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Jul 04, 2022
TTM Technologies Q2 2022 Earnings Report
TTM Technologies reported robust growth in revenues and non-GAAP earnings, driven by strength in commercial end markets, improved product mix, and productivity improvements in North America.
Key Takeaways
TTM Technologies reported Q2 2022 results with net sales of $625.6 million, GAAP net income of $27.8 million, or $0.27 per diluted share, and non-GAAP net income of $55.3 million, or $0.54 per diluted share. The company completed the acquisition of Telephonics and broke ground on a new manufacturing plant in Malaysia.
Net sales were $625.6 million.
GAAP net income was $27.8 million, or $0.27 per diluted share.
Non-GAAP net income was $55.3 million, or $0.54 per diluted share.
Operating cash flow was $79.3 million and free cash flow was $52.9 million.
Forward Guidance
TTM estimates that revenue for the third quarter of 2022 will be in the range of $655 million to $695 million, and non-GAAP net income will be in the range of $0.41 to $0.47 per diluted share. This guidance includes a full quarter of revenue and profit from the acquisition of Telephonics that closed at the end of our second quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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