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Ttm Technologies Inc   (TTMI)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 
Price: $14.0800 $-0.15 -1.054%
Day's High: $14.3 Week Perf: -4.28 %
Day's Low: $ 13.97 30 Day Perf: -7.67 %
Volume (M): 2,043 52 Wk High: $ 16.54
Volume (M$): $ 28,760 52 Wk Avg: $13.82
Open: $14.10 52 Wk Low: $11.13



 Market Capitalization (Millions $) 1,450
 Shares Outstanding (Millions) 103
 Employees 29,000
 Revenues (TTM) (Millions $) 2,035
 Net Income (TTM) (Millions $) -70
 Cash Flow (TTM) (Millions $) 73
 Capital Exp. (TTM) (Millions $) 141

Ttm Technologies Inc

We are a leading global printed circuit board (PCB) manufacturer, focusing on quick-turn and volume production of technologically complex PCBs and electro-mechanical solutions (E-M Solutions). We are the largest PCB manufacturer in North America and one of the largest PCB manufacturers in the world, in each case based on revenue, according to the 2016 rankings from N.T. Information LTD (NTI). We focus on providing time-to-market and volume production of advanced technology products and offer a one-stop manufacturing solution to our customers from engineering support to prototype development through final mass production. This one-stop manufacturing solution allows us to align technology development with the diverse needs of our customers and to enable them to reduce the time required to develop new products and bring them to market. We serve a diversified customer base consisting of approximately 2,000 customers in various markets throughout the world, including aerospace and defense, automotive components, smartphones and touchscreen tablets, high-end computing, medical, industrial and instrumentation related products as well as networking/communications infrastructure products. Our customers include both original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) providers.

We manage our worldwide operations based on two reportable segments: (1) PCB, which consists of 13 domestic PCB fabrication plants, including a facility that provides follow-on value-added services; eight PCB fabrication plants in China and one in Canada, and (2) E-M Solutions, which consists of three custom electronic assembly plants in China. Each segment operates predominantly in the same industries with production facilities that produce customized products for our customers and use similar means of product distribution.

Our goal is to be the leading global provider of time-critical, one-stop manufacturing services for highly complex PCBs. Our core strategy includes the following elements:

Maintain our customer-driven culture and provide superior service to our customers in our core markets of aerospace and defense, automotive, cellular phones, computing and storage, medical/industrial/instrumentation, and networking/communications. Our customer-oriented culture is designed to achieve extraordinary service, competitive differentiation, and superior execution. Our customer-oriented strategies include engaging in co-development of new products, capturing new technology products for next generation equipment, and continuing investments to enhance our broad offering of PCB technologies. We believe our ability to anticipate and meet customers’ needs is critical to retaining existing customers and attracting leading companies as new customers.

Drive operational efficiency and productivity. We are highly focused on improving our operational execution to increase efficiency, productivity and yields. We strongly believe in the benefits of sharing best practices across our extensive manufacturing footprint and rely on stringent goals for throughput, quality and customer satisfaction to measure our effectiveness. The fast paced nature of our business requires a disciplined approach to manufacturing that is rooted in continuous improvement.

Accelerate customer and end-market diversification through strategic mergers and acquisitions. We have a history of executing successful acquisitions that have been key to our growth and profitability. We continuously look for strategic opportunities that could facilitate our efforts to further diversify into other growing end markets including automotive and aerospace and defense. Our acquisition of Viasystems has increased, and the announced pending acquisition of Anaren will increase, our service and product offering for our broad customer base. Additionally, our acquisition of Viasystems also provided for diversification into the automotive end market, while our pending acquisition of Anaren will deepen our engagement with existing leading customers in the aerospace and defense end market, demonstrating the benefits of this strategy.

Accelerate our expansion into the automotive and other growing markets using our advanced technology as a key point of differentiation. With rising requirements for faster data transmission, shrinking features (i.e., lightweight and thin), and lower power consumption, many PCB designs have migrated to more complex HDI PCBs from conventional multi-layer PCB technologies. This trend began with PCBs used in portable devices such as smartphones and touchscreen tablets but has become an increasing trend in other end markets, such as automotive, networking/communications, medical, and aerospace and defense. We are focused in particular on the automotive opportunity where the combination of our strength in highly reliable conventional and RF PCBs and our advanced technology PCB product capabilities allows us to meet our automotive customers’ growing demand in such areas as infotainment, radar systems, cameras for advanced driver assistance systems and electric vehicles. As our customers consolidate their supply chain, our objective is to differentiate ourselves as a strategic supplier with the technology breadth to meet most, if not all, of our automotive customers’ PCB requirements.

Address customer needs in all stages of the product life cycle. By providing a one-stop solution, we work to service our customers’ needs from the earliest stages of product design and development through volume production. We believe that by servicing our customers early in the development process, we are able to demonstrate our capabilities and establish an incumbent position early in the product development cycle, which translates into additional opportunities as our customers move into volume production. We believe our expertise is enhanced by our ability to deliver highly complex PCBs to customers in significantly compressed lead times. This rapid delivery service enables OEMs to develop sophisticated electronic products more quickly and reduce their time to market. We believe we will be able to increase customer engagement with our pending acquisition of Anaren’s proprietary and customizable RF solutions from the concept stage through to volume, which typically results in higher customer engagement.

Delever strong financial performance and delever the balance sheet. We aspire to deliver industry-leading financial performance. We expect to achieve this by servicing our customers’ needs in higher-growth end markets in a cost-efficient and effective manner. We believe that this strategy will allow us to generate strong cash flows, which will enable us to reduce financial leverage over time while at the same time providing us with the financial flexibility to continue to invest in our business, including through opportunistic acquisitions.



   Company Address: 200 East Sandpointe Santa Ana 92707 CA
   Company Phone Number: 327-3000   Stock Exchange / Ticker: NASDAQ TTMI
   


Customers Net Income grew by TTMI's Customers Net Profit Margin grew to

45.38 %

17.01 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Product Service News

TTM Technologies Donates $20,000 to Rise Against Hunger while Facing Revenue Decrease

Published Fri, Jan 12 2024 1:30 PM UTC

TTM Technologies, Inc. (NASDAQ: TTMI) continues to showcase its commitment to corporate social responsibility through its recent donation of $20,000 to the international humanitarian organization, Rise Against Hunger. This generous contribution was made possible through TTM's Chair of Community Service Award and exemplifies the company's dedication to supporting those in nee...

Ttm Technologies Inc

TTM Technologies Inc Faces Major Setback: Earnings Plummet and Revenue Declines in Q3

TTM Technologies Inc, a leading global manufacturer of technology solutions, recently reported its financial results for the third quarter of fiscal 2023. The company experienced a significant decline in earnings per share, slipping into a loss of $-0.36 per share compared to $0.42 per share in the same period a year ago. Earnings per share also fell from $0.07 per share in the preceding quarter.
Furthermore, TTM Technologies Inc witnessed a substantial decline in revenue, with a decrease of -14.659% to $572.27 million from $670.57 million in the same quarter of the previous year. However, sequentially, revenue increased by 4.714% from $546.51 million. The net loss for the quarter ending on October 2, 2023, amounted to $-37.066 million, in contrast to a net profit of $43.528 million achieved in the same quarter a year earlier.
One notable aspect of TTM Technologies Inc's financials is the increase in inventories. The level of inventories and supplies rose to $206.2 million, surpassing the preceding quarter's inventory level and the corresponding quarter of the previous year. This might indicate a buildup of inventory that the company needs to sell in subsequent periods.

Ttm Technologies Inc

TTM Technologies Inc. Faces Humbling Three-Month Period in Fiscal Second Quarter of 2023

The stock market has always been a dynamic and exciting place, where investors can find opportunities to grow their wealth and companies can showcase their financial strength. In the case of Ttm Technologies Inc, it is evident that they have faced some challenges in their recent fiscal interval closing July 03, 2023. However, it is important to take a comprehensive look at all the factors before making any judgments or decisions.
One notable aspect is the decline in Ttm Technologies Inc's EPS (earnings per share) by -58.82% to $0.07 per share compared to $0.17 in the previous year. Although this dip may raise concerns, it is crucial to acknowledge that the company managed to turn their EPS from a negative figure of $-0.06 per share in the previous reporting period. This positive turnaround suggests that Ttm Technologies Inc has been actively working on improving their financial performance.

Ttm Technologies Inc

Ttm Technologies Inc Struggles in Current Business Landscape, Records Declining Return on Investment

Ttm Technologies Inc Reports Lower ROI for Q1 2023
Ttm Technologies Inc, a leading technology company, has achieved a return on average invested assets (ROI) of 1.28% in the first quarter of 2023. However, this is below the company's average return on investment of 7.95%. ROI fell compared to the previous quarter, despite net income growth of %.
Within the Technology sector, 163 other companies had a higher return on investment. Although Ttm Technologies Inc's ROI has progressed in the Apr 03 2023 quarter, the company's overall ranking has dropped to 1565 from the total ROI ranking in the fourth quarter of 2023 at 2250.






 

Ttm Technologies Inc's Segments
 
 
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