SANTA ANA, CA – TTM Technologies' net sales for the third quarter were $572.6 million, a decrease of 14.7% compared to the sales of $671.1 million in the third quarter of 2022.

For the first nine months of the year, the company's $1.66 billion in sales represented a drop of 11.7% from the sales of $1.88 billion in the same period last year.

For the fourth quarter, TTM estimates that revenues will be in the range of $550 million to $590 million.

"Our Non-GAAP EPS was well above the guided range as a result of improved execution, particularly in our North America region and strength in our Data Center Computing end market," said Tom Edman, CEO of TTM. "In addition, cash flow from operations was a healthy 10.3% of revenue enabling us to repurchase stock while maintaining a solid balance sheet with a net leverage ratio of 1.5x."