TTM Technologies Q3 net sales up 20.5% YoY to $671M, non-GAAP EPS $0.56 beats guidance

TTM TECHNOLOGIES INC

2022-Q3 EPS reported $0.85 revenue$1,877,890,000

GAAP net income $43.5M ($0.42 diluted EPS) vs $21.0M ($0.19) in Q3 2021.
Non-GAAP net income $57.9M ($0.56 diluted EPS) vs $36.5M ($0.34) YoY; above guided range.
Adjusted EBITDA $102.5M vs $68.6M YoY; operating cash $80.0M, free cash $53.7M.
Record A&D bookings $387.8M including Telephonics; A&D now ~40% of revenue.
Q4 2022 guidance: revenue $630M-$670M, non-GAAP EPS $0.36-$0.42.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TTM TECHNOLOGIES INC updated its fourth quarter of 2022 guidance (initiated).

Period: fourth quarter of 2022
Guidance: initiated
Result: guidance update

Exact text from the filing

TTM estimates that revenue for the fourth quarter of 2022 will be in the range of $630 million to $670 million, and non-GAAP net income will be in the range of $0.36 to $0.42 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TTM TECHNOLOGIES INC reported third quarter of fiscal year 2022, which ended October 3, 2022 results: revenue $671.1 million, net income $43.5 million, or $0.42 per diluted share, EPS $0.42 per diluted share.

Period: third quarter of fiscal year 2022, which ended October 3, 2022
Revenue: $671.1 million
Net income: $43.5 million, or $0.42 per diluted share
EPS: $0.42 per diluted share
Result: reported results

Exact text from the filing

a full quarter’s contribution from the acquisition of Telephonics, which closed at the end of the second quarter of 2022. Third Quarter 2022 Highlights • Net sales were $671.1 million • GAAP net income of $43.5 million, or $0.42 per diluted share • Non-GAAP net income was $57.9 million, or $0.56 per diluted share • Operating cash flow of $80.0 million; free

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Source: SEC EDGAR

accession 0001193125-22-275849

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