TTM Technologies, Inc. Reports Fiscal First Quarter 2020 Results
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TTM Technologies (TTMI) Tops Q1 EPS by 12c, Revenues Beat; Offers 2Q Revenue Guidance Below Consensus
April 29, 2020 4:12 PM EDTTTM Technologies (NASDAQ: TTMI) reported Q1 EPS of $0.18, $0.12 better than the analyst estimate of $0.06. Revenue for the quarter came in at $610.8 million versus the consensus estimate of $579.8 million.
First Quarter 2020 Highlights
GAAP net sales were $497.6 millionNon-GAAP net sales were $610.8 millionGAAP net loss of $3.2 million, or ($0.03) per diluted shareNon-GAAP net income was $19.6 million, or $0.18 per diluted share, inclusive of $1.9 million in foreign exchange gainsCash flow from operations of $27.9 millionAnnounced restructuring of Electro-Mechanical Solutions (E-MS)... More