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Jan 03, 2022
TTM Technologies Q4 2021 Earnings Report
TTM Technologies reported Q4 2021 results, with revenue above guidance and non-GAAP earnings at the high end of the guided range, driven by strength in commercial end markets.
Key Takeaways
TTM Technologies reported Q4 2021 results with net sales of $598.1 million, GAAP net income of $8.4 million, and non-GAAP net income of $36.2 million.
Net sales were $598.1 million.
GAAP net income was $8.4 million, or $0.08 per diluted share.
Non-GAAP net income was $36.2 million, or $0.34 per diluted share.
Operating cash flow was $62.4 million.
TTM Technologies
TTM Technologies
Forward Guidance
TTM estimates that revenue for the first quarter of 2022 will be in the range of $540 million to $580 million, and non-GAAP net income will be in the range of $0.20 to $0.26 per diluted share.
Challenges Ahead
- Continued labor challenges
- Normal seasonality associated with Chinese New Year
- One less week in the quarter compared to the fourth quarter