SANTA ANA, CA -- TTM Technologies reported third-quarter net sales of $139.1 million, down 3.7% sequentially and 18% from last year.

The net loss was $4.9 million, down from net income of $5.9 million in the second quarter and $8.8 million a year ago. The loss includes one-time charges of $17.1 million related to the closure of two of the company's facilities, and other impairments, including $2.6 million in inventory writedowns. The operating loss was $5.4 million.

"We are encouraged by the improvement in demand we are experiencing in our PCB business," said Kent Alder, president and CEO, in a statement. "For the first time in five quarters, PCB sales increased due to growth with our commercial customers."

The gross margin fell 130 basis points to 17.4%.

PCB fabrication sales were $123.2 million, up from $122.6 million in the second quarter. The operating loss was $1.9 million on one-time charges of $14 million. Backplane assembly sales were $24 million, down from $29.1 million sequentially. The operating loss was $2.6 million due to nonrecurring charges of $3.1 million.

Cash and cash equivalents and short-term investments at the end of the quarter totaled $200.7 million, an increase of $11.3 million sequentially.

TTM guided for fourt-quarter revenue of $140 million to $148 million.

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