Core Viewpoint - The "2025 Electronic Semiconductor Industry Innovation Development Conference and International Electronic Circuit (Greater Bay Area) Exhibition" (CPCA Show Plus) will take place from October 28 to 30, 2025, in Shenzhen, focusing on innovation-driven development in the semiconductor and electronic circuit industries [1]. Industry Growth and Trends - The PCB manufacturing industry in China experienced robust growth in the first half of 2025, with revenue reaching approximately 183 billion RMB, reflecting a year-on-year increase of over 10% driven by terminal demand and the expansion of emerging applications [4]. - The exhibition aims to leverage the advantages of the Greater Bay Area to stimulate the PCB industry's growth in the AI era by connecting upstream and downstream enterprises [4]. Exhibition Highlights - CPCA Show Plus 2025 will feature over 300 renowned exhibitors, showcasing a comprehensive range of products from PCB manufacturing processes to semiconductor and packaging substrates, providing a one-stop procurement and collaboration service [1][4]. - Key exhibitors include leading companies in the PCB manufacturing sector and those covering advanced materials, equipment, and chemicals, emphasizing a full industry chain approach [5]. Technological Innovations - The exhibition will present smart manufacturing solutions such as automated production lines, AI quality inspection systems, and digital twin factories, aimed at enhancing production efficiency and precision management in the electronic circuit and semiconductor industries [5]. - The event will also highlight sustainable development practices, showcasing green materials, energy-efficient production equipment, and clean production processes to support the industry's low-carbon transformation [5]. Networking and Collaboration - CPCA Show Plus 2025 is expected to attract over 45,000 professional attendees from global PCB application enterprises, research institutions, and buyers, facilitating supply-demand matching and technical exchanges [7]. - The exhibition will feature specialized zones for ceramic substrates, top PCB companies, and academic innovation, allowing attendees to focus on industry dynamics and trends [7]. International Promotion - The event has been promoted through various domestic and international media channels to enhance the global presence of China's electronic manufacturing industry, attracting notable companies from the application demand side [10]. Forums and Activities - A series of forums and activities will be held alongside the exhibition, including the 47th Sino-Japanese Electronic Circuit Autumn Conference, focusing on AI empowerment and industry breakthroughs [13]. - Specialized forums will address various topics, including low-altitude economy, commercial aerospace, and AI technology innovations, catering to diverse attendee interests [14]. Invitation to Industry Stakeholders - CPCA Show Plus 2025 serves as a platform for industry stakeholders to explore opportunities and drive upgrades in the semiconductor sector, inviting global enterprises, experts, and partners to participate [16].

TORONTO, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) (“FTG”) will release the third quarter 2025 financial results after the market closes on Wednesday, October 8, 2025. The Corporation will host a live conference call on Thursday, October 9, 2025, at 8:30am (Eastern) to discuss the third quarter of 2025 financial results. Anyone wishing to participate in the call should dial 1-289-514-5100 or 1-800-717-1738, Conference ID 10435, and identify that you are ...

TTM Technologies (TTMI) 2025 Conference Summary Company Overview - TTM Technologies is a technology solutions provider primarily focused on printed circuit boards (PCBs), which account for approximately 75% of its business. The company generated revenues of about $2.5 billion last year and is diversifying into integrated electronics and subsystems [3][4][6]. Core Business Segments - The company operates in five end markets: - Aerospace and Defense (46% of net sales in 2024) - Data Center Computing - Networking - Medical - Automotive [11][20][22]. Growth and Diversification Strategy - TTM has grown through acquisitions and has shifted focus from traditional PCB manufacturing to more complex, value-added products, particularly in aerospace and defense [6][7]. - The company has a program backlog of nearly $500 million, indicating strong future revenue potential [14]. - Year-to-date revenue growth for 2025 is approximately 15%, with defense revenue growth year-over-year at about 21% [13]. Market Trends and Opportunities - The rise of generative AI is driving demand in data center computing and networking, which are expected to grow significantly [18][22]. - The automotive sector is facing challenges, with expected growth below the industry benchmark due to slower adoption of electric vehicles (EVs) in the U.S. and Europe [22][24]. - The medical and industrial automation sectors are also showing growth, driven by advancements in technology and increased demand for sensors and testing equipment [25][26]. Operational Expansion - TTM is expanding its manufacturing footprint globally, with significant operations in Asia (primarily China and Penang) and the U.S. [8][30]. - A new facility in Penang is expected to generate $200 million in annual revenues, while a facility in Syracuse, New York, will focus on ultra-high-density interconnect PCBs for military applications, projected to generate $100 million [32][34]. Financial Performance - The company has achieved operating margins of around 11% to 13%, with a target of maintaining a leverage ratio between 1.5 to 2 [36][40]. - Strong cash flow from operations has enabled TTM to invest in growth and maintain a solid capital structure [39][42]. Strategic Focus - TTM's strategic focus includes diversification, differentiation through engineering capabilities, and operational discipline [26][35]. - The company is also exploring opportunities in the commercial space sector and is preparing for potential onshoring of manufacturing related to generative AI [18][50]. Leadership Transition - A new CEO has recently been appointed, bringing a more technical background, which may influence the company's focus on technology and innovation moving forward [56][58]. Conclusion - TTM Technologies is well-positioned for growth in aerospace and defense, data center computing, and networking, while navigating challenges in the automotive sector. The company's strategic investments and operational expansions are expected to enhance its competitive edge in the market [57][44].

Core Viewpoint - TTM Technologies (TTMI) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook driven by rising earnings estimates, which significantly influence stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [3][5]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3]. Company Performance and Outlook - The upgrade for TTM suggests an improvement in the company's underlying business, which is expected to be reflected in higher stock prices as investors respond positively [4]. - For the fiscal year ending December 2025, TTM is projected to earn $2.32 per share, with a 5.9% increase in the Zacks Consensus Estimate over the past three months [7]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - TTM's upgrade places it in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [9].

Core Viewpoint - The article emphasizes that going global is a crucial direction for many companies seeking new growth opportunities amid the deep adjustments in the global economic landscape [1]. Group 1: Trends and Market Analysis - The "Going Global" trend is highlighted, with a projected 5.9% growth in China's exports in the first half of 2025, although different industries experience varying levels of success [8]. - Traditional industries like textiles and toys face significant challenges, while emerging sectors such as integrated circuits and agricultural products show rapid export growth [9]. - The shift in global trade patterns indicates a decline in exports to the U.S. and an increase in exports to markets like Thailand, Vietnam, and India post-2023 [10][11]. Group 2: Strategic Considerations for Going Global - Companies must adapt to local market conditions, trade rules, and cultural differences, emphasizing the need for localized strategies [12]. - The transition from an order-focused mindset to a customer-centric approach is essential for sustainable growth, even for industrial intermediate goods [12]. Group 3: Cross-Cultural Management - The process of going global is described in three stages: "watching the sea," "rushing to the sea," and "truly going global," with most companies currently in the first three stages [15]. - Effective human resource management is crucial, involving expatriates, local employees, and international talent to ensure successful market integration [17][18]. - Cultural differences should be viewed as opportunities for innovation rather than obstacles [19]. Group 4: Case Studies and Practical Insights - Cool-Vita's approach in Southeast Asia emphasizes deep localization and long-term brand commitment, adapting products to local consumer habits [27][28]. - The company has achieved significant market penetration in Indonesia, demonstrating the importance of understanding local culture and consumer behavior [29]. Group 5: Educational Initiatives - The "Going Global Navigator Class" aims to provide a comprehensive framework for companies to navigate the complexities of international expansion, featuring insights from experienced mentors [30][31].

Company Performance - TTM Technologies reported quarterly earnings of $0.58 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, and up from $0.39 per share a year ago, representing an earnings surprise of +11.54% [1] - The company posted revenues of $730.62 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 9.38%, compared to year-ago revenues of $605.14 million [2] - TTM has surpassed consensus EPS estimates three times over the last four quarters and topped consensus revenue estimates four times during the same period [2] Stock Performance - TTM shares have increased approximately 96% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.55 on revenues of $667.99 million, and for the current fiscal year, it is $2.19 on revenues of $2.67 billion [7] Industry Outlook - The Electronics - Miscellaneous Components industry, to which TTM belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the industry outlook can materially impact stock performance [5][8]

Financial Data and Key Metrics Changes - TTM Technologies achieved revenue of $730.6 million in Q2 2025, a 21% increase from $605.1 million in Q2 2024, driven by strong demand in various end markets [25][26] - Non-GAAP EPS reached a record $0.58, compared to $0.39 in the same quarter last year, reflecting strong operational performance [31] - Non-GAAP operating margins improved to 11.1%, up 210 basis points year on year, marking the fourth consecutive quarter of double-digit operating margin performance [6][29] Business Line Data and Key Metrics Changes - Aerospace and Defense segment accounted for 45% of total revenues, with net sales of $327.6 million, up from $274.5 million in Q2 2024 [26][17] - Data Center Computing segment represented 21% of total sales, achieving 20% year-on-year growth, driven by demand for generative AI applications [18][19] - Medical Industrial Instrumentation segment contributed 15% of total sales, with a 28% year-on-year growth due to increased demand in robotics and automated test equipment [18][19] Market Data and Key Metrics Changes - The automotive market saw a slight decline, contributing 11% of total sales, down from 14% in the previous year, primarily due to inventory adjustments [19] - Networking segment grew significantly, accounting for 8% of revenue with a 52% year-on-year increase, driven by demand from networking customers [20] - The company maintains a solid backlog in the Aerospace and Defense market, amounting to approximately $1.46 billion, indicating strong future revenue visibility [17][22] Company Strategy and Development Direction - TTM is focusing on expanding its manufacturing capabilities in the U.S. to support defense and generative AI markets, including a new facility in Eau Claire, Wisconsin [9][10] - The company is diversifying its production footprint and end markets, having divested lower-margin facilities in China and invested in new capabilities in the U.S. and Malaysia [7][8] - TTM plans to establish a second production site in Malaysia to meet increasing customer demand and supply chain diversification needs [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the defense market due to increased government spending, with a $150 billion increase in defense budgets expected to drive growth [11][12] - The geopolitical environment is being monitored, but TTM does not anticipate significant short-term impacts from tariffs due to its diversified operations [8] - Management remains optimistic about future growth, particularly in the aerospace and defense sectors, and expects continued strong demand in data center computing [5][6] Other Important Information - The company announced a change in its reportable segments to better reflect its operations, now categorizing into Aerospace and Defense, Commercial, and RF and Specialty Components [26] - TTM's cash flow from operations was 13.4% of revenues, with a net leverage ratio of 1.2 times, indicating a healthy financial position [6][32] - The CEO announced plans to retire, with a search for a successor already underway [24] Q&A Session Summary Question: Timeline for new capacity in Wisconsin and customer requests - Management indicated that the Eau Claire facility is prepared for customer engagement and infrastructure is ready for equipment installation as demand increases [39][40] Question: Concerns about slippage in Malaysia's breakeven timeline - Management stated that while the ramp-up in Penang is slower than anticipated, it does not impact competitive positioning, and customer interest remains strong [46][48] Question: Update on capacity expansion in China - Management confirmed that capacity in China is being expanded, particularly in Dongguan and Guangzhou, to meet data center demands [54][56] Question: Customer diversification in the data center segment - Management reported good diversification in the data center space, with ongoing efforts to balance capacity for core customers while adding new ones [58] Question: Cost competitiveness of the Eau Claire facility - Management acknowledged that initial costs in Eau Claire would be higher than in China, but there is customer appetite for U.S.-sourced capacity [84][85] Question: Margin drag in Penang - Management noted that the margin drag in Penang has worsened slightly, now at about 210 basis points [86]

Core Insights - TTM Technologies (TTMI) is expected to report second-quarter fiscal 2025 results on July 30, with projected revenues of $650-$690 million, indicating a 10.39% year-over-year increase [1][9] - The company anticipates non-GAAP earnings per share (EPS) between 49 cents and 55 cents, reflecting a 33.33% year-over-year growth [2][9] - TTMI has consistently surpassed earnings estimates in the past four quarters, with an average surprise of 17.65% [2] Revenue and Earnings Expectations - The Zacks Consensus Estimate for TTMI's revenues is $667.99 million, which aligns with the company's guidance [1] - The consensus mark for earnings is set at 52 cents per share, unchanged over the past 30 days [2] Segment Performance - The aerospace and defense segment is experiencing strong growth, supported by a $1.55 billion backlog and increased visibility in radar, surveillance, and missile systems [3] - Data center computing and networking are key growth drivers, with AI infrastructure demands likely boosting the need for advanced Printed Circuit Boards [4] Challenges and Risks - Tariff-related uncertainties and weakness in the automotive market may limit revenue growth, with ongoing inventory corrections expected to keep automotive volumes subdued [5] - Start-up costs from the Penang facility are anticipated to compress near-term margins, alongside tariff exposure on imported materials [5] Earnings Model Insights - According to the Zacks model, TTMI has an Earnings ESP of 0.00% and a Zacks Rank of 1 (Strong Buy), indicating a lower likelihood of an earnings beat [6]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with TTM Technologies (TTMI) currently highlighted as a strong candidate due to its favorable growth metrics and Zacks Rank [2][10]. Group 1: Earnings Growth - TTM Technologies has a historical EPS growth rate of 21.3%, with projected EPS growth of 27.1% for the current year, significantly outperforming the industry average of 14.3% [5]. Group 2: Asset Utilization - The company has an asset utilization ratio (sales-to-total-assets ratio) of 0.74, indicating it generates $0.74 in sales for every dollar in assets, which is higher than the industry average of 0.73 [6]. Group 3: Sales Growth - TTM's sales are expected to grow by 8.5% this year, contrasting with the industry average of 0%, showcasing its strong sales growth potential [7]. Group 4: Earnings Estimate Revisions - There has been an upward revision in current-year earnings estimates for TTM, with the Zacks Consensus Estimate increasing by 8.3% over the past month, indicating positive momentum [9]. Group 5: Overall Assessment - TTM has achieved a Growth Score of B and a Zacks Rank of 1 (Strong Buy), suggesting it is a potential outperformer and a solid choice for growth investors [10][11].

Financial Performance - Q1 2025 revenue was $648.7 million, exceeding the guided range of $600 million to $640 million[12] - Non-GAAP EPS for Q1 2025 was $0.50, surpassing the guided range of $0.37 to $0.43 and marking a record for a first quarter[12] - The company anticipates Q2 2025 revenues to be between $650 million and $690 million, with a non-GAAP EPS of $0.49 to $0.55[12] - Q1 2025 Non-GAAP gross margin was 20.8%, compared to 18.8% in Q1 2024[21] - Adjusted EBITDA for Q1 2025 was $99.481 million, resulting in an adjusted EBITDA margin of 15.3%, compared to $70.512 million and 12.4% respectively in Q1 2024[23] Backlog and Book-to-Bill - The book-to-bill ratio for Q1 2025 was 1.10[12] - Aerospace & Defense (A&D) program backlog reached $1.55 billion[12] - Total backlog was $517.5 million in Q1 2025[14] End Market Performance - Aerospace & Defense accounted for 47% of Q1 2025 revenues, with a year-on-year growth of 15%[13] - Data Center Computing represented 21% of Q1 2025 revenues, also with a year-on-year growth of 15%[13] - Networking saw a significant year-on-year growth of 53%, accounting for 8% of Q1 2025 revenues[13]