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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.
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.
CTS Corporation (NYSE: CTS) will have its CEO, Kieran O’Sullivan, attend the Jefferies Industrial Conference on August 9, 2022, at 8:00 a.m. EDT. The event will be virtual, and a live webcast can be accessed through a provided link.
The webcast will also be available for replay on the CTS Corporation website for 90 days post-event.
CTS Corporation (NYSE: CTS) reported strong Q2 2022 results with a 12% revenue increase year-over-year, totaling $145 million. Non-transportation sales surged by 21%, while transportation sales grew by 4%. Net income rose to $12.6 million ($0.39 per diluted share), compared to $0.9 million ($0.03 per diluted share) a year earlier. The company’s adjusted EBITDA margin improved to 22.4%. Full-year 2022 guidance is raised to $570-$600 million in sales and adjusted EPS of $2.40-$2.55, reflecting confidence despite macroeconomic challenges.
CTS Corporation (NYSE: CTS) will announce its second quarter 2022 earnings on July 26, 2022, at 8:00 a.m. EDT. A conference call to discuss the results is scheduled for the same day at 10:00 a.m. EDT. Participants can dial in at 844-200-6205 (or +1 929-526-1599 for international calls) using passcode 990568. The call will be accessible via a live audio webcast on the CTS Investors website, with an archived version available for one year. CTS specializes in designing and manufacturing sensors and electronic components for various markets including aerospace, industrial, medical, and transportation.
CTS Corporation (NYSE: CTS) has successfully completed its acquisition of Ferroperm Piezoceramics from Meggitt PLC for 525 million Danish Krone. This strategic move enhances CTS's portfolio in high-performance piezoceramic components, catering to demanding medical, industrial, and aerospace applications. Ferroperm's established presence in Europe and customer base aligns well with CTS's diversification strategy. With this acquisition, CTS anticipates growth acceleration and expects the deal to be accretive in 2023.
On May 18, 2022, CTS Corporation (NYSE: CTS) announced that Ashish Agrawal, its Vice President and Chief Financial Officer, will participate in a fireside chat at the Cowen 50th Annual Technology, Media & Telecom Conference on June 1, 2022, at 4:30 p.m. (EDT) in New York, NY. Interested parties can access a live webcast of the event through a provided link or the Investors section of the CTS website. The webcast will also be available for replay for 90 days after the presentation.
CTS Corporation (NYSE: CTS) has declared a cash dividend of $0.04 per share, set to be paid on July 22, 2022, to shareholders on record as of June 17, 2022. The company specializes in designing and manufacturing sensors, actuators, and electronic components for diverse markets like aerospace, industrial, medical, and transportation. CTS operates globally with facilities in North America, Europe, and Asia.
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