secwatch.observer — SEC 8-K summary
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Issuer:     TTM TECHNOLOGIES INC (TTMI)
CIK:        0001116942
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001193125-23-201186
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116942/000119312523201186/0001193125-23-201186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116942/000119312523201186/d533352d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-201186

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