On May 2, circuit-board maker and Stock Advisor recommendation TTM Technologies (NASDAQ:TTMI) released first-quarter earnings for the period ended April 2.

  • The acquisition of Tyco's (NYSE:TYC) printed-circuit-board division helped power revenue growth of 143%.
  • Management estimates revenues in a range of $158 million to $167 million in the second quarter, with earnings of $0.13 to $0.19 per diluted share.
  • Foolish writer Anders Bylund thought well of the quarter. See "TTM Turns a Terrific Trick."
  • In Motley Fool CAPS, the stock carries a middling three-star rating out of a possible five.

(Figures in millions, except per-share data)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$176.9

$72.7

143.4%

Net Profit

$8.5

$8.8

(3.9%)

EPS

$0.20

$0.21

(4.8%)

Diluted Shares

42.4

42.0

1.0%

Get back to basics with a look at the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

19.6%

27.8%

(8.2)

Operating Margin

10.1%

17.8%

(7.8)

Net Margin

4.8%

12.1%

(7.3)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$45.4

$90.5

(49.8%)

Accounts Rec.

$119.8

$42.4

182.5%

Inventory

$66.8

$12.9

419.0%

Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$54.3

$12.6

331.9%

Learn the ways of the balance sheet.

Cash Flow Highlights

 2007

 2006

Change

Capital Expenditures

$3.6

$3.3

7.8%

Free cash flow is a Fool's best friend.

Related Foolishness

Tyco is a Motley Fool Inside Value selection.

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