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TTM Technologies(TTMI) - 2021 Q1 - Earnings Call Presentation
2021-04-30 21:55
| --- | --- | --- | --- | --- | --- | |-------|------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | TTM Technologies, Inc. | | | | | | | | | | | | | | | | | | | | | Q1'21 Earnings Results | | | | | | | | | | | | | | | | | | | | | Presentation | | | | | | | | | | | | April 28th, 2021 Inspiring Innovation Disclaimers Forward-Looking Statements 2 This communication may contain "f orward-looking statements" within the meaning of the Priv ate Securities Litigation Ref orm Act ...
TTM Technologies(TTMI) - 2021 Q1 - Earnings Call Transcript
2021-04-29 02:51
TTM Technologies, Inc. (NASDAQ:TTMI) Q1 2021 Earnings Conference Call April 28, 2021 4:30 PM ET Company Participants Sameer Desai - Vice President of Corporate Development and Investor Relations Tom Edman - Chief Executive Officer Todd Schull - Chief Financial Officer Conference Call Participants William Stein - Truist Securities Mike Crawford - B. Riley Securities Christian Schwab - Craig Hallum Alvin Park - Stifel Tyler Bailey - Needham Paul Chung - JPMorgan Operator Good afternoon, ladies and gentlemen. ...
TTM Technologies(TTMI) - 2020 Q4 - Annual Report
2021-02-22 14:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2020 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 0-31285 TTM TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) ...
TTM Technologies(TTMI) - 2020 Q4 - Earnings Call Presentation
2021-02-04 20:42
| --- | --- | --- | --- | --- | --- | |-------|------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | TTM Technologies, Inc. | | | | | | | | | | | | | | | | | | | | | Q4'20 Earnings Results | | | | | | | | | | | | | | Presentation | | | | | | | | | | | | February 3rd, 2021 Inspiring Innovation Disclaimers Forward-Looking Statements 2 This communication may contain "f orward-looking statements" within the meaning of the Priv ate Securities Litigation Ref orm Act of 1995, in ...
TTM Technologies(TTMI) - 2020 Q4 - Earnings Call Transcript
2021-02-04 04:35
TTM Technologies, Inc. (NASDAQ:TTMI) Q4 2020 Earnings Conference Call February 3, 2021 4:30 PM ET Company Participants Sameer Desai – Senior Director of Corporate Development and Investor Relations Tom Edman – Chief Executive Officer Todd Schull – Chief Financial Officer Conference Call Participants Matt Sheerin – Stifel William Stein – Truist Securities Steven Fox – Fox Advisors Jim Ricchiuti – Needham & Company Paul Coster – JPMorgan Christian Schwab – Craig Hallum Capital Group Mike Crawford – B. Riley O ...
TTM Technologies(TTMI) - 2021 Q3 - Quarterly Report
2020-11-05 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☑ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 28, 2020 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: 0-31285 TTM TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizatio ...
TTM Technologies(TTMI) - 2020 Q3 - Earnings Call Transcript
2020-10-29 00:24
TTM Technologies, Inc. (NASDAQ:TTMI) Q3 2020 Earnings Conference Call October 28, 2020 4:30 PM ET Company Participants Sameer Desai - Senior Director of Corporate Development & Investor Relations Tom Edman - Chief Executive Officer Todd Schull - Chief Financial Officer Conference Call Participants Mike Cikos - Needham & Company Srini Pajjuri - SMBC Nikko Securities Alvin Park - Stifel Mike Crawford - B. Riley Securities Woo Jin Ho - Bloomberg Intelligence Operator Good afternoon, ladies and gentlemen. Thank ...
TTM Technologies(TTMI) - 2021 Q2 - Quarterly Report
2020-08-06 20:06
Financial Performance - Total net sales increased by $43.4 million, or 8.2%, to $570.3 million for Q2 2020 from $526.9 million for Q2 2019, primarily driven by a $53.1 million increase in the PCB segment [121]. - The PCB reportable segment's gross margin increased to 20.3% for Q2 2020 from 19.6% for Q2 2019, while the E-M Solutions segment's gross margin decreased to (1.1%) from 7.3% [123][124]. - The company reported a net income from continuing operations of 1.6% for Q2 2020, down from 2.4% in Q2 2019 [120]. - Overall gross margin decreased to 17.0% for the first two quarters of 2020 from 18.0% for the same period in 2019 [125]. - The company experienced a decrease in net income from continuing operations of $12.6 million, resulting in $6.1 million for the first two quarters of 2020 [138]. Customer and Market Dynamics - Sales to the ten largest customers accounted for 36% of net sales for Q2 2020, down from 40% in Q2 2019, reflecting a diversification in customer base [108]. - The E-M Solutions segment saw a net sales reduction of $9.7 million, or 16.2%, to $50.2 million for Q2 2020, primarily due to lower demand in Automotive and Medical/Industrial markets [121]. - The company serves approximately 1,200 customers across various markets, including aerospace, defense, automotive, and medical sectors [105]. Operational Efficiency - Capacity utilization in Asia PCB facilities rose to 70% for Q2 2020 compared to 60% for Q2 2019, indicating improved production efficiency [126]. - Selling and marketing expenses decreased to $16.0 million for Q2 2020, representing 2.8% of net sales, down from 3.2% in Q2 2019, attributed to reduced travel expenses due to COVID-19 [127]. - Selling and marketing expenses decreased by $2.4 million to $32.1 million for the first two quarters of 2020, representing 3.0% of net sales compared to 3.2% in the same period of 2019 [128]. - General and administrative expenses increased by $19.2 million to $81.4 million for the first two quarters of 2020, accounting for 7.6% of net sales, up from 5.8% in the same period of 2019 [130]. Cash Flow and Debt Management - Cash flow provided by operating activities for continuing operations was $107.4 million for the first two quarters of 2020, down from $120.3 million in the same period of 2019 [138]. - As of June 29, 2020, the company had cash and cash equivalents of approximately $694.7 million, with $389.4 million held by foreign subsidiaries [141]. - Outstanding debt as of June 29, 2020, was $1,482.8 million, including $798.0 million of Term Loan debt due September 2024 [144]. - The company anticipates net capital expenditures and asset acquisitions in the range of $100.0 million to $110.0 million for 2020 [141]. Tax and Interest Rate Exposure - The effective tax benefit increased by $3.6 million to $2.3 million for the first two quarters of 2020, compared to a tax expense of $1.3 million in the same period of 2019 [134]. - The company is exposed to interest rate risk, with approximately 68.3% of total debt based on fixed rates as of June 29, 2020 [156]. - The average interest payout rate for interest rate swaps was 2.84%, with an interest payout amount of $5,741,000 and an average interest received rate of 1.10%, resulting in an interest received amount of $2,224,000 [162]. - The total amount of US$ fixed rate debt is $624,975,000, with a weighted average interest rate of 4.08% [161]. Foreign Exchange Management - As of June 29, 2020, the notional amount of foreign exchange contracts was approximately $1.4 million, down from $2.0 million as of December 30, 2019 [159]. - The estimated fair value of foreign currency forward contracts resulted in a net liability of $3,000 as of June 29, 2020, compared to a net liability of $2,000 as of December 30, 2019 [160]. - The company designated certain foreign exchange contracts as cash flow hedges to manage foreign currency risks [159]. - The company’s foreign subsidiaries may enter into forward exchange contracts to manage foreign currency risks related to machinery purchases [159].
TTM Technologies(TTMI) - 2020 Q2 - Earnings Call Presentation
2020-07-30 12:57
TTM Technologies, Inc. Investor Presentation August, 2020 Inspiring Innovation Disclaimers 2 Forward-Looking Statements This communication may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the future business outlook, events, and expected performance of TTM Technologies, Inc. ("TTM", "we" or the "Company"). The words "anticipate," "believe," "plan," "forecast," "foresee," "estimate," "project," "expect," "seek ...
TTM Technologies(TTMI) - 2020 Q2 - Earnings Call Transcript
2020-07-30 02:53
TTM Technologies, Inc. (NASDAQ:TTMI) Q2 2020 Earnings Conference Call July 29, 2020 4:30 PM ET Company Participants Sameer Desai - Senior Director of Corporate Development and Investor Relations Tom Edman - Chief Executive Officer Todd Schull - Chief Financial Officer Conference Call Participants William Stein - SunTrust Matt Sheerin - Stifel Steve Fox - Fox Advisors Mike Crawford - B. Riley Mike Cikos - Needham & Company Paul Chung - JP Morgan Operator Good day, everyone and ladies and gentlemen, thank you ...