On September 17, TTM Technologies Inc rose 5.31% in regular trading, trading at $118.11/share, with turnover of $20.90 million. The stock rebounded sharply after plunging over 10% on September 14, as sector-wide selling pressure subsided and market concerns over the company's large-scale debt financing were gradually digested.
The Electronic Manufacturing Services sector staged a broad recovery, with Celestica up 6.38%, Flex Ltd up 3.31%, Jabil Circuit up 2.01%, Fabrinet up 1.85%, and TE Connectivity up 0.53%. The prior selloff was primarily triggered by sector-wide weakness compounded by investor anxiety over the balance sheet impact of TTM's $500 million 6.75% senior notes due 2034, which were successfully priced on September 11.
On the fundamental side, the financing is part of a broader capital plan — including $300 million in Term Loan A and $800 million in Term Loan B — to fund TTM's approximately $1.1 billion all-cash acquisition of Epiq Solutions. The deal is designed to expand the company's RF, software-defined radio, and defense electronics portfolio. Management expects the acquisition to be immediately accretive to adjusted EBITDA margin and accretive to non-GAAP diluted EPS by 2028.
(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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