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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) announced the approval of a new share repurchase program, allowing for the buyback of up to $50 million of its common stock, replacing the previous program from February 2019. Additionally, the Board of Directors declared a cash dividend of $0.04 per share, with a payment date set for July 23, 2021, for shareholders on record by June 18, 2021. These moves aim to enhance shareholder value while reflecting the company's ongoing commitment to returning capital to its investors.
CTS Corporation (NYSE: CTS) reported first quarter 2021 results showcasing strong financial performance with sales of $128.4 million, a 25% increase year-over-year. Notably, sales to transportation customers rose 23%, bolstered by the Sensor Scientific acquisition, contributing $1.8 million. Net earnings reached $12.0 million or $0.37 per diluted share, up significantly from $3.8 million or $0.12 last year. Free cash flow improved to $18.5 million from $7.4 million. The company adjusted its 2021 guidance for sales to $445 – $500 million and for adjusted earnings to $1.35 – $1.70.
CTS Corporation (NYSE: CTS) is set to release its first quarter 2021 earnings on April 29, 2021, at 8:00 a.m. ET. A conference call will follow at 10:00 a.m. ET to discuss the results. Participants can dial in using U.S. numbers or join via a live audio webcast on the company’s website. The call will also be available for replay starting at 1:00 p.m. ET on the same day through May 13, 2021. CTS specializes in designing and manufacturing products for various industries, including aerospace, industrial, and medical sectors.
CTS Corporation (NYSE: CTS) will present at the Sidoti Virtual Investor Conference on March 24, 2021, at 3:15 p.m. (EDT). A live webcast of the event can be accessed via the event link or through the company's website at www.ctscorp.com. The webcast will also be available for replay for 30 days.
CTS is a leading designer and manufacturer of products that Sense, Connect, and Move, serving various markets including aerospace, industrial, and telecommunications.
CTS Corporation (NYSE: CTS) has appointed Donna M. Costello to its board of directors as of February 11, 2021. Costello, the former CFO of C&D Technologies, brings over 25 years of financial experience in the tech industry, focusing on executive leadership and M&A. CTS Chairman and CEO, Kieran O'Sullivan, expressed confidence that her experience will bolster CTS's growth and market diversification strategies. CTS designs and manufactures products for various sectors, including aerospace, medical, and telecommunications.
CTS Corporation's Board of Directors has declared a cash dividend of $0.04 per share, scheduled for payment on April 23, 2021. Shareholders of record as of March 19, 2021 will be eligible for this dividend.
CTS operates in various markets, providing sensors, actuators, and electronic components across North America, Europe, and Asia, focusing on sectors like aerospace, industrial, medical, telecommunications, and transportation.
CTS Corporation reported its fourth quarter and full year 2020 financial results, showcasing a 7% year-over-year increase in sales to $123 million in Q4. This growth was driven by a 12% rise in transportation sector sales. Net earnings for Q4 were $14.9 million, translating to $0.46 per diluted share, up from $10.1 million or $0.31 last year. However, full year sales decreased by 10% to $424 million, with a 19% drop in transportation sales. Looking forward, the company expects 2021 sales between $430 million and $490 million, with adjusted EPS guidance of $1.20 to $1.60.
CTS Corporation (NYSE: CTS) is set to release its earnings for the fourth quarter and FY2020 on February 9, 2021, at 8:00 a.m. (EST). Following this, a conference call with management will occur at 10:00 a.m. (EST) the same day, allowing stakeholders to discuss the results. The call can be accessed via U.S. dial-in or through a live audio webcast on the company's website. CTS specializes in designing and manufacturing products that sense, connect, and move, serving various sectors including aerospace, medical, and telecommunications.
CTS Corporation (NYSE: CTS) will present virtually at the 23rd Annual Needham Growth Conference on January 11, 2021, at 3:30 p.m. (EST). Interested parties can access the live webcast through the provided link or via the Investors section on the company’s website. A replay will also be available on the site. CTS specializes in designing and manufacturing sensors, actuators, and electronic components across various industries.
CTS Corporation has acquired Sensor Scientific, Inc. (SSI), a temperature sensing company based in New Jersey. Founded in 1983, SSI specializes in manufacturing thermistors and temperature sensor assemblies for OEMs in medical, industrial, and defense markets. This acquisition enhances CTS's temperature sensing product portfolio and strengthens its presence in the medical sector. CEO Kieran O’Sullivan emphasized that SSI’s capabilities align with CTS's strategy of innovative product development, although the financial terms of the deal remain undisclosed.
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