Welcome to our dedicated page for CTS news (Ticker: CTS), a resource for investors and traders seeking the latest updates and insights on CTS stock.
CTS Corporation (NYSE: CTS) is a global leader in the design and manufacture of sensors, actuators, and electronic components for a diverse array of markets. Headquartered in Lisle, Illinois, CTS serves original equipment manufacturers (OEMs) in sectors including aerospace, communications, defense, industrial, information technology, medical, and transportation. The company operates manufacturing facilities across North America, Europe, and Asia, enabling a robust and flexible supply chain.
CTS aims to create an intelligent and seamless world by focusing on three core principles: Sense, Connect, and Move. This is achieved through continuous investment in innovative product development that meets the evolving needs of its customers. The company's product portfolio includes advanced sensing and motion devices as well as connectivity components, which play crucial roles in enabling smart technologies across various industries.
Recent Achievements:
- Advancement of strategic priorities while effectively navigating macroeconomic conditions.
- Successful financial performance in the second quarter of 2023, demonstrating resilience and operational excellence.
- Consistent focus on long-term strategies despite near-term challenges, as evidenced by the third quarter of 2023 results.
- Strong performance in the fourth quarter of 2023, with positive guidance for 2024.
- Continued drive for operational performance and diversification in the first quarter of 2024.
CTS is also known for its transparent communication with stakeholders, frequently holding conference calls to discuss quarterly results and future guidance. These calls are supplemented by slide presentations and live webcasts, which are accessible via the company's investor relations website.
In summary, CTS Corporation stands out as an indispensable player in the electronics industry, consistently delivering high-quality products and solutions that empower its clients to innovate and excel. With a strong geographical presence and a commitment to cutting-edge technology, CTS continues to shape the future of sensing, motion, and connectivity.
CTS (NYSE: CTS) has announced a quarterly dividend distribution. The company's Board of Directors has declared a cash dividend of $0.04 per share on outstanding shares of common stock. The dividend will be paid on April 25, 2025, to shareholders who are recorded as holders of CTS stock at the close of business on March 28, 2025.
CTS reported Q4 2024 results with sales of $127 million, up 2% year-over-year, driven by a 28% increase in diversified end-markets sales, while transportation end-market sales declined 18%. The SyQwest acquisition contributed $11 million in Q4 revenue.
For full-year 2024, sales decreased 6% to $516 million, with diversified end-markets growing 7% while transportation declined 17%. Net income was $58 million (11% of sales), with earnings per diluted share at $1.89. The company achieved an improved adjusted EBITDA margin of 23% and operating cash flow of $99 million.
Looking ahead, CTS provided 2025 guidance with expected sales of $520-$550 million and adjusted diluted EPS of $2.20-$2.35.
CTS (NYSE: CTS) has announced its schedule for releasing fourth quarter and full-year 2024 financial results. The earnings release is set for Tuesday, February 4, 2025, at approximately 8:00 a.m. ET. Following the release, the company will host a conference call at 10:00 a.m. ET to discuss the results with management.
Participants can join the call using the following dial-in numbers: +1-833-470-1428 (U.S. Toll-Free) and +1-404-975-4839 (U.S. Local). International callers should refer to Global Dial In Numbers for their local access. The passcode for the call is 389682. A live audio webcast will be available on the company's investor relations website and archived for one year.
CTS (NYSE: CTS) has announced its participation in the upcoming 27th Annual Needham Growth Conference. The company's President and CEO, Kieran O'Sullivan, will be presenting on January 14, 2025, at 8:00 AM (EST). Investors and interested parties can access a live webcast of the presentation through a provided link or via the Investors section of the CTS website. The presentation will remain available for replay on the conference website for 90 days following the event.
CTS (NYSE: CTS) announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share on outstanding shares of common stock. The dividend will be paid on January 31, 2025, to shareholders of record at the close of business on December 27, 2024.
CTS (NYSE: CTS) has announced its participation in the upcoming Baird 2024 Global Industrial Conference. The company's President and CEO, Kieran O'Sullivan, will be presenting at the conference on November 12, 2024, at 8:20 a.m. (EST). The event will take place at The Ritz-Carlton Chicago. Interested parties can find additional information about the conference on the Baird Conferences website.
CTS reported Q3 2024 results with sales of $132 million, down 2% year-over-year but up 2% sequentially. Net income reached $19 million (14% of sales), improving from $14 million in Q3 2023. Sales to diversified markets grew 18% year-over-year, while transportation end market sales declined 17%. Earnings per diluted share increased to $0.61 from $0.44 year-over-year. Operating cash flow strengthened to $35 million from $22 million in Q3 2023. The company updated its 2024 sales guidance to $515-525 million, down from previous $525-540 million range, while maintaining adjusted EPS guidance of $2.05-2.25.
CTS (NYSE: CTS) has announced the release date for its third quarter 2024 earnings report. The company will disclose its financial results on Tuesday, October 29, 2024, at approximately 8:00 a.m. ET. Following the release, CTS will host a conference call at 10:00 a.m. ET on the same day to discuss the results with management.
Interested parties can access the call using the following dial-in numbers:
- U.S. Toll-Free: +1-833-470-1428
- U.S. Local: +1-404-975-4839
- International: Refer to Global Dial In Numbers for specific locations
The passcode for the call is 230766. Additionally, a live audio webcast will be available on the CTS website's Investors section, where it will be archived for one year.
CTS (NYSE: CTS) has announced its participation in the upcoming Sidoti Small Cap Conference on September 18, 2024. The event will be held virtually, with CTS President and CEO Kieran O'Sullivan scheduled to speak at 4 p.m. EDT.
Investors and interested parties can access a live webcast of the presentation through a provided link. Additional information about the conference, including registration details, can be found on the Sidoti Conference website. This virtual event offers an opportunity for CTS to showcase its business to potential investors and industry analysts.
CTS (NYSE: CTS) has announced a cash dividend of $0.04 per share on its outstanding common stock. The dividend will be paid on October 25, 2024, to shareholders of record as of the close of business on September 27, 2024. This declaration by the Board of Directors demonstrates CTS's commitment to returning value to its shareholders. The dividend payment reflects the company's financial stability and confidence in its future prospects. Investors should note that this regular dividend distribution is part of CTS's ongoing shareholder reward strategy.
FAQ
What is the current stock price of CTS (CTS)?
What is the market cap of CTS (CTS)?
What does CTS Corporation do?
Where is CTS Corporation headquartered?
Which markets does CTS serve?
What are the core principles of CTS?
In which regions does CTS have manufacturing facilities?
How does CTS communicate with its stakeholders?
What is the focus of CTS's product portfolio?
How did CTS perform in recent quarters?
What is the strategic goal of CTS?
Who can I contact for more information about CTS?
