TTM Technologies Achieves Impressive Growth in Q1 2025
TTM Technologies Reports First Quarter 2025 Results
TTM Technologies, Inc. (NASDAQ: TTMI), a prominent global producer of technology solutions, recently shared its financial performance for the first quarter of 2025, which concluded on March 31, 2025. The company, recognized for its advanced printed circuit boards (PCBs) and RF components, demonstrated robust growth and profitability during this period.
Financial Highlights for Q1 2025
In the first quarter of 2025, TTM Technologies reported impressive net sales totaling $648.7 million, showcasing a remarkable 14% increase compared to the previous year. This growth reflects strong demand across critical sectors, particularly in Aerospace and Defense, as well as Data Center Computing and Networking, both of which have been positively impacted by the rise of generative AI technology.
Improved Earnings and Cash Flow
The company's GAAP net income reached $32.2 million, translating to $0.31 per diluted share, a significant rise from $10.5 million, or $0.10 per diluted share, a year earlier. Moreover, TTM's non-GAAP earnings showed even more variation, providing a record high of $52.4 million, equivalent to $0.50 per diluted share.
Operating Performance
TTM's non-GAAP operating margins during Q1 stood at 10.5%, a notable increase of 340 basis points year-over-year, reflecting effective operational execution. This marks the third consecutive quarter of double-digit margins, highlighting the company's commitment to improving profitability while navigating seasonal downturns.
Future Outlook and Projections
Looking ahead, TTM Technologies anticipates revenue for the second quarter of 2025 will fall between $650 million and $690 million, with expected non-GAAP net income projected at $0.49 to $0.55 per diluted share. This guidance indicates the firm’s confidence in maintaining growth through the next quarter, driven by favorable market conditions and strong order backlog.
Webcast and Investor Engagement
TTM Technologies will conduct a conference call and webcast to discuss these results further. This will take place on April 30, 2025, at 4:30 p.m. Eastern Time, where company leaders will provide additional insights and details regarding the current business climate and future expectations.
About TTM Technologies
TTM Technologies, Inc. is a leading manufacturer recognized for its role in supplying critical technology solutions. The company has established itself by delivering fast, high-quality, and innovative PCB technologies. TTM's commitment to time-to-market solutions allows its customers to optimize product development timelines effectively.
Frequently Asked Questions
What are the main highlights from TTM Technologies' Q1 2025 results?
TTM Technologies reported net sales of $648.7 million, a 14% increase from the previous year, and record non-GAAP EPS of $0.50.
How does TTM's net income compare to the previous year?
The company achieved a net income of $32.2 million, significantly up from $10.5 million in Q1 2024.
What is the outlook for TTM Technologies in Q2 2025?
TTM anticipates revenues between $650 million and $690 million for Q2 2025, with non-GAAP net income expected between $0.49 and $0.55 per diluted share.
How have operational margins changed for TTM Technologies?
Non-GAAP operating margins improved to 10.5%, reflecting solid execution and increased profitability over the same period last year.
Where can investors find more information about TTM Technologies?
Investors can access more details on the company’s performance and future outlook through TTM's conference call and official website.
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