TTM Reports Q1 Sales Down 17% Sequentially | Print |  E-mail
Written by Chelsey Drysdale   
Tuesday, 01 May 2012 21:46

SANTA ANA, CA – Printed circuit board manufacturer TTM Technologies reported first-quarter net sales of $300.5 million, down 17% sequentially.

 

GAAP net income for the quarter was $12.6 million, up 12.5% compared to the fourth quarter.

Operating income increased 24% sequentially to $21.8 million.

Adjusted EBITDA for the first quarter was $46.4 million, or 15.4% of net sales, down 23% sequentially.

For the second quarter, TTM estimates revenue in the range of $320 million to $340 million.

Last Updated on Wednesday, 02 May 2012 00:02
 

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