TTM reports Q1 2022 revenue $581.3M, GAAP EPS $0.17; guides Q2 rev $580-620M

TTM TECHNOLOGIES INC

2022-Q1 EPS reported $0.17 revenue$581,260,000

Net sales $581.3M vs $526.4M in Q1 2021 (+10.4%); GAAP EPS $0.17 vs ($0.03) loss prior year.
Non-GAAP EPS $0.24, in line with prior year $0.23; adjusted EBITDA $62.0M vs $61.0M.
Repurchased 2.4M shares for $30.2M at avg $12.74; announced Malaysia greenfield facility.
Q2 guidance: revenue $580-620M, non-GAAP EPS $0.30-0.36; excludes Telephonics acquisition.

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