TTM Q2 net sales $546.5M, GAAP EPS $0.07, non-GAAP EPS $0.32; Q3 guidance $550-590M, non-GAAP EPS $0.25-0.31

TTM TECHNOLOGIES INC

2023-Q2 EPS reported $0.01 revenue$1,090,946,000

Net sales $546.5M (down 12.6% YoY from $625.6M); GAAP net income $6.8M ($0.07 diluted) vs $27.8M ($0.27) YoY.
Non-GAAP net income $33.0M ($0.32 diluted) vs $55.3M ($0.54) YoY; adjusted EBITDA $74.7M (13.7% of sales) vs $96.9M (15.5%).
Q3 FY2023 guidance: revenue $550-590M, non-GAAP EPS $0.25-0.31.
Completed refinancing of Term Loan B, US ABL, and Asia ABL facilities; shutdown of Hong Kong manufacturing facility.

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 reported second quarter fiscal 2023 results: revenue $546.5 million, net income $6.8 million, or $0.07 per diluted share, EPS $0.07 per diluted share. Guidance reaffirmed.

Period: second quarter fiscal 2023
Revenue: $546.5 million
Net income: $6.8 million, or $0.07 per diluted share
EPS: $0.07 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and printed circuit boards (“PCB”), today reported results for the second quarter fiscal 2023, which ended on July 3, 2023. Second Quarter 2023 Highlights • Net sales were $546.5 million • GAAP net income of $6.8 million, or $0.07 per diluted share • Non-GAAP net income was $33.0 million, or $0.32 per diluted share • Completed refinancing of Term Loan B, US Asset

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Source: SEC EDGAR

accession 0001193125-23-201186

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