TTM Technologies delivered impressive third-quarter results, with 22% year-on-year sales growth driven by strong demand in data centers and aerospace markets, exceeding guidance for the fourth consecutive quarter. Non-GAAP EPS reached a remarkable $0.67, reinforcing the company's operational efficiency.
- Sales growth of 22% YoY, supported by increased demand in data center computing and aerospace and defense sectors.
- Aerospace and defense accounted for 45% of total sales, indicating robust market performance and strong program backlogs.
- Adjusted EBITDA margin remained steady at 16.1%, reflecting consistent operational execution despite external pressures.
- Cash flow from operations totaled $141.8 million, equating to 18.8% of sales, highlighting strong liquidity and financial health.
- Continued progress in expanding manufacturing capabilities, with expected growth from the Penang facility and advancements in the Ultra-HDI PCB facility in Syracuse.
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