聯繫方式：

Sameer Desai,

副總裁，公司發展與投資者關係

ttm科技公司報告2024年第三季度業績

Sameer.desai@ttmtech.com

714-327-3050

Net sales were $616.5的三個月

GAAP net income of $14.3 million, or $0.14 per diluted share

Non-GAAP net income was $42.7 million, or $0.41 per diluted share, inclusive of a $17.8 million pre-tax, non-operational, foreign exchange loss

Cash flow from operations was $65.1 million, or 10.6% of sales

Book to bill of 1.20 for the third quarter

航空航天與國防項目的積壓達到創紀錄的14.9億美元

聯繫方式：

同事德賽，

公司副總裁

業務發展和投資者關係

Sameer.desai@ttmtech.com

714-327-3050

聯繫方式：

同事德賽，

公司副總裁

業務發展和投資者關係

Sameer.desai@ttmtech.com

714-327-3050

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

Net sales

Cost of goods sold

Gross profit

Operating expenses:

Selling and marketing

General and administrative

Research and development

Amortization of definite-lived intangibles

Impairment of goodwill

Restructuring charges

Total operating expenses

Operating income (loss)

Interest expense

Loss on extinguishment of debt

Gain on sale of subsidiary

Other, net

Income (loss) before income taxes

Income tax provision

Net income (loss)

Earnings (loss) per share:

Basic

Diluted

Weighted-average shares used in computing per share amounts:

Basic

Diluted

Reconciliation of the denominator used to calculate basic earnings per share and diluted earnings per share:

Weighted-average shares outstanding

Dilutive effect of performance-based stock units, restricted stock units and stock options

Diluted shares

SELECTED BALANCE SHEET DATA

Cash and cash equivalents, including restricted cash

Accounts and notes receivable, net

Receivable from sale of SH E-MS property

Contract assets

Inventories

Total current assets

Property, plant and equipment, net

Operating lease right of use asset

Other non-current assets

Total assets

Short-term debt, including current portion of long-term debt

Accounts payable

Total current liabilities

Debt, net of discount

Total long-term liabilities

Total equity

Total liabilities and equity

SUPPLEMENTAL DATA

Gross margin

Operating margin

End Market Breakdown:

Aerospace and Defense

Automotive

Data Center Computing

Medical/Industrial/Instrumentation

Networking

Stock-based Compensation:

Amount included in:

Cost of goods sold

Selling and marketing

General and administrative

Research and development

Total stock-based compensation expense

Operating Segment Data:

Net sales:

PCB

RF&S Components

Total net sales

Operating segment income:

PCB

RF&S Components

Corporate & Other

Total operating segment income

Amortization of definite-lived intangibles

Total operating income (loss)

Total other expense

Income (loss) before income taxes

RECONCILIATIONS¹

Non-GAAP gross profit reconciliation²:

GAAP gross profit

Add back item:

Amortization of definite-lived intangibles

Stock-based compensation

Unrealized (gain) loss on commodity hedge

Purchase accounting related inventory markup

Other charges

Non-GAAP gross profit

Non-GAAP gross margin

Non-GAAP operating income reconciliation³:

GAAP operating income (loss)

Add back items:

Amortization of definite-lived intangibles

Stock-based compensation

Gain on sale of property

Unrealized (gain) loss on commodity hedge

Purchase accounting related inventory markup

Restructuring, acquisition-related and other charges

Non-GAAP operating income

Non-GAAP operating margin

Non-GAAP net income and EPS reconciliation⁴:

GAAP net income (loss)

Add back items:

Amortization of definite-lived intangibles

Stock-based compensation

Non-cash interest expense

Gain on sale of property

Loss on extinguishment of debt

Gain on sale of subsidiary

Unrealized (gain) loss on commodity hedge

Purchase accounting related inventory markup

Restructuring, acquisition-related and other charges

Income taxes⁵

Non-GAAP net income

Non-GAAP earnings per diluted share

Non-GAAP diluted number of shares:

GAAP diluted number of shares

Dilutive effect of performance-based stock units, restricted stock units and stock options

Non-GAAP diluted number of shares

Adjusted EBITDA reconciliation⁶:

GAAP net income (loss)

Add back items:

Income tax provision

Interest expense

Amortization of definite-lived intangibles

Depreciation expense

Stock-based compensation

Gain on sale of property

Loss on extinguishment of debt

Gain on sale of subsidiary

Unrealized (gain) loss on commodity hedge

Purchase accounting related inventory markup

Restructuring, acquisition-related and other charges

Adjusted EBITDA

Adjusted EBITDA margin

Free cash flow reconciliation:

Operating cash flow

Capital expenditures, net

Free cash flow

This information provides a reconciliation of non-GAAP gross profit, non-GAAP operating income, non-GAAP net income, non-GAAP EPS, and adjusted EBITDA to the financial information in our consolidated condensed statements of operations.

Non-GAAP gross profit and gross margin measures exclude amortization of intangibles, stock-based compensation expense, unrealized (gain) loss on commodity hedge, purchase accounting related inventory markup, and other charges.

Non-GAAP operating income and operating margin measures exclude amortization of intangibles, stock-based compensation expense, gain on sale of property, unrealized (gain) loss on commodity hedge, purchase accounting related inventory markup, restructuring, acquisition-related costs, and other charges.

This information provides non-GAAP net income and non-GAAP EPS, which are non-GAAP financial measures. Management believes that both measures — which add back amortization of intangibles, stock-based compensation expense, non-cash interest expense on debt (before consideration of capitalized interest), gain on sale of property, loss on extinguishment of debt, gain on sale of subsidiary, unrealized (gain) loss on commodity hedge, purchase accounting related inventory markup, restructuring, acquisition-related costs, and other charges as well as the associated tax impact of these charges and discrete tax items — provide additional useful information to investors regarding the Company’s ongoing financial condition and results of operations.

Income tax adjustments reflect the difference between income taxes based on a non-GAAP tax rate and a forecasted annual GAAP tax rate.

Adjusted EBITDA is defined as earnings before income taxes, interest expense, amortization of intangibles, depreciation, stock-based compensation expense, gain on sale of property, loss on extinguishment of debt, gain on sale of subsidiary, unrealized (gain) loss on commodity hedge, purchase accounting related inventory markup, restructuring, acquisition-related costs, and other charges. We present adjusted EBITDA to enhance the understanding of our operating results, and it is a key measure we use to evaluate our operations. In addition, we provide our adjusted EBITDA because we believe that investors and securities analysts will find adjusted EBITDA to be a useful measure for evaluating our operating performance and comparing our operating performance with that of similar companies that have different capital structures and for evaluating our ability to meet our future debt service, capital expenditures, and working capital requirements. However, adjusted EBITDA should not be considered as an alternative to cash flows from operating activities as a measure of liquidity or as an alternative to net income as a measure of operating results in accordance with accounting principles generally accepted in the United States of America.