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TTM Technologies (TTMI)
NASDAQ:TTMI
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.4Last Year’s EPS
0.31Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 5.00%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong revenue growth in key markets such as Aerospace and Defense and Data Center Computing. However, challenges were noted in the form of a significant goodwill impairment charge and declines in Automotive and Medical, Industrial, and Instrumentation markets.Company Guidance
During the fourth quarter of 2024, TTM Technologies Inc. achieved notable financial results, with revenue reaching $651 million, marking a 14% year-over-year increase. This growth was primarily driven by strong performances in the Aerospace and Defense, Data Center Computing, and Networking end markets, although it was partially offset by declines in the Automotive, Medical Industrial, and Instrumentation sectors. The company reported a non-GAAP operating margin of 10.1%, a slight decrease from the previous year's 10.7%, mainly due to startup costs in Penang and increased employee-related expenses. TTM's book-to-bill ratio stood at 1.09, with Aerospace and Defense achieving a ratio of 1.14. A&D accounted for 47% of total fourth-quarter sales, reaching an all-time high with a 16% year-on-year growth. The Data Center Computing sector also saw a significant 44% year-on-year increase, representing 22% of total sales, fueled by demand for Generative AI applications. Meanwhile, the company’s overall EBITDA for the quarter was $108.7 million, or 16.7% of net sales, and it ended the quarter with $503.9 million in cash and cash equivalents. Looking ahead to Q1 2025, TTM projects net sales between $600 million and $640 million and non-GAAP earnings per share between $0.37 and $0.43.Record Revenue Growth
TTM Technologies achieved a 14% year-on-year revenue growth in Q4 2024, driven by strong demand in Aerospace and Defense, Data Center Computing, and Networking end markets.
Aerospace and Defense Market Performance
Revenues in the Aerospace and Defense market grew 16% year-on-year to an all-time high, with a book-to-bill ratio of 1.14 and a record program backlog of $1.56 billion.
Data Center Growth
Data Center Computing sales represented 22% of total Q4 sales, a 44% year-on-year increase due to demand for Generative AI applications.
Strong Cash Flow and Reduced Debt
Cash flow from operations was $86.1 million, representing over 13% of net sales, and net debt-to-EBITDA leverage was reduced to 1.2 times.
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TTMI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TTMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $24.78 | $26.72 | +7.83% |
| Oct 30, 2024 | $19.71 | $19.72 | +0.05% |
| Jul 31, 2024 | $20.74 | $19.38 | -6.56% |
| May 01, 2024 | $14.93 | $14.77 | -1.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TTM Technologies (TTMI) report earnings?
TTM Technologies (TTMI) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is TTM Technologies (TTMI) earnings time?
TTM Technologies (TTMI) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTMI EPS forecast?
TTMI EPS forecast for the fiscal quarter 2025 (Q1) is 0.4.
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