printed circuit boards (“PCB”s), today reported results for the fourth quarter and fiscal 2024, which ended on December 30, 2024. Fourth Quarter 2024 Highlights Net sales were $651.0 millionGAAP net income of ...