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Dec 28, 2020
TTM Technologies Q4 2020 Earnings Report
TTM Technologies reported results above expectations due to better sales across all end markets and strict financial discipline.
Key Takeaways
TTM Technologies reported Q4 2020 results with revenue above the midpoint and earnings above the previously guided range, driven by excellent operational execution and better sales across all end markets. The company's net debt leverage ratio decreased to 1.4x, and convertible bonds were repaid.
Net sales were $523.8 million.
GAAP net income was $39.0 million, or $0.34 per diluted share.
Non-GAAP net income was $40.2 million, or $0.37 per diluted share.
Cash flow from operations was $55.5 million.
Forward Guidance
TTM estimates that revenue for the first quarter of 2021 will be in the range of $490 million to $530 million, and non-GAAP net income will be in the range of $0.19 to $0.25 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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