TTM Technologies, Inc. Updates Fourth Quarter 2012 Guidance
COSTA MESA, Calif., Jan. 15, 2013 (GLOBE NEWSWIRE) -- TTM Technologies, Inc.
(Nasdaq:TTMI), a major global printed circuit board manufacturer, today
announced it expects to report both revenue and earnings per share at or
somewhat above the high end of its previous guidance for the fourth quarter of
2012. The company provided fourth quarter guidance of revenue from $360
million to $380 million, GAAP earnings attributable to stockholders of $0.07
to $0.14 per diluted share and non-GAAP earnings attributable to stockholders
of $0.14 to $0.21 per diluted share.
TTM Technologies will announce its fourth quarter and fiscal year 2012 results
after the market closes on February 5, 2013.
Fourth Quarter and Fiscal Year 2012 Conference Call Information
The company will host a conference call and webcast to discuss the fourth
quarter and fiscal year 2012 results as well as the first quarter 2013 outlook
on Tuesday, February 5, 2013, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific
Telephone access is available by dialing domestic 1-888-549-7880 or
international 1-480-629-9770. The conference call also will be webcast on TTM
Technologies' website at www.ttmtech.com.
About Our Non-GAAP Financial Measures
This release includes information about the Company's non-GAAP net income
attributable to stockholders and non-GAAP earnings per share attributable to
stockholders, which are non-GAAP financial measures. Management believes that
both measures -- which add back amortization of intangibles, stock-based
compensation expense, non-cash interest expense on debt, asset impairments,
restructuring and other charges as well as the associated tax impact of these
charges -- provide additional useful information to investors regarding the
Company's ongoing financial condition and results of operations.
A material limitation associated with the use of the above non-GAAP financial
measures is that they have no standardized measurement prescribed by GAAP and
may not be comparable to similar non-GAAP financial measures used by other
companies. The Company compensates for these limitations by providing full
disclosure of each non-GAAP financial measure and reconciliation to the most
directly comparable GAAP financial measure. However, the non-GAAP financial
measures should not be considered in isolation from, or as a substitute for,
financial information prepared in accordance with GAAP.
Safe Harbor Statement
This release contains forward-looking statements that relate to future events
or performance. These statements reflect the company's current expectations,
and the company does not undertake to update or revise these forward-looking
statements, even if experience or future changes make it clear that any
projected results expressed or implied in this or other company statements
will not be realized. Furthermore, readers are cautioned that these statements
involve risks and uncertainties, many of which are beyond the company's
control, which could cause actual results to differ materially from the
forward-looking statements. These risks and uncertainties include, but are not
limited to, the company's dependence upon the electronics industry,
contemplated significant capital expenditures and related financing
requirements, the Company's ability to integrate and manage its Asia Pacific
operations, the company's dependence upon a small number of customers, the
unpredictability of and potential fluctuation in future revenues and operating
results and other "Risk Factors" set forth in the company's most recent SEC
TTM Technologies, Inc. is a major global printed circuit board manufacturer,
focusing on quick-turn and technologically advanced PCBs and the backplane and
sub-system assembly business. TTM stands for time-to-market, representing how
the company's time-critical, one-stop manufacturing services enable customers
to shorten the time required to develop new products and bring them to market.
Additional information can be found at www.ttmtech.com.
The TTM Technologies logo is available at
CONTACT: Steve Richards, CFO
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