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 ...

Fourth Quarter 2024 Highlights EXHIBIT 99.1 Contact: Sameer Desai, Vice President, Corporate Development & Investor Relations Sameer.desai@ttmtech.com 714-327-3050 TTM Technologies, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results Santa Ana, CA – February 5, 2025– 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 technologicall ...

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 ...

Conference Call and Financial Results - TTM Technologies will host a conference call on February 5, 2025, at 4:30 p.m. Eastern Time to discuss its Q4 and fiscal year 2024 performance [1] - The conference call can be accessed via a registration link, and participants will receive dial-in information and a unique PIN [2] - The call will also be simulcast on the company's website and remain accessible for one week after the live event [2] - TTM Technologies will release its Q4 and fiscal year 2024 financial results after the market closes on February 5, 2025 [3] Company Overview - TTM Technologies is a global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards (PCBs) [4] - The company's name, TTM, stands for time-to-market, reflecting its focus on enabling customers to shorten product development and market introduction timelines [4]

SANTA ANA, Calif., Jan. 13, 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 printed circuit boards (“PCB”s), is pleased to announce the presentation of the 2024 TTM Chair of Community Service Award to: the TTM Zhongshan Volunteers Association. This award recognizes their exceptional dedication to community service and human ...

SANTA ANA, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), today announced that members of its management team will attend the following investor conferences: Needham Growth Conference on January 14th at the Lotte New York Palace Hotel in New York with a presentation at 8:45am Eastern Time.Citi Global Industrial Tech and Mobility Conference on February 20th at the Ritz Carlton South Beach in Miami Beach, Florida. The presentation time will be posted to TTM’s website when it ...

TTM Technologies (TTMI) has been suffering from mounting challenges, hindering its growth trajectory. Year-over-year declines in revenues from the medical, industrial, instrumentation and automotive end markets, led by persistent inventory normalization and weak demand, have been negatively impacting revenues.TTMI’s ongoing consolidation of manufacturing facilities, while aimed at improving efficiency, is causing short-term disruptions and operational challenges. Moreover, the slow ramp-up of TTMI’s Penang, ...