TTM Technologies (TTMI) Reports In-Line Q1 EPS, Revenues Beat; Offers 2Q EPS/Revenue Outlook

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TTM Technologies, Inc. Reports Fiscal First Quarter 2021 Results

April 28, 2021 4:05 PM EDT

SANTA ANA, Calif., April 28, 2021 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), a leading global printed circuit board (PCB) and radio frequency (RF) components and assemblies manufacturer, today reported results for the first quarter of fiscal 2021, which ended on March 29, 2021.  

First Quarter 2021 Highlights

Net sales were $526.4 millionGAAP net loss of $3.2 million, or ($0.03) per diluted shareNon-GAAP net income was $25.3 million, or $0.23 per diluted shareCash flow from operations was $41.1 millionSuccessful completion of $500 million Senior Notes offering at 4.0% due 2029, redemption of previously issued $375 million Senior Notes at... More