Movement Alert|TTM Technologies Inc Intraday Rise 5.27%, Electronic Manufacturing Services Sector Rebounds on Epiq Acquisition

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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.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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