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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 (NYSE: CTS) has declared a cash dividend of $0.04 per share, set for payment on April 22, 2022. Shareholders on record by the close of business on March 18, 2022 will receive this dividend. As a leading manufacturer, CTS specializes in sensors, actuators, and electronic components, serving markets such as aerospace, industrial, medical, and transportation across North America, Europe, and Asia.
CTS Corporation (NYSE: CTS) reported Q4 2021 sales of $132.5 million, an 8% increase year-over-year, driven by a 25% growth in non-transportation revenues. However, net income fell to $9.2 million from $14.9 million due to higher foreign exchange costs and taxes. For the full year, sales rose 21% to $512.9 million, but a net loss of $41.9 million was reported, mainly due to a $96.6 million pension plan termination charge. CTS anticipates 2022 sales between $525 and $550 million and adjusted EPS of $2.00 to $2.25.
CTS Corporation (NYSE: CTS) will announce its earnings for Q4 and full-year 2021 at 8:00 a.m. (EDT) on February 8, 2022. A subsequent conference call with management is scheduled for the same day at 10:00 a.m. (EDT), accessible via dial-in or live audio webcast. CTS is a key player in designing and manufacturing sensors, actuators, and electronic components across various markets including aerospace, industrial, medical, telecommunications, and transportation.
CTS Corporation (NYSE: CTS) announced that Kieran O’Sullivan, President and CEO, will participate in a fireside chat at the Stephens 23rd Annual Investment Conference on December 2, 2021, at 3:00 p.m. (CST) in Nashville, TN. Interested parties can access a live webcast of the event via the CTS website. The presentation will also be available for replay for 90 days.
CTS specializes in sensors, actuators, and electronic components, serving various markets including aerospace, industrial, and transportation.
The Board of Directors of CTS has declared a cash dividend of $0.04 per share, set for payment on January 14, 2022. Shareholders of record will be those on record as of the close of business on December 10, 2021. CTS is a prominent designer and manufacturer of devices that Sense, Connect, and Move, offering products in various sectors, including aerospace, industrial, medical, telecommunications, and transportation.
CTS Corporation reported third quarter 2021 sales of $122.4 million, an 8% increase year-over-year. Notably, sales to non-transportation markets surged 24%, while transportation sales fell 5%. The recent acquisition of Sensor Scientific contributed $1.8 million in revenue. However, the company faced a net loss of $63.9 million, or $(1.97) per diluted share, primarily due to a $76 million non-cash charge linked to pension plan termination. Management raised its sales guidance for 2021 to $495 – $505 million, reflecting optimism despite supply chain concerns.
CTS Corporation (NYSE: CTS) is set to release its third quarter earnings on October 27, 2021, at 8:00 a.m. (EDT).
A conference call to discuss the results will follow at 10:00 a.m. (EDT), with a U.S. dial-in number at 800-309-1256. The replay of the conference call will be available from 1:00 p.m. (EDT) on the same day until November 10, 2021. The live audio webcast can be accessed via the Investors section of the CTS website.
CTS Corporation has declared a cash dividend of $0.04 per share, which is payable on November 5, 2021. Shareholders must be on record by the close of business on October 1, 2021. This decision reflects the company's ongoing commitment to returning value to shareholders. CTS operates in various sectors, including aerospace, defense, and telecommunications, designing and manufacturing products that Sense, Connect, and Move.
CTS Corporation reported strong second-quarter 2021 results with sales of $129.6 million, a 54% increase year-over-year. Sales to transportation customers rose 88% while other markets grew 26%. However, net earnings decreased to $0.9 million or $0.03 per diluted share, significantly impacted by a non-cash pension charge of $20.1 million. Adjusted diluted EPS improved to $0.52, and free cash flow reached $16.3 million. The company raised its full-year sales guidance to $480 – $500 million and adjusted EPS guidance to $1.70 – $1.90.
CTS Corporation (NYSE: CTS) is set to release its second quarter 2021 earnings on July 27, 2021, at 8:00 a.m. (EDT). A management conference call will follow at 10:00 a.m. (EDT) to discuss the results. Interested parties can join via a U.S. dial-in number or listen to a live audio webcast on the CTS website. The call will be replayed from 1:00 p.m. (EDT) on the same day until August 10, 2021. CTS is a premier provider of sensors, actuators, and electronic components across various markets, including aerospace, industrial, and medical sectors.
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