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TTM Technologies, Inc. Updates Fourth Quarter 2012 Guidance

Stocks in this article: TTMI

COSTA MESA, Calif., Jan. 15, 2013 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (Nasdaq:TTMI), a major global printed circuit board manufacturer, today announced it expects to report both revenue and earnings per share at or somewhat above the high end of its previous guidance for the fourth quarter of 2012. The company provided fourth quarter guidance of revenue from $360 million to $380 million, GAAP earnings attributable to stockholders of $0.07 to $0.14 per diluted share and non-GAAP earnings attributable to stockholders of $0.14 to $0.21 per diluted share. 

TTM Technologies will announce its fourth quarter and fiscal year 2012 results after the market closes on February 5, 2013. 

Fourth Quarter and Fiscal Year 2012 Conference Call Information

The company will host a conference call and webcast to discuss the fourth quarter and fiscal year 2012 results as well as the first quarter 2013 outlook on Tuesday, February 5, 2013, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time).

Telephone access is available by dialing domestic 1-888-549-7880 or international 1-480-629-9770. The conference call also will be webcast on TTM Technologies' website at www.ttmtech.com .

About Our Non-GAAP Financial Measures

This release includes information about the Company's non-GAAP net income attributable to stockholders and non-GAAP earnings per share attributable to stockholders, 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, asset impairments, restructuring and other charges as well as the associated tax impact of these charges -- provide additional useful information to investors regarding the Company's ongoing financial condition and results of operations.

A material limitation associated with the use of the above non-GAAP financial measures is that they have no standardized measurement prescribed by GAAP and may not be comparable to similar non-GAAP financial measures used by other companies. The Company compensates for these limitations by providing full disclosure of each non-GAAP financial measure and reconciliation to the most directly comparable GAAP financial measure. However, the non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.

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