TTM Technologies (TTMI) Tops Q4 EPS by 5c, Beats on Revenues; Offers Q1 EPS/Revenue Guidance Below Consensus

TTM Technologies (NASDAQ: TTMI) reported Q4 EPS of $0.57, $0.05 better than the analyst estimate of $0.52. Revenue for the quarter came in at $739.3 million versus the consensus estimate of $726.95 million.

Fourth Quarter 2017 Highlights

• Net sales were $739.3 million
• GAAP net income attributable to stockholders was $49.2 million, or $0.40 per diluted share
• Non-GAAP net income attributable to stockholders was $61.2 million, or $0.57 per diluted share
• Adjusted EBITDA was $121.7 million
• Cash flow from operations a record high of $152.7 million
• Signed definitive agreement to acquire Anaren, Inc.

Business Outlook

For the first quarter of 2018, TTM estimates that revenue will be in the range of $610 million to $660 million, and non-GAAP net income attributable to stockholders will be in the range of $0.22 to $0.28 per diluted share.

GUIDANCE:

TTM Technologies sees Q1 2018 EPS of $0.22-$0.28, versus the consensus of $0.36. TTM Technologies sees Q1 2018 revenue of $610-660 million, versus the consensus of $644.31 million.

For earnings history and earnings-related data on TTM Technologies (TTMI) click here.

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