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 +0.79% change in stock price 10 days leading up to the earnings, and a +7.95% change 10 days following the report. On the earnings day itself, the stock moves by +0.10%. This data can give you a slight idea of what to expect for the next quarter's release.
TTMI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
616.54M
7.68%
1.88%
Gross Margin
19.94%
12.09%
12.78%
Operating Margin
8.49%
28.05%
28.44%
Net Margin
2.32%
135.86%
-46.67%
EPS
0.14
138.89%
-44.00%
No Data Available
TTMI Earnings Analysis
TTM Technologies Inc Corporation (TTMI.O) Earnings Conference Call
Positive
Strong Operating Margin Performance: TTM delivered strong operating margin performance driven by higher revenues, favorable mix, and outstanding operational execution.
Strong Revenue Growth: Revenues were above the midpoint of the guided range, representing the third consecutive quarter of year-on-year growth due to demand strength from our aerospace and defense and data center computing end markets, the latter being driven by Generative AI.
Bill to Bill Ratio: The company booked a bill to bill of 1.20, with the A&D book to bill at 1.26 for the second consecutive quarter.
Aerospace Market Demand Growth: Demand in our aerospace space and defense market, which was 46% of revenues for the quarter continues to be strong, and we now have a record program backlog of approximately $1.49 billion.
Net Sales Increase: In the third quarter of 2024, net sales were $616.5 million compared to $572.6 million in the third quarter of 2023, with the year-over-year increase due to growth in our data center computing and aerospace and defense end markets.
Negative
Revenue Growth Offset by Declines: Revenue growth was partially offset by year-over-year declines from our medical, industrial, and instrumentation and automotive end markets.
Booking Ratios Analysis: The company booked to bill was 1.20, with the A&D booked to bill at 1.26 for the second consecutive quarter.
Aerospace Market Demand: Demand in our aerospace space and defense market, which was 46% of revenues for the quarter, continues to be strong, and we now have a record program backlog of approximately $1.49 billion.
Market Sales Contribution Analysis: The medical, industrial, instrumentation end market contributed 14% of our total sales in the third quarter compared to 16% in the year ago quarter and 14% in the second quarter of 2024.
Demand Decline and Inventory Normalization: The year-over-year decline was generally the result of lower demand and ongoing inventory normalization, particularly in the industrial and medical areas.
TTMI FAQs
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TTMI Earning Call Sentiment
TTM Technologies, Inc. (TTMI) Q3 2024 Earnings Call Transcript
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TTMI.O
3.18%Positive
The earnings call indicates strong financial performance with increased sales, improved margins, and a significant backlog in aerospace and defense. The Q&A section revealed some risks, like unhedged FX losses and unclear future visibility, but these are mitigated by strong demand in key segments and a manageable debt ratio. The market cap suggests a moderate reaction, likely in the 2% to 8% range, as the positive factors outweigh potential concerns.