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TTM Q2 Sales Slip While Income Improves

Published: 30 July 2009
 by Staff
SANTA ANA, CA – TTM Technologies Inc. reported second-quarter net sales slipped 3% sequentially to $144.5 million, while dropping 16% from last year.
 
For the quarter ended June 29, net income rose 3% from $1.4 million last month to $5.9 million, but fell 35% year-over-year.
 
Non-GAAP net income increased sequentially to $8.3 million, but was down 25% year-over-year.
 
Operating income was $12.2 million for the quarter, compared to $5.0 million last quarter and $19 million last year. Adjusted EBITDA, excluding charges, was $18.3 million, compared to $11.1 million last quarter and $24.5 million in 2008. 
 
Third-quarter revenue is forecast between $134 million to $142 million.
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