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TTM Announces Retirement of Board Member, Appointment of New Chairman
TTM Technologies, Inc., a leading global printed circuit board (PCB) and radio frequency (RF) components and assemblies manufacturer, announced today that Robert E. Klatell has retired from his position as Chairman of the Board and Board member of TTM in accordance with TTM’s Corporate Governance Policy that proscribes a mandatory retirement for Directors at the age of 75. Klatell has served as a Director of our Company since September 2004 and our Chairman of the Board since May 2005.
TTM also announced that effective May 12, 2021, Rex D. Geveden has been appointed by the unanimous vote of the remaining Directors to serve as Chairman on the Company’s Board of Directors. Geveden has served as a Director on TTM’s board since 2018 and currently is the president and chief executive officer of BWX Technologies, Inc., a $2.1 billion nuclear in
Reports robust backlog of nearly $5.2 billion driven by Naval Reactors bookings and other wins
Reiterates 2021 guidance: non-GAAP earnings range of $3.05 to $3.20 per share
Initiates new $500 million share repurchase authorization
Commences new multi-year guidance framework for growth, free cash flow and capital allocation
BWX Technologies, Inc. (NYSE: BWXT) ( BWXT , we , us or the Company ) reported first quarter 2021 revenue of $528 million, a 2.6% decrease compared with $542 million in the first quarter 2020. Net income for the first quarter 2021 was $69.7 million, or $0.73 per diluted share, compared with GAAP net income of $75.5 million, or $0.79 per diluted share and non-GAAP net income of $75.6 million, or $0.79 per diluted share, in the prior-year period. A reconciliation of non-GAAP results is detailed in Exhibit 1.
BWX Technologies : Reports Solid Fourth Quarter 2020 Results, Marking New Annual Records for Revenue and Earnings and Achieves Long-Term Guidance marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.