Reports Q4 revenue $617.16M , consensus $658.57M .Adjusted EBITDA in the fourth quarter of 2022 was $81.6 million, or 13.2% of sales compared to adjusted EBITDA of $70.4 million, or 11.8% of sales for the fourth quarter of 2021."TTM delivered non-GAAP earnings above the midpoint of guidance. Of particular note, we saw strong cash flow in the fourth quarter of $77.6 million, which allowed us to repay a portion of our Term Loan B on January 3rd, 2023, and reduce our net leverage to 1.5x, below our 2x target," said Tom Edman, CEO of TTM. "We also saw the second quarter in a row of record bookings of $464.3 million in the Aerospace and Defense end market," concluded Mr. Edman.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on TTMI:
- TTM Technologies, Inc. Announces Consolidation of Manufacturing Footprint
- TTM Technologies, Inc. Reports Fiscal Fourth Quarter and 2022 Results
- TTM Technologies announces SBR to codify Government Security Committee
- TTM Technologies downgraded to Hold from Buy at Stifel
- TTM Technologies, Inc. to Conduct Fourth Quarter and Fiscal Year 2022 Conference Call on February 8, 2023
