TTM Technologies, Inc. Board of Directors Approves New $100 million Share Repurchase Program

Core Viewpoint - TTM Technologies, Inc. has authorized a new share repurchase program with a total market value of up to $100 million, effective through May 7, 2027, following the expiration of its previous program on May 3, 2025 [1][2]. Group 1: Share Repurchase Program - The new share repurchase program allows the company to buy back its outstanding common stock, providing flexibility to enhance shareholder value [1][2]. - The program will be executed based on management's discretion, considering factors such as liquidity, cash flows, and market conditions [2]. - The repurchase may occur through various methods, including open market purchases and privately negotiated transactions, and does not obligate the company to acquire a specific amount of stock [2]. Group 2: Financial Position - The company has a solid cash flow generation and a strong balance sheet, making share repurchases a prudent use of capital [2]. - Strategic acquisitions remain a primary goal for the use of free cash flow, but the new authorization adds flexibility for shareholder value enhancement [2]. Group 3: Company Overview - TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including RF components and advanced printed circuit boards [3]. - The company focuses on reducing the time required for customers to develop new products and bring them to market through its design, engineering, and manufacturing services [3].