TTM Technologies Q3 2024 Earnings Released

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Post on Nov 03, 2024

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TTM Technologies Delivers Solid Q3 2024 Earnings: A Look at the Numbers

TTM Technologies, the electronics manufacturing giant, just dropped their Q3 2024 earnings report, and it's looking pretty good. The company, known for producing printed circuit boards (PCBs) and other high-tech components, exceeded analysts' expectations on both earnings and revenue. Let's dive into the numbers and see what this means for TTM.

Key Highlights

• Earnings Per Share (EPS): TTM reported an EPS of $0.82, beating analysts' estimates of $0.75.
• Revenue: The company's Q3 revenue came in at $700 million, slightly ahead of the projected $695 million.
• Gross Margin: TTM's gross margin also saw a slight bump, coming in at 18.5%, up from 18.0% in Q2.

So what's driving this positive performance? Well, it seems like the demand for PCBs and other electronic components remains strong, especially in the automotive and industrial sectors. These sectors are seeing a lot of growth right now, and TTM is riding the wave.

Looking Forward

TTM has also provided some guidance for Q4 2024, projecting revenue between $710 million and $730 million. That would be a pretty solid jump from Q3, and a strong sign that the company is confident about its future prospects.

It's worth noting that TTM, like many tech companies, is navigating the challenges of a global economic slowdown, so it's great to see them perform so well despite these headwinds. The company is focused on investing in automation and streamlining its operations to improve efficiency and reduce costs.

What This Means for Investors

These strong Q3 results and positive guidance will likely be welcomed news for TTM investors. The company's stock price has been on a roll lately, and this earnings report might just give it another boost.

Overall, TTM Technologies is showing a lot of resilience in a tough market. They're delivering strong results, investing in the future, and setting themselves up for continued success. It's going to be interesting to see how they perform in the coming quarters.