TTM Technologies Q3 2022 Earnings Report
Key Takeaways
TTM Technologies reported Q3 2022 results with net sales of $671.1 million, GAAP net income of $43.5 million, and non-GAAP net income of $57.9 million. The company saw growth across all end markets and generated $162.1 million in free cash flow over the last twelve months. Record bookings were achieved in the Aerospace and Defense end market.
Net sales were $671.1 million.
GAAP net income was $43.5 million, or $0.42 per diluted share.
Non-GAAP net income was $57.9 million, or $0.56 per diluted share.
Operating cash flow was $80.0 million and free cash flow was $53.7 million.
TTM Technologies
TTM Technologies
Forward Guidance
TTM estimates that revenue for the fourth quarter of 2022 will be in the range of $630 million to $670 million, and non-GAAP net income will be in the range of $0.36 to $0.42 per diluted share.