secwatch.observer — SEC 8-K summary
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Issuer:     TTM TECHNOLOGIES INC (TTMI)
CIK:        0001116942
Form:       8-K
Filed at:   2022-02-09T23:59:59+00:00
Accession:  0001193125-22-032669
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TTM Q4 revenue $598.1M beats guidance; non-GAAP EPS $0.34 at high end
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- Q4 net sales $598.1M vs $523.8M YoY; GAAP net income $8.4M ($0.08 diluted), down from $39.0M ($0.34).
- Non-GAAP net income $36.2M ($0.34 diluted) vs $40.2M ($0.37) in Q4 2020; EBITDA $70.4M (11.8% of sales).
- FY21 revenue $2.25B, up 6.8% YoY (10.9% ex-divestitures); GAAP net income $54.4M vs loss of $16.4M from continuing ops.
- Q1 2022 guidance: revenue $540M-$580M; non-GAAP EPS $0.20-$0.26, below Q4 actual.
- Repurchased 2.2M shares for $29.6M in Q4; $64.6M for 4.7M shares in FY21 under $100M buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116942/000119312522032669/0001193125-22-032669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116942/000119312522032669/d306565d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-032669

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer