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TTM Technologies

OverviewSuggest Edit

TTM Technologies is a manufacturer of printed circuit board (PCB) products and radio-frequency (RF) and microwave components and assemblies. The company offers a range of PCB products, RF components, and electro-mechanical solutions, including conventional and flexible PCBs, RF and microwave circuits, custom assemblies and system integration, IC substrates, hi-reliability multi-chip modules, and beamforming and switching networks. TTM also provides value-added services, such as design-for-manufacturability (DFM), PCB layout design, simulation and testing services, and quick turnaround production. The company serves original equipment manufacturers and electronic manufacturing services providers in various markets, including aerospace and defense, automotive components, smartphones, and touchscreen tablets, high-end computing, medical, industrial and instrumentation related products, as well as communications infrastructure products.

TypePublic
Founded1998
HQSanta Ana, CA, USMap
Websitettmtech.com
Employee Ratings3.4More
Overall CultureB-More
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Latest Updates

Employees (est.) (Dec 2019)25,700(-4%)
Revenue (FY, 2019)$2.7 B(-5%)
Share Price (Jan 2021)$14.2
Cybersecurity ratingAMore

Key People/Management at TTM Technologies

Thomas T. Edman

Thomas T. Edman

President and Chief Executive Officer
Catherine Gridley

Catherine Gridley

Executive Vice President and President Aerospace & Defense Business Unit
Dale Knecht

Dale Knecht

Senior Vice President, Global Information Technology
Kent Hardwick

Kent Hardwick

Senior Vice President, Global Sales and EMS
Shawn Powers

Shawn Powers

Senior Vice President, Human Resources
Paul Liu

Paul Liu

Senior Vice President, Asia Pacific Operations
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TTM Technologies Office Locations

TTM Technologies has offices in Santa Ana, Anaheim, Chippewa Falls, East Syracuse and in 21 other locations
Santa Ana, CA, US (HQ)
200 Sandpointe Ave #400
Anaheim, CA, US
3140 E Coronado St
Chippewa Falls, WI, US
234 Cashman Dr
East Syracuse, NY, US
5823 Widewaters Pkwy #1
East Syracuse, NY, US
6635 Kirkville Rd
Forest Grove, OR, US
1521 Poplar Ln
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TTM Technologies Financials and Metrics

TTM Technologies Revenue

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TTM Technologies's revenue was reported to be $2.69 b in FY, 2019 which is a 5.5% decrease from the previous period.
USD

Revenue (Q3, 2020)

513.6m

Gross profit (Q3, 2020)

89.3m

Gross profit margin (Q3, 2020), %

17.4%

Net income (Q3, 2020)

(41.5m)

EBIT (Q3, 2020)

(40.3m)

Market capitalization (19-Jan-2021)

1.5b

Closing stock price (19-Jan-2021)

14.2

Cash (28-Sept-2020)

413.3m

EV

2.2b
TTM Technologies's current market capitalization is $1.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

2.7b2.8b2.7b

Revenue growth, %

5%7%(6%)

Cost of goods sold

2.2b2.4b2.3b

Gross profit

429.6m457.0m401.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

663.6m716.9m755.8m620.2m633.0m716.8m497.6m570.3m513.6m

Cost of goods sold

574.9m600.7m626.3m531.5m548.4m613.0m416.3m469.9m424.3m

Gross profit

88.7m116.1m129.6m88.7m84.6m103.8m81.3m100.4m89.3m

Gross profit Margin, %

13%16%17%14%13%14%16%18%17%
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

409.3m256.4m400.2m

Accounts Receivable

483.9m523.2m503.7m

Inventories

294.6m109.4m122.0m

Current Assets

1.2b1.2b1.3b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

352.6m204.1m208.0m235.2m284.5m316.6m362.0m694.7m413.3m

Accounts Receivable

504.9m541.6m569.2m516.8m482.7m529.9m458.6m414.3m375.0m

Prepaid Expenses

38.7m

Inventories

82.1m121.3m122.2m114.8m122.1m126.3m120.9m122.8m127.6m
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Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

124.7m173.6m41.3m

Depreciation and Amortization

174.4m225.7m219.9m

Inventories

(25.4m)18.3m(12.6m)

Accounts Payable

54.6m(45.7m)42.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

10.1m94.1m121.1m(3.3m)172.0k16.0m(1.2m)191.6m138.6m

Depreciation and Amortization

45.6m105.4m165.3m59.6m113.3m166.4m54.3m71.5m97.2m

Inventories

(11.1m)5.7m5.4m(5.4m)(12.8m)(16.9m)(7.6m)(6.5m)(10.6m)

Accounts Payable

8.7m(33.8m)(25.6m)(6.0m)(10.7m)21.4m(52.8m)24.2m15.9m
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USDFY, 2017

EV/EBIT

10.2 x

EV/CFO

6.5 x

Revenue/Employee

93.7k

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.8 x

P/E Ratio

15.1
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TTM Technologies Operating Metrics

TTM Technologies's Backlog was reported to be $511.2m in FY, 2019. TTM Technologies's Customers was reported to be 1.2 k in Q2, 2020.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Backlog

$481.90 m$458.40 m$511.20 m

Countries

65 65 60

Customers

2 k2 k2.20 k2.20 k2.20 k1.60 k1.60 k1.70 k1.90 k1.20 k1.20 k

Facilities

25 29 31
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TTM Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
AnarenApril 18, 2018$775 m
Viasystems Group, Inc.September 22, 2014$368 m
Tyco Printed Circuit GroupAugust 03, 2006$226 m
Anaren Ceramics, Inc.
Anaren Communication (Suzhou) Co. Ltd.
Anaren GP, Inc.
Anaren Holding Corp.
Anaren, Inc.
Anaren Microwave, Inc.
Asia Rich Enterprises Limited
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TTM Technologies Revenue Breakdown

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TTM Technologies revenue breakdown by business segment: 91.6% from Printed Circuit Board and 8.4% from Electro-Mechanical Solutions

TTM Technologies revenue breakdown by geographic segment: 20.5% from China, 51.9% from United States and 27.6% from Other

TTM Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

Learn more about our premium products
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TTM Technologies Online and Social Media Presence

TTM Technologies's Trends

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TTM Technologies Company Culture

  • Overall Culture

    B-

    78/100

  • CEO Rating

    A+

    86/100

  • Compensation

    C-

    64/100

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TTM Technologies News and Updates

January 12, 2021

TTM Technologies, Inc. To Conduct Fourth Quarter and FY 2020 Conference Call February 3rd, 2021

SANTA ANA, Calif., Jan. 12, 2021 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI) will host a conference call on Wednesday, February 3rd, at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time to discuss its fourth quarter and fiscal year 2020 performance.
November 30, 2020

TTM Technologies, Inc. 将在中国深圳的国际电子电路展览会 (深圳) 上参展

加州圣塔安娜, Dec. 01, 2020 (GLOBE NEWSWIRE) -- TTM Technologies, Inc.（纳斯达克股票代码：TTMI），一家全球性的印刷电路板（PCB）产品、射频（RF）元件和工程解决方案制造商，今天宣布将参加于12月2日至4日在中国深圳会展中心举行，以“5G时代·智能未来”为主题的2020年国际电子电路（深圳）展览会TTM Technologies（迅达科技）的展位位於1L01。
November 30, 2020

TTM Technologies, Inc. to Exhibit at the International Electronics Circuit Exhibition in Shenzhen, China

SANTA ANA, Calif., Nov. 30, 2020 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”), a leading global printed circuit board (“PCB”) products and radio frequency (“RF”) components manufacturer, today announced participation at the 2020 International Electronics Circuit Exhibition (Sh…
June 13, 2019

TTM Technologies, Inc. Announces Acquisition of Assets from i3 Electronics, Inc.

Acquisition strengthens advanced technology PCB capabilities for emerging applications in the aerospace and defense end market and high end commercial customers Acquisition strengthens advanced technology PCB capabilities for emerging applications in the aerospace and defense end market and high end…
April 22, 2019

TTM Technologies Purchases Two Nano Dimension Additive Manufacturing Systems, Expanding Total to Three Printers

Increasing its investment in the DragonFly Pro reflects TTM’s continued confidence in the benefits of additive manufacturing for electronics Increasing its investment in the DragonFly Pro reflects TTM’s continued confidence in the benefits of additive manufacturing for electronics
March 04, 2019

TTM Technologies, Inc. Announces Sale of Viasource to Linkage Technologies, Inc.

COSTA MESA, Calif. and LAS VEGAS, March 04, 2019 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI), a leading global printed circuit board (“PCB”) and radio frequency (“RF”) components manufacturer, and Linkage Technologies, Inc. (“Linkage”), a Nevada company, today announced the sale of TT…
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TTM Technologies Blogs

January 14, 2021

TTM Technologies, Inc. earns recognition as "2020 EXFO World-Class Supplier"

SANTA ANA, Calif. , Jan. 14, 2021 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) ("TTM") has been recognized by EXFO as a “2020 EXFO World-Class Supplier”. TTM earned this award in recognition of its 2020 business performance excellence as measured against a broad array of performance
December 15, 2020

TTM Technologies, Inc. Announces Repayment and Settlement of Convertible Bonds

TTM Technologies, Inc. Announces Repayment and Settlement of Convertible Bonds Content Import Tue, 12/15/2020 - 16:06 TTM Technologies, Inc. Announces Repayment and Settlement of Convertible Bonds December 15, 2020 at 4:05 PM EST This release is a backfill fro…
October 28, 2020

TTM Technologies, Inc. Reports Fiscal Third Quarter 2020 Results

SANTA ANA, Calif. , Oct. 28, 2020 (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 third quarter of fiscal 2020, which ended on September 28, 2020 .   On April
October 07, 2020

TTM Technologies, Inc. To Conduct Third Quarter 2020 Conference Call October 28, 2020

TTM Technologies, Inc. To Conduct Third Quarter 2020 Conference Call October 28, 2020 Content Import Wed, 10/07/2020 - 16:06 TTM Technologies, Inc. To Conduct Third Quarter 2020 Conference Call October 28, 2020 October 7, 2020 at 4:05 PM EDT This release is a …
July 29, 2020

TTM Technologies, Inc. Reports Fiscal Second Quarter 2020 Results

SANTA ANA, Calif. , July 29, 2020 (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 second quarter of fiscal 2020, which ended on June 29, 2020 .  On April 19th
April 29, 2020

TTM Technologies, Inc. Reports Fiscal First Quarter 2020 Results

SANTA ANA, Calif. , April 29, 2020 (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 first quarter of fiscal 2020, which ended on March 30, 2020 .  On April 19th
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 TTM Technologies Frequently Asked Questions

  • When was TTM Technologies founded?

    TTM Technologies was founded in 1998.

  • Who are TTM Technologies key executives?

    TTM Technologies's key executives are Thomas T. Edman, Catherine Gridley and Dale Knecht.

  • How many employees does TTM Technologies have?

    TTM Technologies has 25,700 employees.

  • What is TTM Technologies revenue?

    Latest TTM Technologies annual revenue is $2.7 b.

  • What is TTM Technologies revenue per employee?

    Latest TTM Technologies revenue per employee is $104.6 k.

  • Who are TTM Technologies competitors?

    Competitors of TTM Technologies include AirBorn, Samsung Electro-Mechanics and Eltek.

  • Where is TTM Technologies headquarters?

    TTM Technologies headquarters is located at 200 Sandpointe Ave #400, Santa Ana.

  • Where are TTM Technologies offices?

    TTM Technologies has offices in Santa Ana, Anaheim, Chippewa Falls, East Syracuse and in 21 other locations.

  • How many offices does TTM Technologies have?

    TTM Technologies has 29 offices.