There are several ways a business can improve itself. Some of these include cutting costs, making operations more efficient, and expanding into new but adjacent markets. Another way is to focus on moving up the value chain…selling higher priced goods, which normally come with higher margins, to new or existing customers. And, simultaneously, divesting, or letting go of low margin operations.
That is exactly what TTM Technologies (TTMI) has been doing over the past year, and the strategy should start paying dividends in 2024. TTM is a manufacturer of RF components and RF microwave and microelectronic assemblies, and PCBs, or Printed Circuit Boards.
