Business Context and Reporting Period
Company: TTM Technologies, Inc.
Filing Type: Form 8-K (Current Report)
Date: January 13, 2011
Context: This filing serves as a Regulation FD disclosure regarding a slide show presentation delivered at the 13th Annual Needham Growth Conference on January 13, 2011. The primary purpose is to disseminate additional financial guidance for the fourth quarter of 2010.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document references the inclusion of "Adjusted EBITDA" in the accompanying presentation (Exhibit 99.1) but does not list the specific figures within the body of this 8-K report.
Material Changes
No specific material changes to financial results or operations are detailed in the text of this filing. The report indicates that the presentation contains "additional financial guidance" for Q4 2010, implying an update to previously stated expectations, though the specific nature of these changes is not described in the filing text.
Guidance, Outlook, and Risks
- Guidance: The company provided additional financial guidance for the fourth quarter of 2010 in the attached presentation.
- Non-GAAP Measure: The company utilizes "Adjusted EBITDA" (defined as net income adjusted for interest, taxes, depreciation, amortization, and asset impairment) to evaluate operations and debt service capabilities. The filing explicitly states this is not a GAAP measure and should not be considered an alternative to net income or operating cash flows.
- Forward-Looking Statements: Management disclaims any obligation to update forward-looking statements or expectations regarding events, conditions, or circumstances.
- Availability: The detailed presentation is available on the company website (www.ttmtech.com), subject to discontinuation at the company's discretion.
Investor Verification Checklist
- Review Exhibit 99.1 (the slide show presentation) to obtain the specific Q4 2010 financial guidance figures.
- Verify the specific definition and reconciliation of "Adjusted EBITDA" provided in the presentation against GAAP net income.
- Confirm the availability of the presentation on the company website, noting the company's right to remove it.
- Assess the impact of the Q4 2010 guidance update on full-year 2010 performance expectations.