secwatch.observer — SEC 8-K summary
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Issuer:     TTM TECHNOLOGIES INC (TTMI)
CIK:        0001116942
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001193125-24-189522
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TTM Q2 net sales $605.1M; non-GAAP EPS $0.39 beats guidance; refinances $346.5M term loan
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- Net sales $605.1M (up 10.7% YoY); GAAP EPS $0.25, non-GAAP EPS $0.39 above guided $0.33-$0.37.
- Aerospace/Defense and Data Center Computing end markets drove growth; operating cash flow $41.9M.
- Repurchased 1.39M shares for $25.1M at avg price $18.09.
- Anticipates closing refinancing of $346.5M term loan at SOFR+2.25% (down 50bps) on Aug 1, 2024; ~$1.7M annual interest savings.
- Q3 guidance: revenue $580M-$620M, non-GAAP EPS $0.37-$0.43.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116942/000119312524189522/0001193125-24-189522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116942/000119312524189522/d810000d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-189522

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer