On October 9, TTM Technologies Inc rose 5.27% in regular trading, trading at $125.585/share, with Turnover of $21.39 million. The advance came as the electronic manufacturing services sector broadly rebounded, with Fabrinet up 4.38%, Celestica up 3.19%, Flex Ltd up 1.97%, TE Connectivity up 1.06%, and Jabil Circuit up 1.04%.
On the news front, TTM Technologies recently completed its $1.1 billion all-cash acquisition of Epiq Solutions, a transaction aimed at strengthening its aerospace and defense portfolio. The company stated the deal is expected to be immediately accretive to adjusted EBITDA margin, moderately dilutive to non-GAAP diluted EPS in 2027, and accretive to non-GAAP diluted EPS in 2028. The acquisition was funded through a $300 million incremental senior secured term loan A, an $800 million incremental senior secured term loan B, and previously issued 6.75% senior notes due 2034.
TTM Technologies, Inc. is a global manufacturer of technology products, including mission systems, radio frequency components and RF microwave/microelectronic assemblies, and printed circuit boards, serving aerospace and defense, data center computing, automotive, medical, industrial, and networking applications.
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