earnings
confidence high
sentiment positive
materiality 0.75
TTM Q2 revenue $625.6M, non-GAAP EPS $0.54, beats guidance; closes Telephonics acquisition
TTM TECHNOLOGIES INC
2022-Q2 EPS reported
$0.43
revenue$1,206,810,000
- Revenue $625.6M vs $567.4M YoY (+10.3%); GAAP EPS $0.27 vs $0.26; non-GAAP EPS $0.54 vs $0.36.
- Adjusted EBITDA $96.9M vs $75.6M; operating cash flow $79.3M; free cash flow $52.9M.
- Closed Telephonics acquisition (all-cash, balance sheet); net leverage 2.2x; A&D now ~40% of revenues.
- Q3 guidance: revenue $655-695M; non-GAAP EPS $0.41-0.47, includes full quarter of Telephonics.
- Completed $100M stock buyback program; broke ground on new Malaysia PCB manufacturing plant.