TTM Technologies (TTMI) Tops Q4 EPS by 12c, Revenues Beat; Offers 1Q EPS/Revenue Guidance
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TTM Technologies, Inc. Reports Fiscal Fourth Quarter and 2020 Results
February 3, 2021 4:05 PM ESTSANTA ANA, Calif., Feb. 03, 2021 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), a leading global printed circuit board (PCB) and radio frequency (RF) components manufacturer, today reported results for the fourth quarter of fiscal 2020, which ended on December 28, 2020. Â
Fourth Quarter 2020 Highlights
Net sales were $523.8 millionGAAP net income of $39.0 million, or $0.34 per diluted shareNon-GAAP net income was $40.2 million, or $0.37 per diluted shareCash flow from operations of $55.5 millionRepaid and settled $250 million convertible bondsLeverage ratio at end of Q4 2020 was 1.4x defined as net debt divided... More