Ttm Technologies ( (TTMI) ) has released its Q1 earnings. Here is a breakdown of the information Ttm Technologies presented to its investors.
TTM Technologies, Inc. is a global leader in manufacturing technology solutions, specializing in mission systems, RF components, and advanced printed circuit boards, catering to various sectors including aerospace, defense, and data center computing.
In its first-quarter 2025 earnings report, TTM Technologies announced a significant 14% year-on-year increase in net sales, reaching $648.7 million. The company also reported a record non-GAAP net income for the first quarter, highlighting robust demand in its key markets.
Key financial metrics from the report include a GAAP net income of $32.2 million, or $0.31 per diluted share, and a non-GAAP net income of $52.4 million, or $0.50 per diluted share. The company’s adjusted EBITDA rose to $99.5 million, representing 15.3% of sales, driven by strong performance in aerospace and defense, as well as data center computing and networking sectors.
Looking ahead, TTM Technologies projects second-quarter revenues between $650 million and $690 million, with non-GAAP net income per diluted share anticipated to range from $0.49 to $0.55. The company remains optimistic about its growth trajectory, supported by continued demand in its core markets.