{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-028382","form_type":"8-K","ticker":"TTMI","cik":"0001116942","company_name":"TTM TECHNOLOGIES INC","filed_at":"2023-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.911721+00:00","generated_at":"2026-06-19T21:27:48.212863+00:00","sec_items":["2.02","2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"TTM Q4 non-GAAP EPS $0.41 beats midpoint; closes 3 PCB plants, cuts ~750 jobs","bullets":["Q4 net sales $617.2M; GAAP EPS $0.06 (incl. $51.8M property gain, $51.7M tax reserve); non-GAAP EPS $0.41.","Q1 2023 guidance: revenue $550-590M, non-GAAP EPS $0.16-0.22; cites softer commercial demand and inventory reductions.","Consolidation plan: close PCB facilities in Anaheim, Santa Clara, and Hong Kong by end of 2023.","Restructuring charges expected $22-28M (80% cash); headcount reduction of ~750 employees (~5% of workforce).","Annual operating profit improvement estimated $22-27M after full facility closures and business transfer."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-028382","json":"https://secwatch.observer/filing/0001193125-23-028382.json","markdown":"https://secwatch.observer/filing/0001193125-23-028382.md","text":"https://secwatch.observer/filing/0001193125-23-028382.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1116942/000119312523028382/0001193125-23-028382-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1116942/000119312523028382/d426497d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T21:27:48.212863+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0b6bd9c30d49dfbe5e1e77418e9bfd57af2d136e","claim":"TTM TECHNOLOGIES INC reported fourth quarter of fiscal year 2022, which ended January 2, 2023 results: revenue $617.2 million, net income $6.0 million, EPS $0.06 per diluted share.","evidence_excerpt":"Fourth Quarter 2022 Highlights - Net sales were $617.2 million - GAAP net income of $6.0 million, or $0.06 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1116942/000119312523028382/0001193125-23-028382-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of fiscal year 2022, which ended January 2, 2023"},{"label":"Revenue","value":"$617.2 million"},{"label":"Net income","value":"$6.0 million"},{"label":"EPS","value":"$0.06 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"34fdf9f3353b7847f54bb94524dbfd45fcdd35e4","claim":"TTM TECHNOLOGIES INC reported first quarter of 2023 results: revenue $550 million to $590 million, EPS $0.16 to $0.22 per diluted share. Guidance reaffirmed.","evidence_excerpt":"TTM estimates that revenue for the first quarter of 2023 will be in the range of $550 million to $590 million, and non-GAAP net income will be in the range of $0.16 to $0.22 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1116942/000119312523028382/0001193125-23-028382-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023"},{"label":"Revenue","value":"$550 million to $590 million"},{"label":"EPS","value":"$0.16 to $0.22 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"e32d91c4a8343ec029c391f00b3d57730f8e8690","claim":"TTM TECHNOLOGIES INC reported fiscal year 2022 results: revenue $2.50 billion, net income $94.6 million, EPS $0.91 per diluted share.","evidence_excerpt":"of record bookings of $464.3 million in the Aerospace and Defense end market,” concluded Mr. Edman. Full Year Fiscal 2022 Results Net sales for fiscal year 2022 increased to $2.50 billion from $2.25 billion in fiscal year 2021, an 11.0% increase. Excluding approximately six months from the contribution of Telephonics, revenues grew organically 5.4% in 2022 over","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1116942/000119312523028382/0001193125-23-028382-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2022"},{"label":"Revenue","value":"$2.50 billion"},{"label":"Net income","value":"$94.6 million"},{"label":"EPS","value":"$0.91 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a173364773259b517675755a05f32552682ad4a3","claim":"TTM TECHNOLOGIES INC announced a restructuring with charges of approximately $22 million to $28 million affecting PCB operations located in Anaheim and Santa Clara, California, and Hong Kong (approximately 750 employees).","evidence_excerpt":"Plan will result in its total headcount being reduced by approximately 750 employees. The Company estimates that it will incur total charges related to the Plan of approximately $22 million to $28 million in separation, asset impairment and disposal costs. Approximately 80% of these costs will be in the form of cash expenditures and the rest in the form of non-cash","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1116942/000119312523028382/0001193125-23-028382-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $22 million to $28 million"},{"label":"Affected area","value":"PCB operations located in Anaheim and Santa Clara, California, and Hong Kong"},{"label":"Headcount","value":"approximately 750 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}