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Oct 03, 2022
TTM Technologies Q3 2022 Earnings Report
TTM Technologies reported solid growth in revenues and non-GAAP earnings, with revenue up significantly year-over-year and non-GAAP earnings well above the high end of the guided range.
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.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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