TTM Technologies Q4 EPS Tops Estimates, Revenues Up 18.9% Y/Y
TTM Technologies reported Q4 EPS of $0.70, beating the Zacks Consensus Estimate of $0.68 and up from $0.60 a year earlier. Revenues rose 18.9% year-over-year, driven by strength in the Commercial and Aerospace & Defense segments.
1. Q4 Earnings Surpass Estimates
TTM Technologies reported fourth-quarter earnings of $0.70 per share, exceeding the Zacks Consensus Estimate of $0.68 and up from $0.60 in the year-ago period. This marks a record earnings per share result for the quarter and reflects disciplined cost management and margin expansion across its manufacturing facilities.
2. Robust Revenue Growth
The company’s fourth-quarter revenues rose 18.9% year-over-year, driven by strong demand in its core printed circuit board business. Total net sales climbed from approximately $600 million in Q4 of the prior year to $714 million, topping analyst projections and representing the highest quarterly revenue tally in TTM’s history.
3. Strength in Commercial and Aerospace & Defense
Commercial end markets delivered a 22% increase in Q4 revenue, fueled by higher order volumes in telecommunications infrastructure and computing applications. Aerospace & Defense sales grew 15%, supported by new program ramps with key defense prime contractors and increased production of ruggedized printed circuit assemblies.