The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companie ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to____________ Commission File Number: 000-31285 TTM TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 91-1033443 (State ...

Financial Data and Key Metrics - Net sales for Q3 2024 were $616.5 million, up from $572.6 million in Q3 2023, driven by growth in data center computing and aerospace & defense markets [32] - GAAP operating income for Q3 2024 was $51 million, compared to a GAAP operating loss of $10.2 million in Q3 2023, which included a $44.1 million goodwill impairment charge [33] - Non-GAAP net income for Q3 2024 was $42.7 million, or $0.41 per diluted share, compared to $44.9 million, or $0.43 per diluted share, in Q3 2023 [39] - Adjusted EBITDA for Q3 2024 was $84.4 million, or 13.7% of net sales, compared to $84.1 million, or 14.7% of net sales, in Q3 2023 [40] - Cash flow from operations in Q3 2024 was $65.1 million, representing 10.6% of net sales [40] Business Line Performance - Aerospace & defense accounted for 46% of total Q3 sales, with a book-to-bill ratio of 1.26 and a record program backlog of $1.49 billion [10][21] - Data center computing represented 19% of total Q3 sales, up 20% year-over-year due to strong demand for Generative AI applications [23] - Medical, industrial, and instrumentation contributed 14% of total Q3 sales, with a year-over-year decline due to lower demand and inventory normalization [24] - Automotive sales accounted for 14% of total Q3 sales, with a year-over-year decline due to inventory adjustments and soft demand [25] - Networking represented 7% of Q3 revenue, showing a return to year-over-year growth driven by AI-related demand [26] Market Performance - Aerospace & defense market demand remains strong, supported by defense budgets and supplemental funding related to global conflicts [20] - Data center computing market growth is driven by hyperscale customers and Generative AI applications, with 85% of revenue coming from hyperscalers [56] - Automotive market remains challenged, with program lifetime value wins of $25 million in Q3 and $106 million year-to-date, reflecting market turbulence [64] Strategic Initiatives and Industry Competition - The company is transforming its business to be less cyclical and more differentiated, particularly in the aerospace & defense market, where over 50% of revenue comes from engineered and integrated electronic products [11][12] - A new highly automated PCB manufacturing facility in Penang, Malaysia, is ramping up production, with revenues expected to gain momentum in Q4 2024 [13][14] - The company is consolidating its manufacturing footprint, closing three small PCB facilities and planning to consolidate two non-PCB facilities, reducing the total number of facilities to 22 worldwide [15][16] - A new advanced technology facility in Syracuse, New York, is under construction, focusing on high-technology PCB production for aerospace & defense, with initial low-rate production expected in 2026 [17][18] Management Commentary on Operating Environment and Future Outlook - Management highlighted strong operational execution, favorable revenue mix, and improved operating margins as key drivers of Q3 performance [8][36] - The company expects Q4 2024 net sales to be in the range of $610 million to $650 million, with non-GAAP earnings of $0.44 to $0.50 per diluted share [41] - The Penang facility is expected to reach break-even by mid-2025, with a current drag of 180 basis points on operating margins [49][53] - The Syracuse facility is expected to have minimal P&L impact in 2025, with significant ramp-up in 2026 [59] Other Important Information - The company reported a $17.8 million foreign exchange loss in Q3 2024, driven by unrealized translation effects on balance sheets in China and Malaysia [37] - Top five customers contributed 41% of total Q3 sales, with one customer accounting for over 10% of total sales [30] - The company plans to participate in several investor conferences in Q4 2024, including the Stifel Midwest One-on-One Conference and the UBS Global Industrials and Transportation Conference [44] Q&A Session Summary Question: Foreign Exchange Impact - The foreign exchange loss in Q3 2024 was unhedged and resulted from unrealized translation effects on balance sheets in China and Malaysia [46] Question: Penang Facility Execution - The Penang facility is currently a 180 basis point drag on operating margins, with break-even expected by mid-2025 [49][53] Question: Data Center Computing Market - 85% of data center computing revenue comes from hyperscale customers, primarily driven by Generative AI applications [56] - Visibility for Q4 and Q1 is solid, but forecasting beyond Q1 is challenging [58] Question: Syracuse Expansion - The Syracuse facility is expected to have minimal P&L impact in 2025, with significant ramp-up in 2026 [59] Question: Automotive Market Outlook - The automotive market remains weak, with program lifetime value wins of $25 million in Q3 and $106 million year-to-date [64] - The majority of past program wins are expected to go into production, but ramp schedules and production dates may be delayed [68] Question: Impact of Commercial Aerospace Strikes - Less than 2% of total company revenue is tied to commercial aerospace, with minimal impact from ongoing strikes [69] Question: Syracuse CapEx - The $100 million to $130 million CapEx range for the Syracuse expansion does not include federal and state contributions [71]

Core Viewpoint - TTM Technologies reported quarterly earnings of $0.41 per share, matching the Zacks Consensus Estimate, but down from $0.43 per share a year ago [1] - The company achieved revenues of $616.54 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 2.42% and up from $572.58 million year-over-year [2] Financial Performance - TTM Technologies has surpassed consensus EPS estimates three times over the last four quarters [1] - The company has also topped consensus revenue estimates three times in the last four quarters [2] - TTM shares have increased approximately 24.7% year-to-date, outperforming the S&P 500's gain of 22.3% [3] Future Outlook - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.43 on revenues of $616.78 million, and for the current fiscal year, it is $1.54 on revenues of $2.39 billion [7] - The estimate revisions trend for TTM is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Electronics - Miscellaneous Components industry, to which TTM belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

| --- | --- | --- | |-------|-------|----------------------------------------------------------------------------------------------------------------------------| | | | Contact: | | | | Sameer Desai, Vice President, Corporate Development & Investor Relations Sameer.desai@ttmtech.com 714-327-3050 | TTM Technologies, Inc. Reports Third Quarter 2024 Results Santa Ana, CA – October 30, 2024 – TTM Technologies, Inc. (NASDAQ: TTMI) ("TTM"), a leading global manufacturer of technology solutions including mission s ...

TORONTO and SYDNEY, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that Colliers Engineering & Design Australia ("Colliers Engineering") has acquired TTM Group Pty Limited ("TTM"), a leading transportation engineering consultancy headquartered in Brisbane, Queensland. The addition will augment Colliers Engineering's overall scale and add new traffic and transportation capabilities across Queensland, ...

SANTA ANA, Calif., Sept. 24, 2024 (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 printed circuit boards ("PCB"s) is introducing its ultra-compact, low-profile broadband balanced to unbalanced transformers, the XMB0220K1- 50100G and XMB0465Z1-50100G. These state-of-the-art balun transformers are engineered for diverse end market ...

Hello Group Inc. (NASDAQ: MOMO ) reported the interest of Mr. Cook, CEO of Apple. The CEO visited the company in 2024, which could, in my view, bring the attention of new investors in the future. MOMO has a significant amount of expertise I worked for several financial institutions in Europe almost all my life. I usually covered european, and american stocks for several clients in NY. I look for consistent earnings, and dividend growth. I avoid stocks without more than seven years in the market, and mostly ...