NASDAQ$TTMI

TTM Technologies Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

TTM Technologies reported results above expectations due to better sales across all end markets and strict financial discipline.

TTM Technologies reported Q4 2020 results with revenue above the midpoint and earnings above the previously guided range, driven by excellent operational execution and better sales across all end markets. The company's net debt leverage ratio decreased to 1.4x, and convertible bonds were repaid.

  • Net sales were $523.8 million.
  • GAAP net income was $39.0 million, or $0.34 per diluted share.
  • Non-GAAP net income was $40.2 million, or $0.37 per diluted share.
  • Cash flow from operations was $55.5 million.

Headline financials

Total Revenue

$524M

Previous: $719M-27.2%
EPS (adj)

$0.37

Previous: $0.41-9.8%
Adjusted EBITDA

$68.2M

Previous: $111M-38.7%
Adjusted EBITDA Margin

13.0%

Previous: 15.5%-16.1%
Capital Expenditures

$19.2M

Previous: $47.2M-59.2%
Free Cash Flow

$36.8M

Previous: $82.9M-55.6%
Net Income

$39M

Previous: $25.3M+54.2%
Operating Income

$29.2M

Previous: $49.4M-40.9%
Gross Profit

$88M

Previous: $125M-29.4%
Cash & Equivalents

$452M

Previous: $298M+51.7%
Total Assets

$2.9B

Previous: $3.56B-18.7%
Stock-Based Comp

$4.11M

Previous: $4.63M-11.1%

Revenue & EPS history

TTM Technologies · Revenue · Quarterly

$524M

Q4 2020-27.2%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

TTM Technologies · $13.9M total across 1 segment · Q3 2022

  • RF&S Components
    $13.9M

Forward guidance

TTM estimates that revenue for the first quarter of 2021 will be in the range of $490 million to $530 million, and non-GAAP net income will be in the range of $0.19 to $0.25 per diluted share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+2.6%

Avg return

Earnings day

+4.5%

Avg return

5 days after

+5.8%

Avg return

30 days after

59%

38 / 64 earnings

Positive

+22.1%

Q2 2022

Best reaction

-20.4%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027+15.3%+16.1%+26.4%
Q4 2025-3.8%-2.5%-8.6%
Q3 2025+4.6%+18.0%+18.5%
Q1 2025+16.6%+25.5%+49.2%
Q4 2024+10.0%+4.9%-5.5%
Q3 2024+13.9%+14.7%+23.7%
Q2 2024-5.8%-14.3%-6.2%
Q1 2024+11.5%+17.3%+24.6%
Q4 2023+5.1%+12.6%+3.7%
Q3 2023+22.0%+23.3%+30.4%
Q2 2023+2.3%+4.2%+3.5%
Q1 2023-1.0%-1.3%+18.2%
Q4 2022-15.2%-12.7%-19.5%
Q3 2022-17.1%-10.0%+4.3%
Q2 2022+22.1%+20.5%+11.7%
Q1 2022+1.9%-0.8%+2.3%
Q3 2021-4.8%-1.6%+3.1%
Q2 2021+0.9%+2.0%+2.8%
Q1 2021-0.3%-1.2%-0.3%
Q4 2020+1.2%+2.1%+2.4%
Q3 2020-0.1%-2.1%+10.0%
Q2 2020+3.8%+3.5%-2.4%
Q1 2020+6.0%-0.1%+5.9%
Q4 2019-0.5%-9.7%-14.5%
Q3 2019-7.4%-0.3%+6.0%
Q2 2019+13.0%+6.1%+3.3%
Q1 2019-9.0%-6.3%-35.6%
Q4 2018+1.0%+2.6%-1.7%
Q3 2018-11.1%-1.8%-10.8%
Q2 2018+12.2%+8.5%+7.7%
Q1 2018+17.0%+14.6%+25.8%
Q4 2017-2.7%-1.6%+6.2%
Q3 2017+8.2%+6.4%+0.7%
Q2 2017-20.4%-20.4%-17.2%
Q1 2017+2.2%+1.0%+4.2%
Q4 2016+12.2%+16.1%+5.5%
Q3 2016+16.9%+12.7%+16.1%
Q2 2016+15.7%+23.8%+27.4%
Q1 2016-3.8%
Q4 2015+18.9%
Q3 2015+9.0%
Q2 2015-8.3%
Q1 2015-1.2%
Q4 2014+8.7%
Q3 2014+12.0%
Q2 2014-6.1%
Q1 2014-2.1%
Q4 2013+4.5%
Q3 2013-14.3%
Q2 2013+1.5%
Q1 2013+18.6%
Q4 2012+6.0%
Q3 2012-1.1%
Q2 2012-13.9%
Q1 2011+0.5%
Q1 2012+0.8%
Q4 2011-0.9%
Q4 2009-0.9%
Q3 2011+0.0%
Q3 2010+0.0%
Q2 2010+0.3%
Q4 2010+0.3%
Q2 2011+0.3%
Q1 2010+4.3%

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