Latest news with #TomEdman
Yahoo
7 hours ago
- Business
- Yahoo
Global Electronics Association Debuts; New Name Elevates IPC's 70-Year Legacy as Voice of $6 Trillion Electronics Industry
Electronics Ecosystem Electronics Standards and Certifications Leader Unveils New Vision and Mission for Supply Chain Harmonization and Advocacy, Releases Global Trade Flows Study BANNOCKBURN, Ill., June 23, 2025 (GLOBE NEWSWIRE) -- Today begins a new chapter for IPC as it officially becomes the Global Electronics Association, reflecting its role as the voice of the electronics industry. Guided by the vision of 'Better electronics for a better world,' the Global Electronics Association ( is dedicated to enhancing supply chain resilience and promoting accelerated growth through engagement with more than 3,000 member companies, thousands of partners, and dozens of governments across the globe. 'The Board's support and approval of this transformation shows our collective recognition that the electronics industry has fundamentally changed. The Association has expanded well beyond its beginning in printed circuit boards – we're enabling AI, autonomous vehicles, next-generation communications, and much more,' said Tom Edman, board chair of the Global Electronics Association and president and CEO of TTM Technologies. 'As we chart our path forward with our new name, we will continue and elevate our efforts to build partnerships between governments and industries, foster new investment, drive innovation across the industry, and minimize disruptions in the electronics supply chain.' As part of its new mission, the Association is increasing resources to strengthen advocacy, deepen industry insights, and enhance stakeholder communications — all aimed at advancing and elevating the electronics industry. To champion a resilient and growing supply chain, the Association represents the entire ecosystem of diverse subsectors that contribute to this complex industry. 'Electronics today are the backbone of all industries, which makes its supply chain crucial to economies, governments, and everyday life,' said Dr. John W. Mitchell, president and CEO of the Global Electronics Association. 'Our new mission and vision position us to work more deeply with industry and our members globally to advocate for the importance of electronics in our continuously changing world.' The Global Electronics Association will retain the IPC brand for the industry's standards and certification programs, which are vital to ensure product reliability and consistency. The IPC Education Foundation is now known as the Electronics Foundation, continuing to focus on solving the talent challenges for the electronics industry. Global Electronics Trade Flows The Global Electronics Association also released a trade flows study of the global electronics industry, which now represents more than $1 in every $5 of global merchandise trade. Key findings include: Electronics supply chains are more globally integrated than any other industry, surpassing even the automotive sector in cross-border complexity. Trade inputs like semiconductors and connectors now exceed trade in finished products such as smartphones and laptops, with global electronics trade totaling $4.5 trillion in 2023, including $2.5 trillion in components alone. Top exporters such as China, Vietnam, and India are among the fastest-growing importers of electronic inputs, underscoring the deep interdependence embedded in global electronics production. This mutual reliance challenges the viability of reshoring and decoupling strategies, as rising export powers depend on components from across the world. Mitchell concluded: 'Our trade flows analysis reinforces that resilience, not self-sufficiency, is the foundation of competitiveness in the electronics age. No single company or country can stand alone. The complexities of the electronics ecosystem require collaboration and partnership with others. The Global Electronics Association is here to help create a vital and thriving global electronics supply chain through industry, government, and stakeholder collaboration.' Global Operations Supporting Entire Value Chain The electronics value chain supported by the Global Electronics Association – from design to final product – encompasses original equipment manufacturers, semiconductors, printed circuit boards, assembly and manufacturing services, harnesses, materials, and equipment suppliers. The Association has operations in Belgium, China, Germany, India, Japan, Korea, Malaysia, Mexico, Taiwan, and the United States, and a presence across dozens more countries to support its members. About the Global Electronics AssociationThe Global Electronics Association is the voice of the electronics industry, working with thousands of members and partners to build a more resilient supply chain and drive sustainable growth. We advocate for fair trade, smart regulation, and regional manufacturing, and educate on industry practices, actionable intelligence and technical innovations to empower the future. The Association collaborates with governments and companies worldwide to advance a trusted and prosperous electronics industry. Formerly known as IPC, the organization serves a $6 trillion market and operates from offices across Asia-Pacific, Europe and North and South America. Learn more at Contact:Michelle Leff MermelsteinMichellemermelstein@ + 1 202-661-8092 A photo accompanying this announcement is available at in to access your portfolio
Associated Press
8 hours ago
- Business
- Associated Press
Global Electronics Association Debuts; New Name Elevates IPC's 70-Year Legacy as Voice of $6 Trillion Electronics Industry
Electronics Standards and Certifications Leader Unveils New Vision and Mission for Supply Chain Harmonization and Advocacy, Releases Global Trade Flows Study BANNOCKBURN, Ill., June 23, 2025 (GLOBE NEWSWIRE) -- Today begins a new chapter for IPC as it officially becomes the Global Electronics Association, reflecting its role as the voice of the electronics industry. Guided by the vision of 'Better electronics for a better world,' the Global Electronics Association ( is dedicated to enhancing supply chain resilience and promoting accelerated growth through engagement with more than 3,000 member companies, thousands of partners, and dozens of governments across the globe. 'The Board's support and approval of this transformation shows our collective recognition that the electronics industry has fundamentally changed. The Association has expanded well beyond its beginning in printed circuit boards – we're enabling AI, autonomous vehicles, next-generation communications, and much more,' said Tom Edman, board chair of the Global Electronics Association and president and CEO of TTM Technologies. 'As we chart our path forward with our new name, we will continue and elevate our efforts to build partnerships between governments and industries, foster new investment, drive innovation across the industry, and minimize disruptions in the electronics supply chain.' As part of its new mission, the Association is increasing resources to strengthen advocacy, deepen industry insights, and enhance stakeholder communications — all aimed at advancing and elevating the electronics industry. To champion a resilient and growing supply chain, the Association represents the entire ecosystem of diverse subsectors that contribute to this complex industry. 'Electronics today are the backbone of all industries, which makes its supply chain crucial to economies, governments, and everyday life,' said Dr. John W. Mitchell, president and CEO of the Global Electronics Association. 'Our new mission and vision position us to work more deeply with industry and our members globally to advocate for the importance of electronics in our continuously changing world.' The Global Electronics Association will retain the IPC brand for the industry's standards and certification programs, which are vital to ensure product reliability and consistency. The IPC Education Foundation is now known as the Electronics Foundation, continuing to focus on solving the talent challenges for the electronics industry. Global Electronics Trade Flows The Global Electronics Association also released a trade flows study of the global electronics industry, which now represents more than $1 in every $5 of global merchandise trade. Key findings include: Mitchell concluded: 'Our trade flows analysis reinforces that resilience, not self-sufficiency, is the foundation of competitiveness in the electronics age. No single company or country can stand alone. The complexities of the electronics ecosystem require collaboration and partnership with others. The Global Electronics Association is here to help create a vital and thriving global electronics supply chain through industry, government, and stakeholder collaboration.' Global Operations Supporting Entire Value Chain The electronics value chain supported by the Global Electronics Association – from design to final product – encompasses original equipment manufacturers, semiconductors, printed circuit boards, assembly and manufacturing services, harnesses, materials, and equipment suppliers. The Association has operations in Belgium, China, Germany, India, Japan, Korea, Malaysia, Mexico, Taiwan, and the United States, and a presence across dozens more countries to support its members. About the Global Electronics Association The Global Electronics Association is the voice of the electronics industry, working with thousands of members and partners to build a more resilient supply chain and drive sustainable growth. We advocate for fair trade, smart regulation, and regional manufacturing, and educate on industry practices, actionable intelligence and technical innovations to empower the future. The Association collaborates with governments and companies worldwide to advance a trusted and prosperous electronics industry. Formerly known as IPC, the organization serves a $6 trillion market and operates from offices across Asia-Pacific, Europe and North and South America. Learn more at Contact: Michelle Leff Mermelstein [email protected] + 1 202-661-8092 A photo accompanying this announcement is available at
Yahoo
8 hours ago
- Business
- Yahoo
Global Electronics Association Debuts; New Name Elevates IPC's 70-Year Legacy as Voice of $6 Trillion Electronics Industry
Electronics Ecosystem Electronics Standards and Certifications Leader Unveils New Vision and Mission for Supply Chain Harmonization and Advocacy, Releases Global Trade Flows Study BANNOCKBURN, Ill., June 23, 2025 (GLOBE NEWSWIRE) -- Today begins a new chapter for IPC as it officially becomes the Global Electronics Association, reflecting its role as the voice of the electronics industry. Guided by the vision of 'Better electronics for a better world,' the Global Electronics Association ( is dedicated to enhancing supply chain resilience and promoting accelerated growth through engagement with more than 3,000 member companies, thousands of partners, and dozens of governments across the globe. 'The Board's support and approval of this transformation shows our collective recognition that the electronics industry has fundamentally changed. The Association has expanded well beyond its beginning in printed circuit boards – we're enabling AI, autonomous vehicles, next-generation communications, and much more,' said Tom Edman, board chair of the Global Electronics Association and president and CEO of TTM Technologies. 'As we chart our path forward with our new name, we will continue and elevate our efforts to build partnerships between governments and industries, foster new investment, drive innovation across the industry, and minimize disruptions in the electronics supply chain.' As part of its new mission, the Association is increasing resources to strengthen advocacy, deepen industry insights, and enhance stakeholder communications — all aimed at advancing and elevating the electronics industry. To champion a resilient and growing supply chain, the Association represents the entire ecosystem of diverse subsectors that contribute to this complex industry. 'Electronics today are the backbone of all industries, which makes its supply chain crucial to economies, governments, and everyday life,' said Dr. John W. Mitchell, president and CEO of the Global Electronics Association. 'Our new mission and vision position us to work more deeply with industry and our members globally to advocate for the importance of electronics in our continuously changing world.' The Global Electronics Association will retain the IPC brand for the industry's standards and certification programs, which are vital to ensure product reliability and consistency. The IPC Education Foundation is now known as the Electronics Foundation, continuing to focus on solving the talent challenges for the electronics industry. Global Electronics Trade Flows The Global Electronics Association also released a trade flows study of the global electronics industry, which now represents more than $1 in every $5 of global merchandise trade. Key findings include: Electronics supply chains are more globally integrated than any other industry, surpassing even the automotive sector in cross-border complexity. Trade inputs like semiconductors and connectors now exceed trade in finished products such as smartphones and laptops, with global electronics trade totaling $4.5 trillion in 2023, including $2.5 trillion in components alone. Top exporters such as China, Vietnam, and India are among the fastest-growing importers of electronic inputs, underscoring the deep interdependence embedded in global electronics production. This mutual reliance challenges the viability of reshoring and decoupling strategies, as rising export powers depend on components from across the world. Mitchell concluded: 'Our trade flows analysis reinforces that resilience, not self-sufficiency, is the foundation of competitiveness in the electronics age. No single company or country can stand alone. The complexities of the electronics ecosystem require collaboration and partnership with others. The Global Electronics Association is here to help create a vital and thriving global electronics supply chain through industry, government, and stakeholder collaboration.' Global Operations Supporting Entire Value Chain The electronics value chain supported by the Global Electronics Association – from design to final product – encompasses original equipment manufacturers, semiconductors, printed circuit boards, assembly and manufacturing services, harnesses, materials, and equipment suppliers. The Association has operations in Belgium, China, Germany, India, Japan, Korea, Malaysia, Mexico, Taiwan, and the United States, and a presence across dozens more countries to support its members. About the Global Electronics AssociationThe Global Electronics Association is the voice of the electronics industry, working with thousands of members and partners to build a more resilient supply chain and drive sustainable growth. We advocate for fair trade, smart regulation, and regional manufacturing, and educate on industry practices, actionable intelligence and technical innovations to empower the future. The Association collaborates with governments and companies worldwide to advance a trusted and prosperous electronics industry. Formerly known as IPC, the organization serves a $6 trillion market and operates from offices across Asia-Pacific, Europe and North and South America. Learn more at Contact:Michelle Leff MermelsteinMichellemermelstein@ + 1 202-661-8092 A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-04-2025
- Business
- Yahoo
TTM Technologies (NASDAQ:TTMI) Reports Strong Q1, Stock Jumps 16.2%
PCB manufacturing company TTM Technologies (NASDAQ:TTMI) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 13.8% year on year to $648.7 million. On top of that, next quarter's revenue guidance ($670 million at the midpoint) was surprisingly good and 4% above what analysts were expecting. Its non-GAAP profit of $0.50 per share was 26.6% above analysts' consensus estimates. Is now the time to buy TTM Technologies? Find out in our full research report. Revenue: $648.7 million vs analyst estimates of $620 million (13.8% year-on-year growth, 4.6% beat) Adjusted EPS: $0.50 vs analyst estimates of $0.40 (26.6% beat) Adjusted EBITDA: $99.48 million vs analyst estimates of $83.93 million (15.3% margin, 18.5% beat) Revenue Guidance for Q2 CY2025 is $670 million at the midpoint, above analyst estimates of $644.5 million Adjusted EPS guidance for Q2 CY2025 is $0.52 at the midpoint, above analyst estimates of $0.48 Operating Margin: 7.7%, up from 3% in the same quarter last year Market Capitalization: $2.08 billion 'We delivered a strong quarter with revenues and non-GAAP EPS above the high end of the guided range. Revenues grew 14% year on year due to demand strength in our Aerospace and Defense, Data Center Computing and Networking end markets, the latter two being driven by generative AI,' said Tom Edman, CEO of TTM. As one of the world's largest printed circuit board manufacturers with facilities spanning North America and Asia, TTM Technologies (NASDAQ:TTMI) manufactures printed circuit boards (PCBs) and radio frequency (RF) components for aerospace, defense, automotive, and telecommunications industries. Examining a company's long-term performance can provide clues about its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. With $2.52 billion in revenue over the past 12 months, TTM Technologies is a mid-sized business services company, which sometimes brings disadvantages compared to larger competitors benefiting from better economies of scale. As you can see below, TTM Technologies grew its sales at a tepid 3.8% compounded annual growth rate over the last five years. This shows it failed to generate demand in any major way and is a rough starting point for our analysis. Long-term growth is the most important, but within business services, a half-decade historical view may miss new innovations or demand cycles. TTM Technologies's recent performance shows its demand has slowed as its annualized revenue growth of 1.3% over the last two years was below its five-year trend. This quarter, TTM Technologies reported year-on-year revenue growth of 13.8%, and its $648.7 million of revenue exceeded Wall Street's estimates by 4.6%. Company management is currently guiding for a 10.7% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 3.8% over the next 12 months. While this projection implies its newer products and services will spur better top-line performance, it is still below average for the sector. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. TTM Technologies was profitable over the last five years but held back by its large cost base. Its average operating margin of 4.8% was weak for a business services business. On the plus side, TTM Technologies's operating margin rose by 4.4 percentage points over the last five years, as its sales growth gave it operating leverage. In Q1, TTM Technologies generated an operating profit margin of 7.7%, up 4.8 percentage points year on year. This increase was a welcome development and shows it was more efficient. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. TTM Technologies's EPS grew at a remarkable 11.9% compounded annual growth rate over the last five years, higher than its 3.8% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. Diving into TTM Technologies's quality of earnings can give us a better understanding of its performance. As we mentioned earlier, TTM Technologies's operating margin expanded by 4.4 percentage points over the last five years. On top of that, its share count shrank by 1.1%. These are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth. In Q1, TTM Technologies reported EPS at $0.50, up from $0.31 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects TTM Technologies's full-year EPS of $1.90 to grow 9.5%. We were impressed by how significantly TTM Technologies blew past analysts' EPS expectations this quarter. We were also excited its EPS guidance for next quarter outperformed Wall Street's estimates by a wide margin. Zooming out, we think this quarter featured some important positives. The stock traded up 16.2% to $23.30 immediately after reporting. Sure, TTM Technologies had a solid quarter, but if we look at the bigger picture, is this stock a buy? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
Yahoo
04-04-2025
- Automotive
- Yahoo
A Look Back at Electronic Components & Manufacturing Stocks' Q4 Earnings: TTM Technologies (NASDAQ:TTMI) Vs The Rest Of The Pack
As the Q4 earnings season wraps, let's dig into this quarter's best and worst performers in the electronic components & manufacturing industry, including TTM Technologies (NASDAQ:TTMI) and its peers. The sector could see higher demand as the prevalence of advanced electronics increases in industries such as automotive, healthcare, aerospace, and computing. The high-performance components and contract manufacturing expertise required for autonomous vehicles and cloud computing datacenters, for instance, will benefit companies in the space. However, headwinds include geopolitical risks, particularly U.S.-China trade tensions that could disrupt component sourcing and production as the Trump administration takes an increasingly antagonizing stance on foreign relations. Additionally, stringent environmental regulations on e-waste and emissions could force the industry to pivot in potentially costly ways. The 9 electronic components & manufacturing stocks we track reported a mixed Q4. As a group, revenues beat analysts' consensus estimates by 1.4% while next quarter's revenue guidance was 1.9% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 26.1% since the latest earnings results. As one of the world's largest printed circuit board manufacturers with facilities spanning North America and Asia, TTM Technologies (NASDAQ:TTMI) manufactures printed circuit boards (PCBs) and radio frequency (RF) components for aerospace, defense, automotive, and telecommunications industries. TTM Technologies reported revenues of $651 million, up 14.4% year on year. This print exceeded analysts' expectations by 2.9%. Overall, it was a very strong quarter for the company with a solid beat of analysts' EPS estimates and revenue guidance for next quarter meeting analysts' expectations. 'We delivered a solid quarter with revenues and non-GAAP EPS above the high end of the guided range. Revenues reflected the fourth consecutive quarter of year on year growth due to demand strength in our Aerospace and Defense, Data Center Computing and Networking end markets, the latter two being driven by generative AI,' said Tom Edman, CEO of TTM. The stock is down 26.4% since reporting and currently trades at $18.22. Is now the time to buy TTM Technologies? Access our full analysis of the earnings results here, it's free. Originally known as Flextronics until its 2016 rebranding, Flex (NASDAQ:FLEX) is a global manufacturing partner that designs, engineers, and builds products for companies across industries from medical devices to solar trackers. Flex reported revenues of $6.56 billion, up 2.1% year on year, outperforming analysts' expectations by 5.7%. The business had a very strong quarter with an impressive beat of analysts' EPS estimates and an impressive beat of analysts' full-year EPS guidance estimates. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 28.7% since reporting. It currently trades at $29. Is now the time to buy Flex? Access our full analysis of the earnings results here, it's free. With roots dating back to 1946 and a focus on components that must perform flawlessly in critical situations, Knowles (NYSE:KN) designs and manufactures specialized electronic components like high-performance capacitors, microphones, and speakers for medical technology, defense, and industrial applications. Knowles reported revenues of $142.5 million, down 33.8% year on year, falling short of analysts' expectations by 2.4%. It was a disappointing quarter as it posted revenue guidance for next quarter missing analysts' expectations. Knowles delivered the slowest revenue growth in the group. As expected, the stock is down 39.8% since the results and currently trades at $10.98. Read our full analysis of Knowles's results here. With over 20,000 team members across 26 global facilities, Plexus (NASDAQ:PLXS) designs, manufactures, and services complex electronic products for companies in aerospace/defense, healthcare, and industrial sectors. Plexus reported revenues of $976.1 million, flat year on year. This result was in line with analysts' expectations. Aside from that, it was a decent quarter as it also produced a solid beat of analysts' EPS estimates. The stock is down 33.4% since reporting and currently trades at $113.61. Read our full, actionable report on Plexus here, it's free. Operating as a critical behind-the-scenes partner for complex technology products since 1979, Benchmark Electronics (NYSE:BHE) provides advanced manufacturing, engineering, and technology solutions for original equipment manufacturers across aerospace, medical, industrial, and technology sectors. Benchmark reported revenues of $656.9 million, down 5% year on year. This print met analysts' expectations. It was a strong quarter as it also recorded an impressive beat of analysts' EPS estimates. The stock is down 22.9% since reporting and currently trades at $33.65. Read our full, actionable report on Benchmark here, it's free. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
