COSTA MESA, CA -- TTM Technologies reported fourth-quarter net income of $13.9 million on revenue of $390.9 million.

Profits for the period ended Dec. 29 were up 23% and sales were up 6.8% over the prior year quarter.

For the year, the printed circuit board maker said profits were $14.7 million on revenue of $1.33 billion. Full-year profits were down 32.9% and sales were down 2.9% from 2013.

"We were pleased with our execution during the seasonally robust fourth quarter as our operating performance was on plan and resulted in significant sequential increases in revenue and operating profit," said Tom Edman, CEO of TTM. "Demand for our advanced HDI and rigid-flex PCB products used in smartphones was notably strong and drove our product shift toward advanced technology PCBs, resulting in strong utilization rates in our Asia Pacific manufacturing facilities. We are also encouraged to see bookings in the cellular phone end market remain solid as we enter the seasonally weaker first quarter."

Edman said its proposed acquisition of Viasystems remains subject to review by the US Federal Trade Commission and approval of the Committee on Foreign Investment in the United States, and is expected to close in the first half of 2015.

The company guided for first-quarter sales of $310 million to $330 million.

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