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TTM Technologies, Inc. Achieves CMMC Level 2 Certification
Globenewswire· 2025-08-08 12:00
SANTA ANA, Calif., Aug. 08, 2025 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards (“PCB”s), today announced that it has been officially appraised at Final Cybersecurity Maturity Model Certification (“CMMC”) Level 2, demonstrating the company’s strong commitment to safeguarding C ...
TTM Technologies, Inc. Reports Second Quarter 2025 Results
Globenewswire· 2025-07-30 20:05
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].
TTM Technologies, Inc. Board of Directors Approves New $100 million Share Repurchase Program
Globenewswire· 2025-05-09 12:00
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].