TTM Technologies Inc (TTMI) News & EventsTTMINews & EventsTTM Technologies Inc

TTM Technologies Acquires EPIQ Design Solutions for $1.1B

TTM Technologies acquire EPIQ Design Solutions for $1.1B in cash

Sees Q3 Revenue of $1.1B-$1.14B

Sees Q3 revenue $1.1B-$1.14B, consensus $1.05B.

TTM Technologies Reports Q2 Revenue of $1.0B, Beating Expectations

Reports Q2 revenue $1.0B, consensus $965.05M. "We delivered another record high quarterly net sales and non-GAAP EPS, reflecting the strength of our strategic business model, positive market demand trends across end markets, and operational excellence from our employees. Revenues grew 37% year on year, powered largely by ongoing robust demand in the Data Center and Networking end market, which increased 91% year on year. Our Medical, Industrial and Instrumentation end market experienced 33% year on year revenue growth, and our Aerospace and Defense end market delivered 14% year on year revenue growth and a healthy improvement in backlog, reflecting our positive alignment with projected priority defense programs," said Edwin Roks, CEO of TTM Technologies. "Adjusted EBITDA margin was a healthy 16.6%, providing evidence that our margin expansion efforts are currently working. Cash from operations was $96.4M and our net leverage ratio is 0.9x."