TTM Technologies Q2 2020 Earnings Report
Key Takeaways
TTM Technologies reported GAAP net sales of $570.3 million and GAAP net income of $192.8 million, or $1.79 per diluted share, which included a net gain of $183.1 million from the sale of the Mobility business unit. Non-GAAP net sales were $601.1 million and non-GAAP net income was $33.3 million, or $0.31 per diluted share.
GAAP net sales were $570.3 million.
Non-GAAP net sales were $601.1 million.
GAAP net income of $192.8 million, or $1.79 per diluted share, inclusive of a net gain on the sale of the Mobility business unit of $183.1 million or $1.70 per diluted share.
Non-GAAP net income was $33.3 million, or $0.31 per diluted share, inclusive of $0.01 of foreign exchange loss.
TTM Technologies
TTM Technologies
Forward Guidance
TTM estimates that revenue for the third quarter of 2020 will be in the range of $470 million to $510 million, and non-GAAP net income will be in the range of $0.16 to $0.22 per diluted share.