SANTA ANA, CA - TTM Technologies has reported results for the fourth quarter ending Dec. 31, and full-year 2007.

Fourth quarter net sales of $167.5 million improved 2.7% sequentially over third quarter net sales, primarily due to continued strength in the PCB market. Net income was $11.8 million, an increase of 44% over the third quarter.

Net sales for full year 2007 were $669.5 million, up 81% as compared year-over-year to $369.3 million in 2006. Net income for the year experienced a slight decrease at 0.85% to $34.7 million in 2007, compared to $35 million in 2006. The company reports that the decline was due to softer market conditions in 2007 as well as higher interest costs.

Commenting on the company’s results, president and CEO Kent Alder noted, “We delivered a solid performance in the fourth quarter, fueled by strong demand for our high tech manufacturing services, as well as from our Aerospace/Defense customers ... Fourth quarter revenue, gross and operating margins and earnings per share all grew significantly over the third quarter.” Alder added, “Our growth strategy is working, and we will continue to strengthen our capabilities and enhance our leadership position in the industry.”

For the first quarter 2008, TTM estimates revenues in a range of $168 million to $176 million.

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