Core Insights - TTM Technologies, Inc. will exhibit at Electronica India 2025, showcasing advancements in PCB technologies and innovative solutions for the electronics industry [1][2][3] Company Overview - TTM Technologies is a leading global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards [4] - The company emphasizes time-to-market, enabling customers to shorten product development cycles [4] Industry Engagement - The participation in Electronica India 2025 highlights the importance of the Indian market and the rapidly advancing electronics industry [3] - TTM aims to collaborate with industry leaders and demonstrate how its technologies can support innovations across various sectors, including data center computing, networking communications, medical, industrial, and aerospace [3]

Core Insights - TTM Technologies, Inc. has appointed Dr. Edwin Roks as the new President and CEO, effective September 2, 2025, succeeding Thomas T. Edman, who is retiring after serving since 2014 [1][5] - Dr. Roks will also serve as a Class II director on the Board, filling a vacancy with a term expiring at the 2026 annual meeting of stockholders [2] Company Overview - TTM Technologies is a leading global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards (PCBs) [6] - The company emphasizes time-to-market, enabling customers to reduce the time required to develop and launch new products [6] Leadership Transition - Dr. Roks brings extensive experience from the aerospace and defense and industrial electronics sectors, having previously served as CEO of Teledyne Technologies until April 2025 [3] - His leadership at Teledyne included significant contributions to growth in digital imaging and successful integration of major acquisitions [3][4] - The Board of Directors expressed confidence in Dr. Roks' ability to guide TTM into its next phase of growth and innovation, highlighting his operational excellence and strategic vision [4]

Core Insights - TTM Technologies, Inc. has achieved Final Cybersecurity Maturity Model Certification (CMMC) Level 2, highlighting its commitment to cybersecurity and compliance with U.S. Department of Defense requirements [1][2][3] Group 1: Certification Details - CMMC Level 2 certification requires the implementation of 110 security practices aligned with NIST SP 800-171, demonstrating TTM's adherence to stringent security standards [2] - The successful appraisal enhances TTM's reputation as a trusted partner for customers, suppliers, and government entities [3] Group 2: Future Commitment - TTM Technologies will continue to invest in comprehensive cybersecurity governance for both classified and unclassified offerings, ensuring ongoing compliance as CMMC evolves [3]

Core Insights - TTM Technologies, Inc. announced the retirement of President and CEO Thomas T. Edman, with a search for his successor underway, expected to conclude by the end of 2025 [1][2][4] - Edman has been with the company since 2004, serving as President since 2013 and CEO since 2014, leading TTM through significant growth and operational improvements [2][3] - Under Edman's leadership, TTM has strengthened its capabilities in the Aerospace and Defense market and expanded its focus on Data Center Computing and Networking, particularly in support of generative AI [2][3] Company Performance - TTM is experiencing its strongest first half of any year in terms of revenue growth and margins, supported by a solid balance sheet for future growth [3] - The company has successfully integrated multiple acquisitions and diversified its end markets, enhancing its position as a global leader in advanced electronics solutions [3] Leadership Transition - Edman will remain as President and CEO until a successor is appointed and will continue to serve as a Director and member of the Government Security Committee post-transition [1][4] - The Board of Directors expressed gratitude for Edman's visionary leadership and commitment, noting his impact on the company's strategic direction [4]

Core Insights - TTM Technologies, Inc. reported strong financial results for the second quarter of 2025, with significant year-on-year growth in net sales and net income [2][3][4]. Financial Performance - Net sales for Q2 2025 were $730.6 million, a 21% increase from $605.1 million in Q2 2024 [2][8]. - GAAP operating income rose to $61.8 million in Q2 2025 from $39.0 million in Q2 2024 [2]. - GAAP net income for Q2 2025 was $41.5 million, or $0.40 per diluted share, compared to $26.4 million, or $0.25 per diluted share, in Q2 2024 [3][8]. - Non-GAAP net income for Q2 2025 was $60.8 million, or $0.58 per diluted share, up from $40.2 million, or $0.39 per diluted share, in Q2 2024 [4][22]. - Adjusted EBITDA for Q2 2025 was $109.7 million, representing 15.0% of sales, compared to $84.6 million, or 14.0% of sales, in Q2 2024 [4][22]. Market Demand and Growth Drivers - The revenue growth was attributed to strong demand in Aerospace and Defense, Medical, Industrial and Instrumentation, Data Center Computing, and Networking markets, with particular growth in Data Center Computing driven by generative AI requirements [5]. - Non-GAAP operating margins improved to 11.1%, an increase of 210 basis points year-on-year, marking the fourth consecutive quarter of double-digit margins [5]. Business Outlook - For Q3 2025, TTM estimates revenues to be between $690 million and $730 million, with non-GAAP net income projected to be between $0.57 and $0.63 per diluted share [6]. Operational Developments - The company announced the acquisition of a facility in Wisconsin and land rights in Penang to support regional diversification of PCB supply chains and future growth [5]. Segment Performance - Segment sales for Aerospace and Defense reached $327.6 million, up from $274.5 million in Q2 2024, while Commercial segment sales increased to $395.6 million from $323.3 million [21]. - The Aerospace and Defense segment accounted for 45% of total sales, while Data Center Computing also represented 21% [20]. Cash Flow and Financial Health - Cash flow from operations was reported at $97.8 million, or 13.4% of revenues, indicating strong operational efficiency [5][8]. - Total assets as of June 30, 2025, were $3.58 billion, with total stockholders' equity at $1.64 billion [19].

Company Overview - TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including mission systems, radio frequency components, RF microwave/microelectronic assemblies, and advanced printed circuit boards (PCBs) [4] Upcoming Events - TTM Technologies will host a conference call on July 30, 2025, at 4:30 p.m. Eastern Time to discuss its second quarter 2025 performance [1] - The company will release its second quarter 2025 financial results after the market closes on the same day [3] - Access to the conference call will be available through a registration link, and participants will receive dial-in information and a unique PIN [2]

Core Insights - TTM Technologies, Inc. has announced the acquisition of a 750,000-square-foot facility in Eau Claire, Wisconsin, and land rights for a future manufacturing site in Penang, Malaysia, to enhance its manufacturing capabilities [1][3][4] Group 1: Acquisition Details - The Eau Claire facility was previously owned by TDK and is well-equipped for advanced technology PCB manufacturing, allowing TTM to reduce lead times for U.S. domestic capacity [3][4] - The new facility in Penang will support supply chain diversification beyond China, providing cost-competitive, high-quality PCB manufacturing in Southeast Asia [4] Group 2: Strategic Implications - These investments align with TTM's strategy to offer regionally optimized, globally connected manufacturing solutions, enhancing supply chain security and flexibility for global customers [2][4] - The Eau Claire facility is expected to support high-volume production for key markets, particularly in data center computing and networking for generative AI applications [3][4] Group 3: Economic Impact - The expansion in Wisconsin is seen as beneficial for the local economy, with the state recognized for its precision manufacturing capabilities [4] - TTM does not anticipate significant impacts on its operational results or financial condition for 2025 from these investments [5]

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].

Core Insights - TTM Technologies, Inc. announces the retirement of its founder and former CEO, Kent Alder, marking a significant transition for the company [1][2] - Kent Alder founded TTM in 1998, transforming it from a small operation into a global leader in the electronics industry, emphasizing core values such as integrity and performance excellence [2] - The company honors Kent Alder's contributions through the annual "Alder Award," which recognizes outstanding internal team performance, ensuring his legacy continues [3] Company Overview - TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and advanced printed circuit boards [4] - The company focuses on reducing time-to-market for customers through its design, engineering, and manufacturing services [4]

Core Viewpoint - TTM Technologies, Inc. reported strong financial results for the first quarter of 2025, with significant year-over-year growth in net sales and net income, driven by demand in key markets such as Aerospace and Defense, Data Center Computing, and Networking, particularly influenced by generative AI [1][5]. Financial Performance - Net sales for Q1 2025 were $648.7 million, a 14% increase from $570.1 million in Q1 2024 [3]. - GAAP operating income for Q1 2025 was $50.3 million, compared to $17.1 million in Q1 2024 [3]. - GAAP net income for Q1 2025 was $32.2 million, or $0.31 per diluted share, up from $10.5 million, or $0.10 per diluted share in Q1 2024 [3]. - Non-GAAP net income for Q1 2025 was $52.4 million, or $0.50 per diluted share, compared to $29.1 million, or $0.28 per diluted share in Q1 2024 [4]. - Adjusted EBITDA for Q1 2025 was $99.5 million, representing 15.3% of sales, compared to $70.5 million, or 12.4% of sales in Q1 2024 [4]. Business Outlook - For Q2 2025, TTM estimates revenues to be in the range of $650 million to $690 million, with non-GAAP net income projected between $0.49 and $0.55 per diluted share [6]. Market Segmentation - In Q1 2025, the end market breakdown was as follows: Aerospace and Defense (47%), Automotive (11%), Data Center Computing (21%), Medical/Industrial/Instrumentation (13%), and Networking (8%) [20]. Operational Metrics - The company reported a book-to-bill ratio of 1.10 for Q1 2025, indicating a healthy order intake relative to sales [8]. - The Aerospace and Defense program backlog stood at $1.55 billion [8].