加利福尼亚州圣安娜, Dec. 04, 2024 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI)（“迅达”）是一家全球领先的技术解决方案制造商，包括任务系统、射频（“RF”）组件和射频微波/微电子组件，以及快板和技术先进的印刷电路板（“PCB”s）。该公司宣布将会参加于 2024 年 12 月 4 日至 6 日在中国深圳国际会展中心（宝安）举行的 2024 年国际电子电路（深圳）展览会，展位于7号馆，展位号 7D20。今年展览会之主题是“AI成就未来”。 迅达将举办一系列技术研讨会，重点介绍我们创新的工程和产品解决方案，旨在解决各种终端市场和应用中的客户挑战。今年新推出的创新交流会将包括“PCB 技术更新：112 Gbps 及更高速度”和“高压应用的 PCB”等主题。 TTM Technologies（“迅达科技”） 高级副总裁、汽车和医疗、工业和仪器仪表（“AMII”）业务部兼全球销售总裁Anthony Sandeen 表示：“我们很高兴能参加这一享有盛誉的行业盛会，并珍视与客户互面交流的机会。我们很希望藉着分享市场趋势、听取市场的见解，可 ...

SANTA ANA, Calif., Dec. 03, 2024 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”), a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies and printed circuit boards (“PCB”s), announces that it will exhibit at the 2024 International Electronics Circuit Exhibition (Shenzhen), at Hall 7, Booth #7D20 from December 4-6, 2024 in the Shenzhen World Exhibition & Convention Center (Bao'an), China. ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to____________ Commission File Number: 000-31285 TTM TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 91-1033443 (State ...

Financial Data and Key Metrics - Net sales for Q3 2024 were $616.5 million, up from $572.6 million in Q3 2023, driven by growth in data center computing and aerospace & defense markets [32] - GAAP operating income for Q3 2024 was $51 million, compared to a GAAP operating loss of $10.2 million in Q3 2023, which included a $44.1 million goodwill impairment charge [33] - Non-GAAP net income for Q3 2024 was $42.7 million, or $0.41 per diluted share, compared to $44.9 million, or $0.43 per diluted share, in Q3 2023 [39] - Adjusted EBITDA for Q3 2024 was $84.4 million, or 13.7% of net sales, compared to $84.1 million, or 14.7% of net sales, in Q3 2023 [40] - Cash flow from operations in Q3 2024 was $65.1 million, representing 10.6% of net sales [40] Business Line Performance - Aerospace & defense accounted for 46% of total Q3 sales, with a book-to-bill ratio of 1.26 and a record program backlog of $1.49 billion [10][21] - Data center computing represented 19% of total Q3 sales, up 20% year-over-year due to strong demand for Generative AI applications [23] - Medical, industrial, and instrumentation contributed 14% of total Q3 sales, with a year-over-year decline due to lower demand and inventory normalization [24] - Automotive sales accounted for 14% of total Q3 sales, with a year-over-year decline due to inventory adjustments and soft demand [25] - Networking represented 7% of Q3 revenue, showing a return to year-over-year growth driven by AI-related demand [26] Market Performance - Aerospace & defense market demand remains strong, supported by defense budgets and supplemental funding related to global conflicts [20] - Data center computing market growth is driven by hyperscale customers and Generative AI applications, with 85% of revenue coming from hyperscalers [56] - Automotive market remains challenged, with program lifetime value wins of $25 million in Q3 and $106 million year-to-date, reflecting market turbulence [64] Strategic Initiatives and Industry Competition - The company is transforming its business to be less cyclical and more differentiated, particularly in the aerospace & defense market, where over 50% of revenue comes from engineered and integrated electronic products [11][12] - A new highly automated PCB manufacturing facility in Penang, Malaysia, is ramping up production, with revenues expected to gain momentum in Q4 2024 [13][14] - The company is consolidating its manufacturing footprint, closing three small PCB facilities and planning to consolidate two non-PCB facilities, reducing the total number of facilities to 22 worldwide [15][16] - A new advanced technology facility in Syracuse, New York, is under construction, focusing on high-technology PCB production for aerospace & defense, with initial low-rate production expected in 2026 [17][18] Management Commentary on Operating Environment and Future Outlook - Management highlighted strong operational execution, favorable revenue mix, and improved operating margins as key drivers of Q3 performance [8][36] - The company expects Q4 2024 net sales to be in the range of $610 million to $650 million, with non-GAAP earnings of $0.44 to $0.50 per diluted share [41] - The Penang facility is expected to reach break-even by mid-2025, with a current drag of 180 basis points on operating margins [49][53] - The Syracuse facility is expected to have minimal P&L impact in 2025, with significant ramp-up in 2026 [59] Other Important Information - The company reported a $17.8 million foreign exchange loss in Q3 2024, driven by unrealized translation effects on balance sheets in China and Malaysia [37] - Top five customers contributed 41% of total Q3 sales, with one customer accounting for over 10% of total sales [30] - The company plans to participate in several investor conferences in Q4 2024, including the Stifel Midwest One-on-One Conference and the UBS Global Industrials and Transportation Conference [44] Q&A Session Summary Question: Foreign Exchange Impact - The foreign exchange loss in Q3 2024 was unhedged and resulted from unrealized translation effects on balance sheets in China and Malaysia [46] Question: Penang Facility Execution - The Penang facility is currently a 180 basis point drag on operating margins, with break-even expected by mid-2025 [49][53] Question: Data Center Computing Market - 85% of data center computing revenue comes from hyperscale customers, primarily driven by Generative AI applications [56] - Visibility for Q4 and Q1 is solid, but forecasting beyond Q1 is challenging [58] Question: Syracuse Expansion - The Syracuse facility is expected to have minimal P&L impact in 2025, with significant ramp-up in 2026 [59] Question: Automotive Market Outlook - The automotive market remains weak, with program lifetime value wins of $25 million in Q3 and $106 million year-to-date [64] - The majority of past program wins are expected to go into production, but ramp schedules and production dates may be delayed [68] Question: Impact of Commercial Aerospace Strikes - Less than 2% of total company revenue is tied to commercial aerospace, with minimal impact from ongoing strikes [69] Question: Syracuse CapEx - The $100 million to $130 million CapEx range for the Syracuse expansion does not include federal and state contributions [71]

Core Viewpoint - TTM Technologies reported quarterly earnings of $0.41 per share, matching the Zacks Consensus Estimate, but down from $0.43 per share a year ago [1] - The company achieved revenues of $616.54 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 2.42% and up from $572.58 million year-over-year [2] Financial Performance - TTM Technologies has surpassed consensus EPS estimates three times over the last four quarters [1] - The company has also topped consensus revenue estimates three times in the last four quarters [2] - TTM shares have increased approximately 24.7% year-to-date, outperforming the S&P 500's gain of 22.3% [3] Future Outlook - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.43 on revenues of $616.78 million, and for the current fiscal year, it is $1.54 on revenues of $2.39 billion [7] - The estimate revisions trend for TTM is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Electronics - Miscellaneous Components industry, to which TTM belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

| --- | --- | --- | |-------|-------|----------------------------------------------------------------------------------------------------------------------------| | | | Contact: | | | | Sameer Desai, Vice President, Corporate Development & Investor Relations Sameer.desai@ttmtech.com 714-327-3050 | TTM Technologies, Inc. Reports Third Quarter 2024 Results Santa Ana, CA – October 30, 2024 – TTM Technologies, Inc. (NASDAQ: TTMI) ("TTM"), a leading global manufacturer of technology solutions including mission s ...

TORONTO and SYDNEY, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Global diversified professional services and investment management company, Colliers (NASDAQ, TSX: CIGI), announced today that Colliers Engineering & Design Australia ("Colliers Engineering") has acquired TTM Group Pty Limited ("TTM"), a leading transportation engineering consultancy headquartered in Brisbane, Queensland. The addition will augment Colliers Engineering's overall scale and add new traffic and transportation capabilities across Queensland, ...