SANTA ANA, Calif., May 8, 2025 — TTM Technologies, Inc. (NASDAQ: TTMI), a global leader in advanced printed circuit boards (PCBs) and technology solutions, announced the retirement of its founder and former CEO, Kent Alder, from the company's board of directors. Alder's departure marks the end of a pivotal chapter in TTM's history, closing a tenure that began with the company's founding in 1998. He served as CEO until 2014 and remained an active member of the board until stepping down on May 8.

Under Alder's leadership, TTM grew from a small startup into a $2.52 billion global electronics manufacturer, specializing in mission systems, radio frequency components, and advanced PCBs. He is credited with establishing the company's core values—integrity, honesty, clear communication, and performance excellence—which continue to shape its corporate culture. His emphasis on operational excellence and ethical leadership helped lay a strong foundation for sustainable growth.

“The journey from where Kent started TTM to where we are today has been nothing short of remarkable,” said Rex Geveden, Chairman of the Board of Directors. “On behalf of the entire TTM family, I want to thank Kent for his incredible vision, dedication, and leadership. His legacy is firmly embedded in the foundation of our company, and we will continue to uphold the values he instilled in the company as we move forward.”

To honor Alder's lasting contributions, TTM established the annual Alder Award, which recognizes internal teams that demonstrate outstanding performance. The award remains a symbol of the principles Alder championed and serves to reinforce the company's commitment to excellence.

TTM continues to focus on delivering time-to-market technology solutions that accelerate product development and enhance competitiveness for its global customers. The company maintains a strong financial position, with a current ratio of 2.07 and a 46.75% stock return over the past year—highlighting its operational resilience and investor confidence.

In its latest financial report, TTM exceeded expectations for the first quarter of 2025 with revenue of $648.7 million, outperforming the forecasted $621.94 million. Earnings per share reached $0.50, above the projected $0.39, representing a 14% year-over-year revenue increase driven by growth in aerospace, defense, and data center computing segments. Following the strong results, Needham raised its price target on TTM to $35 while maintaining a “Buy” rating.

Looking ahead, the company forecasts 11% year-over-year revenue growth at the midpoint for Q2 2025, surpassing the consensus estimate of 6%. TTM expects continued momentum across four of its five core verticals and is advancing new facility projects in Malaysia and New York to expand its capabilities. Despite recent tariff headwinds, the company reports minimal impact, citing its diversified manufacturing footprint and strategic investments.

Kent Alder's retirement signifies the close of an era but leaves behind a legacy that will continue to shape TTM Technologies' direction for years to come.