Company: TTMI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024839
Chunk: 47

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1A
Chunk 47
---
Risk Factor Summary

The risk factors summarized below could materially harm our business, operating results and/or financial condition, impair our future prospects and/or cause the price of our common stock to decline. Listed below is a summary of the principal risks, which are discussed more fully immediately following this summary.

•Global economic and market uncertainty may adversely impact our business and operating results.

•Uncertainty, volatility, and adverse changes in the global economy and financial markets could have an adverse impact on our business and operating results.

•We are subject to the risks characteristic of international operations, including tariffs.

•We are subject to risks of currency fluctuations.

•If our goodwill or other intangible assets become impaired in the future, we would be required to record a non-cash charge to earnings.

•We may not fully realize the anticipated positive impacts to future financial results from our restructuring efforts.

•We depend on the U.S. federal government for a significant portion of our business.

•Our raw material suppliers or equipment manufacturers may experience disruptions to their supply chain or operations, or otherwise fail to satisfy our product quality standards, or the prices or availability of raw materials may change.

•We may be unable to maintain satisfactory capacity utilization rates.

•Our results of operations are often subject to demand fluctuations and seasonality. With a high level of fixed operating costs, even small revenue shortfalls would decrease our gross margins.

•We may fail to meet the strict quality control standards of the industries in which we participate.

•A decline in sales to the relatively small number of OEM customers on whom we depend for a large portion of our sales would materially adversely affect our business.

•Competition in the printed circuit boards (PCB) market is intense, and we could lose market share, or our profit margins may decrease, if we are unable to maintain our current competitive position in end markets.

•We may not be able to compete effectively if we are unable to adapt our design and production processes when needed.

•Products we manufacture may contain design or manufacturing defects.

•Damage to any of our manufacturing facilities could materially adversely affect our business.

•The prominence of electronic manufacturing services (EMS) companies as our customers could reduce our gross margins, potential sales, and customers.

•The worldwide electronics industry is intensely competitive and volatile.

•We serve customers and have manufacturing facilities throughout the world and are subject to risks caused by local and global pandemics and other similar risks.

•We may encounter risks associated with potential divestitures of assets and acquisitions of other businesses.

•We are exposed to the credit