TTMI Earnings Prediction
The chart below shows how TTMI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TTMI sees a +1.79% change in stock price 10 days leading up to the earnings, and a +6.40% change 10 days following the report. On the earnings day itself, the stock moves by +0.32%. This data can give you a slight idea of what to expect for the next quarter's release.
TTMI Key Earning Data
TTMI Earnings Analysis
Positive
Earnings Per Share Beat: TTM Technologies reported a Q4 2024 EPS of $0.60, exceeding expectations of $0.47, reflecting strong financial performance.
Q4 Revenue Surge: Revenues for Q4 2024 reached $651 million, a 14% increase year-on-year, marking the fourth consecutive quarter of revenue growth driven by Aerospace and Defense and Data Center Computing markets.
Aerospace and Defense Sales Growth: The Aerospace and Defense segment represented 47% of total sales in Q4 2024, with revenues growing 16% year-on-year to an all-time record high, supported by a strong program backlog of approximately $1.56 billion.
EBITDA Improvement Analysis: Adjusted EBITDA for Q4 2024 was $108.7 million, or 16.7% of net sales, compared to $80.9 million, or 14.2% of net sales in Q4 2023, indicating improved operational efficiency.
Strong Cash Flow Performance: Cash flow from operations in Q4 2024 was robust at $86.1 million, representing over 13% of net sales, contributing to a strong cash position of $503.9 million at the end of the quarter.
Negative
Operating Income Decline: GAAP operating income for Q4 2024 was $9 million, a significant decline from $34.6 million in Q4 2023, primarily due to a $32.6 million goodwill impairment charge.
Net Income Decline: Net income for Q4 2024 was $5.2 million or $0.05 per diluted share, down from $17.3 million or $0.17 per diluted share in Q4 2023, reflecting a substantial decrease in profitability.
Gross Margin Decline: Gross margin decreased to 20.5% in Q4 2024 from 21.3% in Q4 2023, attributed to higher employee-related costs and ongoing start-up costs in Penang.
Medical Instrumentation Revenue Decline: The Medical Industrial Instrumentation end market saw a 9% decline in full-year revenues due to continued inventory corrections, with Q4 sales contributing only 13% of total sales compared to 16% in the prior year.
Automotive Sales Decline: Automotive sales dropped 12% for the full year 2024, with Q4 representing only 11% of total sales, impacted by inventory adjustments and weak demand as EV growth stalled.
TTMI FAQs
How does TTMI typically perform around its earnings report dates?
TTMI's stock performance around earnings reports can vary, but historical data shows specific patterns, such as a +1.79% change leading up to the report and a +6.40% change in the 10 days following the release.
Is TTM Technologies Inc (TTMI) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
TTMI Earning Call Sentiment
TTM Technologies, Inc. (NASDAQ:TTMI) Q4 2024 Earnings Call Transcript
TTMI.O
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