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TTM Technologies (TTMI)
NASDAQ:TTMI
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.47Last Year’s EPS
0.41Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 29.58%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The call reflected a strong performance in aerospace and defense and data center computing segments, contributing to improved operating margins and cash flow. However, challenges remained with declines in automotive and medical segments and foreign exchange losses. The expansion in Malaysia and Syracuse represents strategic growth, although the Penang facility posed a short-term operational drag.Company Guidance
During the TTM Technologies Q3 2024 earnings call, the company provided guidance for Q4 2024, projecting net sales to be between $610 million and $650 million, with non-GAAP earnings expected to range from $0.44 to $0.50 per diluted share. The guidance accounts for operating costs related to the start-up of their Penang facility. TTM also anticipates SG&A expenses to be about 9.5% of net sales and R&D expenses to be approximately 1.3% of net sales. Interest expense is expected to be around $12.1 million, with interest income projected at $2.5 million. The effective tax rate is estimated to be between 10% and 14%. Additionally, TTM plans for depreciation of approximately $26.6 million, amortization of intangibles at $9.2 million, and stock-based compensation expenses of about $8.3 million. This guidance reflects TTM's ongoing strategy to enhance operational performance and invest in new facilities while managing financial metrics effectively.Strong Operating Margin Performance
TTM delivered strong operating margin performance due to higher revenues, favorable mix, and outstanding operational execution. Operating margin in Q3 2024 was 11.8%, a 170 basis points increase from 10.1% in the same quarter last year.
Revenue Growth in Key Segments
Revenues were above the midpoint of the guided range, representing the third consecutive quarter of year-on-year growth. The aerospace and defense and data center computing end markets were key drivers, with the data center computing end market seeing a 20% year-on-year growth.
Record Aerospace and Defense Backlog
The aerospace and defense market, which was 46% of revenues for the quarter, continues to be strong, with a record program backlog of approximately $1.49 billion.
Positive Book to Bill Ratio
Overall, the company book to bill was 1.20, with the aerospace and defense book to bill at 1.26 for the second consecutive quarter.
Cash Flow and Debt Management
Cash flow from operations in the third quarter of 2024 was $65.1 million, with a net debt to EBITDA leverage ratio of 1.4x, below the low end of the targeted range of 1.5x to 2x.
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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 |
|---|---|---|---|
| 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% |
| Feb 07, 2024 | $14.48 | $14.46 | -0.14% |
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 Feb 05, 2025, TBA Not Confirmed.
What is TTM Technologies (TTMI) earnings time?
TTM Technologies (TTMI) earnings time is at Feb 05, 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 2024 (Q4) is 0.47.
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