secwatch.observer — SEC 8-K summary
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Issuer:     TTM TECHNOLOGIES INC (TTMI)
CIK:        0001116942
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001193125-23-134390
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TTM Q1 revenue $544.4M, GAAP EPS ($0.06); guides Q2 rev $530-570M; $100M buyback authorized
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- GAAP net loss $5.8M (($0.06)/shr) vs income $17.2M ($0.17) in Q1 2022.
- Non-GAAP NI $18.6M ($0.18/dil) vs $25.3M ($0.24) YoY; Adj EBITDA $58.5M (10.7% sales).
- Q2 2023 rev guidance $530M-$570M, non-GAAP EPS $0.17-$0.23.
- Board authorized $100M share repurchase through May 2025; repurchases may be open market or 10b5-1.
- Sold Shanghai BPA facility; paid $50M Term Loan B; evaluating refinancing options for TLB maturing Q3 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116942/000119312523134390/0001193125-23-134390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116942/000119312523134390/d240593d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-134390

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