TTM Technologies (TTMI) Tops Q4 EPS by 12c, Revenues Beat; Offers 1Q EPS/Revenue Guidance
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Price: $14.62 +0.21%
EPS Growth %: +50.0%
Financial Fact:
Total operating expenses: 59.34M
Today's EPS Names:
NLY, CP, RUSHA, More
EPS Growth %: +50.0%
Financial Fact:
Total operating expenses: 59.34M
Today's EPS Names:
NLY, CP, RUSHA, More
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TTM Technologies (NASDAQ: TTMI) reported Q4 EPS of $0.37, $0.12 better than the analyst estimate of $0.25. Revenue for the quarter came in at $523.8 million versus the consensus estimate of $510.13 million.
Fourth Quarter 2020 Highlights
- Net sales were $523.8 million
- GAAP net income of $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 of $55.5 million
- Repaid and settled $250 million convertible bonds
- Leverage ratio at end of Q4 2020 was 1.4x defined as net debt divided by the last twelve months EBITDA (excluding Mobility), the lowest level in five years
- In Q1 2021, announced $100 million stock repurchase program in separate press release
GUIDANCE:
TTM Technologies sees Q1 2021 EPS of $0.19-$0.25, versus the consensus of $0.24. TTM Technologies sees Q1 2021 revenue of $490-530 million, versus the consensus of $499.57 million.
- 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.
For earnings history and earnings-related data on TTM Technologies (TTMI) click here.
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