COSTA MESA, CA -- TTM Technologies today reported third-quarter net sales of $652 million, up 88% from a year ago on the acquisition of former competitor Viasystems.

Sales were up 46% sequentially for the period ended Sept. 28.

The net loss was $2.2 million, including $12.3 million of expenses related to the acquisition and integration of Viasystems. The net loss was $36.6 million in the second quarter and the PCB manufacturer turned a net profit of $7.7 million last year.

GAAP operating income for the quarter was $23.6 million, up from an operating loss of $7.1 million in the previous quarter and $12.3 million a year ago.

Adjusted EBITDA was $87.6 million, compared to $59.7 million sequentially and $43.6 million in 2014.

"Our strong third quarter operating performance included the first full quarter of contribution from the Viasystems acquisition," said Tom Edman, CEO of TTM. "Revenue was within our guidance range and non-GAAP earnings exceeded expectations. Demand in the aerospace and defense and mobility end markets, in particular, remained strong throughout the quarter.

"We are pleased with both our organic growth and our continued progress with the integration of Viasystems during the quarter. Shortly after the quarter ended, we announced plans to close three facilities as a part of our global integration plan. We expect the consolidation to improve plant utilization, operational performance and customer focus, and project that these actions will drive us closer to realizing our annualized synergies goal of $55 million.."

For the fourth quarter of 2015, TTM estimates revenue in the range of $640 million to $680 million.

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