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SANTA ANA, Calif. - TTM Technologies, Inc. (NASDAQ: TTMI), a global leader in technology solutions with a market capitalization of $2.67 billion, announced today the retirement of its founder and former CEO, Kent Alder, from the company’s board. Alder, who established TTM in 1998, is recognized for his visionary leadership and the company’s growth into a prominent player in the electronics industry. The company’s stock has demonstrated remarkable strength, delivering a 46.75% return over the past year.According to InvestingPro analysis, TTM Technologies maintains a strong financial position, with a "GOOD" overall health score.
Under Alder’s guidance, TTM Technologies expanded from a modest operation to a major manufacturer of mission systems, radio frequency components, and advanced printed circuit boards, now generating annual revenues of $2.52 billion. His commitment to the company’s core values, which include integrity, honesty, and performance excellence, has been credited with fostering a culture of ethical leadership and operational superiority. The company maintains robust liquidity with a current ratio of 2.07, indicating strong financial management.
Rex Geveden, Chairman of the Board of Directors, expressed gratitude for Alder’s dedication and the profound impact he has had on the company, stating, "The journey from where Kent started TTM, to where we are today has been nothing short of remarkable."
In recognition of Alder’s influence and contributions, TTM Technologies honors an internal team annually with the Alder Award for outstanding performance. The continuation of this tradition serves to honor Alder’s legacy and promote the values he championed.
TTM Technologies continues to provide a wide range of technology solutions, focusing on time-to-market services that support customers in reducing product development times and accelerating market entry. The company’s offerings include mission systems, radio frequency components, and various assemblies essential for the electronics industry.
The retirement of Kent Alder from the board marks the conclusion of a significant chapter in TTM Technologies’ history, as the company looks to uphold the standards and principles instilled by its founder in its future endeavors. This transition is based on a press release statement from TTM Technologies, Inc.
In other recent news, TTM Technologies reported first-quarter earnings for 2025 that exceeded expectations, with revenue reaching $648.7 million, surpassing the anticipated $621.94 million. The company’s earnings per share (EPS) also outperformed, coming in at $0.50 compared to the forecasted $0.39. This marked a 14% year-over-year revenue increase, driven by strong performance in the aerospace, defense, and data center computing sectors. Needham has subsequently raised its price target for TTM Technologies to $35, while maintaining a Buy rating, citing the company’s resilience and strong second-quarter outlook.
The company’s guidance for the second quarter remains optimistic, projecting revenue growth of 11% year-over-year at the midpoint, exceeding the consensus forecast of 6%. TTM Technologies anticipates continued growth in four of its five major verticals, with a focus on expanding its aerospace and defense programs. The firm is also progressing with new facilities in Malaysia and New York, which are expected to enhance operational capabilities. Despite new tariffs, TTM Technologies has reported minimal direct impact on revenue, attributing its strong performance to diversified manufacturing and strategic investments.
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