Earnings ·
TTM Reports Q3 Net Sales of $1.2B, Announces Proposed $650M Acquisition of Ophir Optics
TTMITtm Technologies Inc
TTM Technologies reported third-quarter net sales of $1.2 billion, a 60% increase year over year, and GAAP diluted earnings per share of $0.79. The company also announced plans to acquire the Ophir Optics business from MKS Inc. for $650 million in an all-cash transaction expected to close after regulatory approvals. Additionally, TTM provided fourth-quarter net sales guidance of $1.42 billion to $1.44 billion and initiated a preliminary 2027 full-year forecast of $6.5 billion to $6.75 billion in net sales. The company operates as a global manufacturer of technology products, including mission systems, radio frequency components, and printed circuit boards.