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Last $9.70 USD
Change Today -0.25 / -2.51%
Volume 837.6K
As of 8:10 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

ttm technologies (TTMI) Snapshot

Open
$9.97
Previous Close
$9.95
Day High
$9.97
Day Low
$9.62
52 Week High
06/11/15 - $10.93
52 Week Low
10/28/14 - $5.59
Market Cap
958.2M
Average Volume 10 Days
723.0K
EPS TTM
$0.37
Shares Outstanding
98.8M
EX-Date
--
P/E TM
26.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for TTM TECHNOLOGIES (TTMI)

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ttm technologies (TTMI) Details

TTM Technologies, Inc., together with its subsidiaries, provides various printed circuit board (PCB) products and backplane assemblies worldwide. The company offers high density interconnect, conventional, flexible, and rigid-flex PCBs, as well as backplane assemblies and IC substrates. It also offers various services, such as design for manufacturability support during new product introduction stages; PCB layout design; simulation and testing services; quick turnaround production; and drilling and routing services. The company’s customers include original equipment manufacturers and electronic manufacturing service providers that primarily serve the networking/communications infrastructure products, smartphones, and touchscreen tablets, as well as aerospace and defense, high-end computing, and industrial/medical industries. TTM Technologies, Inc. was founded in 1978 and is headquartered in Costa Mesa, California.

16,857 Employees
Last Reported Date: 02/27/15
Founded in 1978

ttm technologies (TTMI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $603.8K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $365.4K
Executive Vice President and President of Asi...
Total Annual Compensation: $488.8K
Executive Vice President and President of Nor...
Total Annual Compensation: $412.0K
Advisor, Director and Member of Government Se...
Total Annual Compensation: $421.0K
Compensation as of Fiscal Year 2014.

ttm technologies (TTMI) Key Developments

TTM Technologies Inc. Revises Earnings Guidance for the Second Quarter of 2015

TTM Technologies Inc. revised earnings guidance for the second quarter of 2015. For the quarter, the company expects revenue in the range of $420 million to $460 million, up from its previous expectation of $330 million to $350 million and non-GAAP net income in the range of $0.11 to $0.17 per diluted share, consistent with prior guidance.

TTM Technologies Inc. Enters into $950 Million Senior Secured Term Loan B Credit Facility

TTM Technologies Inc. announced that the company has completed its acquisition of Viasystems Group Inc. In conjunction with the closing of the transaction, the company entered into a $950 million Senior Secured Term Loan B credit facility. Borrowings under this facility, which had original issue discount of $33.25 million, were made at LIBOR plus 5% with a 1% LIBOR floor. TTM also put in place two $150 million asset based lending (ABL) facilities: one in the United States and one in Hong Kong to support business needs in these regions. $80 million was borrowed under the U.S. ABL at LIBOR plus 1.75% to complete the Viasystems transaction.

TTM Technologies Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 30, 2015; Provides Earnings Guidance for the Second Quarter of 2015

TTM Technologies Inc. reported unaudited consolidated earnings results for the first quarter ended March 30, 2015. For the quarter, the company reported net sales of $329,164,000 against $291,895,000 for the same period in the last year. Operating income was $8,265,000 against $4,453,000 for the same period in the last year. Income before income taxes was $2,085,000 against loss before income taxes of $5,654,000 for the same period in the last year. Net income was $3,446,000 or $0.04 per basic and diluted share against net loss of $3,799,000 or $0.05 per basic and diluted share for the same period in the last year. Non-GAAP operating income was $18,389,000 against $8,833,000 for the same period in the last year. Non-GAAP net income was $10,829,000 or $0.13 per diluted share against $1,217,000 or $0.01 per diluted share for the same period in the last year. Adjusted EBITDA was $42,510,000 against $29,145,000 for the same period in the last year. Cash flow from operations was a strong $67.4 million, while the company incurred CapEx in the first quarter of approximately $22.8 million and repaid approximately $48 million of debt in March. Net debt was $225.1 million at the end of the first quarter, a decrease of $52 million from the end of the fourth quarter. For the second quarter of 2015, the company estimates that revenue will be in the range of $330 million to $350 million, and non-GAAP net income will be in the range of $0.11 to $0.17 per diluted share. The company expects interest expense to total about $2.8 million and estimates effective tax rate to be between 25% and 29%. The company expects to record during the second quarter amortization of intangibles of about $1.9 million; stock-based compensation expense of about $2.3 million; noncash interest expense of approximately $2.4 million; and estimates depreciation expense to be approximately $25 million.

 

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Industry Analysis

TTMI

Industry Average

Valuation TTMI Industry Range
Price/Earnings 38.2x
Price/Sales 0.6x
Price/Book 1.2x
Price/Cash Flow 27.9x
TEV/Sales 0.1x
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