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TTM Says Q1 Revenue to Be at High End of Guidance

Published: 21 April 2015
 by Mike Buetow

COSTA MESA, CA -- TTM Technologies today said it expects first quarter revenue to be near the high end of previous guidance.

 

Based on preliminary, unaudited financial results, TTM now expects revenue of $329 million for the period ended March 31. The PCB manufacturer previously guided for revenue of $310 million to $330 million. It reported revenue of $292 million in the first quarter 2014.

 

Non-GAAP net income in the quarter is expected to be approximately $0.13 per diluted share, beating its previously announced range of $0.06 to $0.12 per diluted share and non-GAAP net income of $0.01 per diluted share in the first quarter of 2014.

 

Adjusted EBITDA is expected to be approximately $42 million, compared to $29 million in the first quarter of 2014.

 

TTM expects to report actual results on Apr. 29.

 

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