TTM Technologies Files Q3 2024 10-Q

TL;DR

TTM Tech's Q3 10-Q is in: check financials for latest performance.

AI Summary

TTM Technologies Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position, including its assets, liabilities, and equity. Specific financial figures and operational details are provided within the report, which is crucial for investors and stakeholders to assess the company's health.

Why It Matters

This filing provides investors with the latest financial data for TTM Technologies, Inc., enabling them to make informed decisions about the company's performance and future prospects.

Risk Assessment

Risk Level: medium — As a publicly traded company in the manufacturing sector, TTM Technologies faces inherent market and operational risks that are detailed in its SEC filings.

Key Numbers

• Q3 — Quarter (Reporting Period)

Key Players & Entities

• TTM TECHNOLOGIES INC (company) — Filer
• 20240930 (date) — Period of Report
• 20241105 (date) — Filing Date
• SANTA ANA (location) — Business Address City
• 7143273000 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $0.001 — ge on which registered Common Stock , $0.001 par value TTMI Nasdaq Global Select

Filing Documents

• ttmi-20240930.htm (10-Q) — 2486KB
• ttmi-ex31_1.htm (EX-31.1) — 11KB
• ttmi-ex31_2.htm (EX-31.2) — 11KB
• ttmi-ex32_1.htm (EX-32.1) — 9KB
• ttmi-ex32_2.htm (EX-32.2) — 10KB
• 0000950170-24-121449.txt ( ) — 10612KB
• ttmi-20240930.xsd (EX-101.SCH) — 1187KB
• ttmi-20240930_htm.xml (XML) — 2341KB

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION 3

Financial Statements (unaudited)

Item 1. Financial Statements (unaudited) 3 Consolidated Condensed Balance Sheets as of September 30, 2024 and January 1, 2024 3 Consolidated Condensed Statements of Operations for the quarter and three quarters ended September 30, 2024 and October 2, 2023 4 Consolidated Condensed Statements of Comprehensive Income (Loss) for the quarter and three quarters ended September 30, 2024 and October 2, 2023 5 Consolidated Condensed Statements of Stockholders' Equity for the three quarters ended September 30, 2024 and October 2, 2023 6 Consolidated Condensed Statements of Cash Flows for the three quarters ended September 30, 2024 and October 2, 2023 7 Notes to Consolidated Condensed Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 19

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 25

Controls and Procedures

Item 4. Controls and Procedures 26

: OTHER INFORMATION

PART II: OTHER INFORMATION 27

Legal Proceedings

Item 1. Legal Proceedings 27

Risk Factors

Item 1A. Risk Factors 27

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 27

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 27

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 27

Other Information

Item 5. Other Information 27

Exhibits

Item 6. Exhibits 29

FINANCI AL INFORMATION

PART I. FINANCI AL INFORMATION

Financial Sta tements (unaudited)

Item 1. Financial Sta tements (unaudited) TTM TECHNOLOGIES, INC. Consolidated Condens ed Balance Sheets As of September 30, 2024 and January 1, 2024 As of September 30, 2024 January 1, 2024 (Unaudited) (In thousands, except par value) ASSETS Current assets: Cash and cash equivalents $ 469,500 $ 450,208 Accounts receivable, net 422,885 413,557 Contract assets 362,668 292,050 Inventories 227,913 213,075 Receivable from sale of Shanghai E-MS (SH E-MS) property — 6,737 Prepaid expenses and other current assets 41,861 54,060 Total current assets 1,524,827 1,429,687 Property, plant, and equipment, net 859,247 807,667 Operating lease right-of-use assets 79,500 86,286 Goodwill 702,735 702,735 Definite-lived intangibles, net 201,069 236,711 Deposits and other non-current assets 51,440 60,577 Total assets $ 3,418,818 $ 3,323,663 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt, including current portion of long-term debt $ 3,465 $ 3,500 Accounts payable 387,071 334,609 Contract liabilities 138,368 126,508 Accrued salaries, wages, and benefits 112,616 98,561 Other current liabilities 121,730 140,806 Total current liabilities 763,250 703,984 Long-term debt, net of discount and issuance costs 912,809 914,336 Operating lease liabilities 84,291 80,786 Other long-term liabilities 111,359 113,518 Total long-term liabilities 1,108,459 1,108,640 Commitments and contingencies (Note 14) Equity: Common stock, $ 0.001 par value; 300,000 shares authorized; 113,132 and 111,282 shares issued as of September 30, 2024 and January 1, 2024, respectively; 101,968 and 102,108 shares outstanding as of September 30, 2024 and January 1, 2024, respectively 113 111 Treasury stock – common stock at cost; 11,164 and 9,174 shares as of September 30, 2024 and January 1, 2024, respectively ( 157,

View Full Filing

View this 10-Q filing on SEC EDGAR