Exhibit 99.1 Contact: Sameer Desai, Vice President, Corporate Development & Investor Relations Sameer.desai@ttmtech.com 714-327-3050 TTM Technologies, Inc. Reports Second Quarter 2024 Results Santa Ana, CA – July 31, 2024 – TTM Technologies, Inc. (NASDAQ: TTMI), a leading global manufacturer of technology solutions including mission systems, radio frequency ("RF") components and RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards ("PCB"), today reported re ...

SANTA ANA, Calif., July 10, 2024 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI) will host a conference call on Wednesday, July 31, at 1:00 p.m. Eastern Time/10:00 a.m. Pacific Time to discuss its second quarter 2024 performance. About TTM TTM Technologies will release its second quarter 2024 financial results before the market opens on Wednesday, July 31, 2024. Contact: Sameer Desai Vice President, Corporate Development & Investor Relations sameer.desai@ttmtech.com 714-327-3050 Access to the confe ...

PART I: FINANCIAL INFORMATION [Item 1. Financial Statements (unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) Unaudited consolidated condensed financial statements for Q1 2024 are presented, covering balance sheets, income, equity, and cash flow statements with detailed notes [Consolidated Condensed Balance Sheets](index=3&type=section&id=Consolidated%20Condensed%20Balance%20Sheets) Total assets were $3.30 billion as of April 1, 2024, with liabilities at $1.78 billion and stockholders' equity at $1.52 billion Consolidated Condensed Balance Sheet Highlights (in thousands) | Account | April 1, 2024 | January 1, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $1,406,114 | $1,429,687 | | **Total Assets** | **$3,298,810** | **$3,323,663** | | **Total Current Liabilities** | $671,207 | $703,984 | | **Total Liabilities** | $1,777,702 | $1,812,624 | | **Total Stockholders' Equity** | $1,521,108 | $1,511,039 | [Consolidated Condensed Statements of Operations](index=5&type=section&id=Consolidated%20Condensed%20Statements%20of%20Operations) Q1 2024 net sales increased 4.7% to $570.1 million, achieving a net income of $10.5 million ($0.10 diluted EPS) from a prior-year loss Q1 2024 vs. Q1 2023 Statement of Operations (in thousands, except per share data) | Metric | Q1 2024 (ended Apr 1) | Q1 2023 (ended Apr 3) | Change | | :--- | :--- | :--- | :--- | | Net Sales | $570,113 | $544,437 | +4.7% | | Gross Profit | $103,719 | $86,123 | +20.4% | | Operating Income (Loss) | $17,067 | $(3,468) | Turnaround to Profit | | Net Income (Loss) | $10,466 | $(5,814) | Turnaround to Profit | | Diluted EPS | $0.10 | $(0.06) | Turnaround to Profit | [Consolidated Condensed Statements of Cash Flows](index=8&type=section&id=Consolidated%20Condensed%20Statements%20of%20Cash%20Flows) Net cash from operations was $43.9 million in Q1 2024, with investing activities using $42.6 million and financing activities using $11.1 million Q1 2024 vs. Q1 2023 Cash Flow Summary (in thousands) | Cash Flow Activity | Q1 2024 (ended Apr 1) | Q1 2023 (ended Apr 3) | | :--- | :--- | :--- | | Net Cash from Operating Activities | $43,895 | $55,078 | | Net Cash (used in) provided by Investing Activities | $(42,559) | $9,627 | | Net Cash used in Financing Activities | $(11,084) | $(50,000) | | **Net (Decrease) Increase in Cash** | **$(9,820)** | **$14,703** | [Notes to Consolidated Condensed Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Condensed%20Financial%20Statements) Detailed notes provide disclosures on accounting policies, revenue recognition, segment information, debt, and restructuring activities, including Q1 2024 stock repurchases Revenue by End Market (Q1 2024 vs Q1 2023) | End Market | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Aerospace and Defense | 46% | 43% | | Data Center Computing | 21% | 10% | | Medical/Industrial/Instrumentation | 14% | 19% | | Automotive | 13% | 17% | | Networking | 6% | 11% | - The company has a share repurchase program authorized for up to **$100 million**[30](index=30&type=chunk) - In Q1 2024, it repurchased **600,000 shares** for approximately **$9.3 million**, with about **$66.2 million** remaining under the program[31](index=31&type=chunk) - A consolidation plan announced in February 2023 resulted in the closure of three manufacturing facilities[83](index=83&type=chunk) - Restructuring charges of **$3.9 million** were recorded in Q1 2024 related to this and other realignment efforts[84](index=84&type=chunk) - Significant customer concentration exists, with two customers accounting for approximately **22% of net sales** in Q1 2024[36](index=36&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2024 financial performance, highlighting sales growth drivers, gross margin improvement, and significant capital expenditure plans for a new PCB facility - Net sales increased by **4.7% to $570.1 million** in Q1 2024, driven by demand growth in the aerospace and defense (**+13.5% YoY**) and data center computing (**+107% YoY**) end markets[99](index=99&type=chunk) - Gross margin rose to **18.2%** in Q1 2024 from **15.8%** in Q1 2023, attributed to a favorable product mix and improved execution in North America[100](index=100&type=chunk) - The company is in the advanced planning stages for a new PCB manufacturing facility in Syracuse, New York, with phase one estimated to cost **$100.0 million to $130.0 million** through 2026[87](index=87&type=chunk) - Cash flow from operations was **$43.9 million**, down from **$55.1 million** year-over-year, primarily due to increased investment in working capital[109](index=109&type=chunk) - Total capital expenditures for 2024 are projected to be in the range of **$170.0 million to $190.0 million**[113](index=113&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=35&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages market risks from interest rates, foreign currency (RMB), and commodity prices (copper) using derivative instruments, with 80.9% of debt fixed rate as of April 1, 2024 - The company manages interest rate risk on its variable-rate debt using an interest rate swap with a notional amount of **$250.0 million**, effectively fixing the rate at **3.49%** on that portion of debt[127](index=127&type=chunk) - Primary foreign currency exposure is to the Chinese Renminbi (RMB) due to operational costs in China[130](index=130&type=chunk) - TTM hedges against copper price volatility, a key raw material cost driver, using commodity contracts[132](index=132&type=chunk) - A **100 basis point** change in variable interest rates would cause the annual interest cost to change by **$1.8 million**[129](index=129&type=chunk) [Item 4. Controls and Procedures](index=36&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, deemed disclosure controls effective as of April 1, 2024, with ongoing ERP system implementation and no material changes to internal controls - The CEO and CFO concluded that disclosure controls and procedures were effective as of April 1, 2024, providing reasonable assurance of timely and accurate reporting[134](index=134&type=chunk) - The company is continuing the rollout of a new ERP system across its remaining locations to standardize processes[136](index=136&type=chunk) - There were no material changes in the company's internal control over financial reporting during the first quarter of 2024[137](index=137&type=chunk) PART II: OTHER INFORMATION [Item 1. Legal Proceedings](index=37&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings, but management does not expect a material adverse effect on its financial condition or results - The company does not expect known legal proceedings to have a material impact on its financial statements[139](index=139&type=chunk) [Item 1A. Risk Factors](index=37&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the company's risk factors from those disclosed in its Annual Report on Form 10-K for the fiscal year ended January 1, 2024 - No material changes to risk factors were reported for the quarter[140](index=140&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=37&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) In Q1 2024, TTM repurchased 600,000 shares for $9.3 million under its $100 million share repurchase program, with $66.2 million remaining Issuer Purchases of Equity Securities (Q1 2024) | Period | Total Shares Purchased (in thousands) | Average Price Paid per Share | Approx. Dollar Value Remaining in Program (in thousands) | | :--- | :--- | :--- | :--- | | Jan 30 - Feb 26, 2024 | 600 | $15.56 | $66,234 | [Item 3. Defaults Upon Senior Securities](index=37&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) This item is not applicable to the company for the reporting period - Not applicable[143](index=143&type=chunk) [Item 4. Mine Safety Disclosures](index=37&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company for the reporting period - Not applicable[144](index=144&type=chunk) [Item 5. Other Information](index=37&type=section&id=Item%205.%20Other%20Information) During the first fiscal quarter of 2024, none of the company's directors or executive officers adopted or terminated a Rule 10b5-1 trading plan for the purchase or sale of company securities - No directors or executive officers adopted or terminated a Rule 10b5-1 trading plan during the quarter[145](index=145&type=chunk) [Item 6. Exhibits](index=38&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications under Sarbanes-Oxley and Inline XBRL financial data files - The report includes required CEO and CFO certifications under Sarbanes-Oxley Sections 302 and 906, along with Inline XBRL data files[147](index=147&type=chunk) Signatures - The Form 10-Q report was signed on May 7, 2024, by Thomas T. Edman, President and Chief Executive Officer, and Daniel L. Boehle, Executive Vice President and Chief Financial Officer[151](index=151&type=chunk)[153](index=153&type=chunk)

TTM Technologies, Inc. (NASDAQ:TTMI) Q1 2024 Earnings Conference Call May 1, 2024 1:00 PM ET Company Participants Sameer Desai - VP, Corporate Development and Investor Relations Thomas Edman - President, CEO & Director Daniel Boehle - CFO & EVP Conference Call Participants Matt Sheerin - Stifel Jim Ricchiuti - Needham & Company William Stein - Truist Securities Mike Crawford - B. Riley Financial Operator Thank you for standing by, and welcome to the TTM Technologies First Quarter 2024 Financial Results Conf ...

Financial Performance - Net sales for Q1 2024 were $570.1 million, a 4.8% increase from $544.4 million in Q1 2023[3] - GAAP net income for Q1 2024 was $10.5 million, or $0.10 per diluted share, compared to a net loss of $5.8 million, or ($0.06) per diluted share in Q1 2023[4] - Non-GAAP net income for Q1 2024 was $32.8 million, or $0.31 per diluted share, up from $18.6 million, or $0.18 per diluted share in Q1 2023[5] - Adjusted EBITDA for Q1 2024 was $74.8 million, representing 13.1% of sales, compared to $58.5 million, or 10.7% of sales in Q1 2023[5] - Operating income for Q1 2024 was $17.1 million, a significant recovery from an operating loss of $3.5 million in Q1 2023[4] - Non-GAAP gross profit for Q1 2024 was $107.17 million, up from $92.86 million in Q1 2023, representing a 15.4% increase[22] - Non-GAAP operating income increased to $40.69 million in Q1 2024 from $33.35 million in Q1 2023, marking a 22.1% rise[22] - GAAP net income for Q1 2024 was $10.47 million, compared to a loss of $5.81 million in Q1 2023[22] - Non-GAAP net income for Q1 2024 was $32.79 million, up from $18.65 million in Q1 2023, a 75.6% increase[22] - Adjusted EBITDA for Q1 2024 was $74.79 million, compared to $58.53 million in Q1 2023, indicating a 27.7% growth[22] Cash Flow and Balance Sheet - Cash flow from operations was $43.9 million, equating to 7.7% of revenue, allowing for stock repurchases while maintaining a solid balance sheet[6] - The company repurchased 600,000 shares of common stock for $9.3 million at an average price of $15.56 per share[8] - TTM's net leverage ratio stands at 1.5x, indicating a healthy balance sheet[6] - Cash and cash equivalents, including restricted cash, totaled $440.38 million, a decrease from $450.20 million[20] - Total current assets amounted to $1.40 billion, reflecting a slight increase from $1.41 billion[20] - Total assets reached $3.29 billion, indicating a growth from $3.32 billion[20] - Total current liabilities were reported at $671.20 million, a decrease from $770.39 million[20] - Total long-term liabilities stood at $1.10 billion, consistent with previous reports[20] - Total equity was $1.52 billion, showing a slight decline from $1.51 billion[20] - Short-term debt, including current portion of long-term debt, was $262.50 million, down from $350.00 million[20] - Total liabilities and equity combined were $3.29 billion, consistent with total assets[20] Revenue Drivers - The increase in revenue is attributed to strong demand in Aerospace and Defense and Data Center Computing markets[6] Future Projections - For Q2 2024, TTM estimates revenues will range from $560 million to $600 million, with non-GAAP net income projected between $0.32 and $0.38 per diluted share[7] Non-GAAP Measures - Non-GAAP gross profit and gross margin measures exclude various charges, providing a clearer view of the company's financial performance[1] - Non-GAAP operating income and operating margin measures also exclude specific charges, enhancing the understanding of operational efficiency[2] - Non-GAAP net income and non-GAAP EPS are adjusted for several non-cash and one-time items, offering additional insights into the company's ongoing financial condition[3] - Adjusted EBITDA is defined as earnings before various expenses and charges, serving as a key measure for evaluating operational performance[4] - The company believes that adjusted EBITDA is useful for comparing performance with similar companies and assessing future financial obligations[5] - Income tax adjustments reflect differences between non-GAAP and GAAP tax rates, impacting overall financial results[6]

TTM Technologies, Inc. (NASDAQ:TTMI) Q4 2023 Earnings Conference Call February 7, 2024 11:00 AM ET Company Participants Sameer Desai - Senior Director, Corporate Development & IR Thomas Edman - CEO Dan Boehle - CFO Conference Call Participants Jim Ricchiuti - Needham & Company Mike Crawford - B. Riley Securities William Stein - Truist Securities Matt Sheerin - Stifel Jim Ricchiuti - Needham & Company Operator Good morning. Thank you for standing by. Welcome to the TTM Technologies Fourth Quarter and Full Ye ...

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 October 2, 2023 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 91-1033443 (I.R.S. Employer Identification No.) 200 East Sandpointe, Suite 400, Santa Ana, California 92707 (Address of principal executive offices) Or ☐ TRANSITION REP ...

Disclaimers It is uncertain whether any of the events anticipated by the forward - looking statements will transpire or occur, or if any of th em do, what impact they will have on the results of operations and financial condition of the Company. These forward - looking statements are based on assumptions that may not materialize, and involve certai n risks and uncertainties, many of which are beyond our control, that could cause actual events or performance to differ materially from those indicated in such ...

TTM Technologies, Inc. (NASDAQ:TTMI) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Sameer Desai - Senior Director, Corporate Development & IR Thomas Edman - President and CEO Dan Boehle - CFO Conference Call Participants Jim Ricchiuti - Needham & Company Mike Crawford - B. Riley Securities William Stein - Truist Securities Chan Park - Stifel Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the TTM Technologies' Third Quarter Fiscal 2023 ...

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 July 3, 2023 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) (State or other jurisdiction of i ...