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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.
The Board of Directors of CTS declared a cash dividend of $0.04 per share, to be paid on April 28, 2023, for shareholders recorded by the close of business on March 31, 2023. This dividend highlights the company's commitment to returning value to its shareholders. CTS operates as a leading manufacturer of sensing, connecting, and moving products, serving markets including aerospace, industrial, medical, and transportation worldwide. With operations across North America, Europe, and Asia, the company continues to strengthen its position in key sectors.
CTS Corporation announced its fourth quarter and full-year 2022 results, highlighting a 7% increase in Q4 sales at $142.3 million, with net income rising to $14.9 million. The full-year sales reached $586.9 million, a 14% year-over-year increase, driven by a 24% growth in non-transportation end markets. Despite a strong performance, CTS anticipates a softer first quarter for 2023 but expects an improving trend for the rest of the year. The guidance for 2023 sales is projected between $580 - $640 million, with adjusted EPS between $2.40 - $2.70.
CTS Corporation (NYSE: CTS) is set to announce its fourth quarter and full-year 2022 earnings on February 7, 2023, at 8:00 a.m. (EDT). A conference call will follow at 10:00 a.m. (EDT) with management to discuss the results. Investors can join the call by dialing 844-200-6205 in the U.S. or +1 929-526-1599 from abroad, using the passcode 889906. A live audio webcast is also available on the company's website and will be archived for one year. CTS specializes in manufacturing sensors and electronic components for various markets including aerospace and medical.
CTS Corporation (NYSE: CTS) announced that its CEO, Kieran O’Sullivan, will attend the 25th Annual Needham Growth Conference on January 10, 2023, at 3:45 p.m. (EDT) in New York City. The event can be accessed via a live webcast through a provided link or on the company's website, where it will be available for replay for 90 days. CTS is a leading manufacturer of sensors, electronic components, and actuators for markets such as aerospace, industrial, medical, and transportation.
The Board of Directors of CTS has declared a cash dividend of $0.04 per share, payable on January 13, 2023, to shareholders on record as of December 9, 2022. This decision reflects the company's commitment to returning value to its shareholders. CTS operates in the aerospace, industrial, medical, and transportation sectors, manufacturing sensors and electronic components across North America, Europe, and Asia. Further details can be found at www.ctscorp.com.
CTS Corporation (NYSE: CTS) will participate in a fireside chat at the Stephens 24th Annual Investment Conference on November 15, 2022, at 4:00 p.m. CST in Nashville, TN. CEO Kieran O’Sullivan will discuss the company's strategic direction and recent developments. Investors can access a live webcast via the provided link or through the Investors section of the CTS website. The recording will be available for 90 days post-event. CTS designs and manufactures products across various sectors, including aerospace, industrial, medical, and transportation.
CTS Corporation reported strong third-quarter 2022 results, with sales reaching $151.9 million, a 24% increase year-over-year. The net income improved to $11.8 million or $0.37 per diluted share, contrasting with a loss of $63.9 million in Q3 2021. Adjusted diluted EPS rose to $0.62, and adjusted EBITDA margin stood at 22.3%, up from 21.7% a year prior. The company expects full-year 2022 sales between $585 million and $595 million, maintaining previous EPS guidance of $2.40 to $2.55.
CTS Corporation (NYSE: CTS) will announce its third quarter 2022 earnings on October 26, 2022, at 8:00 a.m. EDT. A conference call with management is set for the same day at 10:00 a.m. EDT, accessible via the U.S. dial-in number 844-200-6205 or internationally at +1 929-526-1599, with passcode 336733.
A live audio webcast of the call will be available on the company’s investor website and archived for one year. CTS designs and manufactures products that Sense, Connect, and Move across various markets including aerospace, industrial, medical, and transportation.
The Board of Directors of CTS has declared a cash dividend of $0.04 per share, scheduled for payment on November 4, 2022. Shareholders must be on record by the close of business on September 30, 2022 to receive this dividend. CTS is a leader in the design and manufacturing of sensors, actuators, and electronic components, serving markets such as aerospace, defense, industrial, medical, and transportation.
CTS Corporation (NYSE: CTS) announced that Ashish Agrawal, Vice President and CFO, will participate in the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 10, 2022, at 9:55 a.m. EDT. The event will be held virtually and accessible via a live webcast.
For those who cannot attend, a replay will be available for 90 days post-event on the CTS Corporation website. CTS specializes in designing and manufacturing sensors, actuators, and electronic components, serving multiple markets including aerospace, industrial, medical, and transportation.
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