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Apr 04, 2022
TTM Technologies Q1 2022 Earnings Report
Reported first quarter fiscal 2022 results, with revenue at the high end of guidance and non-GAAP earnings above the mid-point of the guided range.
Key Takeaways
TTM Technologies reported first quarter fiscal 2022 results, achieving revenues at the high end of guidance and non-GAAP earnings above the mid-point of the guided range. Net sales were $581.3 million, and non-GAAP net income was $25.3 million, or $0.24 per diluted share.
Net sales were $581.3 million
GAAP net income of $17.2 million, or $0.17 per diluted share
Non-GAAP net income was $25.3 million, or $0.24 per diluted share
Operating cash flow of $36.0 million
Revenue by Segment
Forward Guidance
TTM estimates that revenue for the second quarter of 2022 will be in the range of $580 million to $620 million, and non-GAAP net income will be in the range of $0.30 to $0.36 per diluted share. This guidance does not include any contribution of the previously announced acquisition of Telephonics as we are awaiting regulatory approvals prior to closing.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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