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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, payable on January 15, 2021, to shareholders of record by December 11, 2020. The company, known for designing and manufacturing products that Sense, Connect, and Move, operates in various sectors including aerospace, medical, and telecommunications. Headquartered in Lisle, Illinois, CTS serves clients globally, manufacturing critical electronic components and sensors.
CTS Corporation (NYSE: CTS) will present virtually at Baird’s Global Industrial Conference on November 10, 2020, at 3:45 p.m. (EST). The presentation will cover the company’s innovative products that are designed to Sense, Connect, and Move, serving markets including aerospace, industrial, medical, telecommunications, and transportation. Investors can access the presentation on the CTS Investors page for more information if they cannot attend the live event. For additional details about the conference, visit Baird Conferences.
CTS Corporation (NYSE: CTS) reported third quarter 2020 results with sales of $113.8 million, down 2% year-over-year but up 35% from Q2 2020. Sales to transportation customers fell 9%, while sales to other markets increased 10%, or 4% excluding the QTI acquisition. Net earnings reached $11.1 million or $0.34 per diluted share, compared to $2.7 million or $0.08 last year. Free cash flow was $22.4 million. New business wins totaled $127 million. Management expressed cautious optimism despite ongoing market uncertainties.
CTS Corporation (NYSE: CTS) will announce its third-quarter earnings on October 29, 2020, at 8:00 a.m. EDT. Following the release, management will host a conference call at 10:00 a.m. EDT to discuss the results. Interested parties can access the call by dialing 800-309-1256 (or 720-543-0314 internationally) with passcode 544640. The call will be available for replay from 1:00 p.m. EDT on the same day until November 12, 2020. A live audio webcast will also be accessible via the CTS website.
CTS Corporation (NYSE: CTS) is set to present at the Sidoti Virtual Investor Conference on September 23, 2020, at 3:15 p.m. EDT. Investors can access a live webcast via the provided link or through the Investors section of the CTS website. The presentation will remain available for replay for 30 days. CTS specializes in manufacturing products that sense, connect, and move across various markets including aerospace, medical, and telecommunications.
The Board of Directors of CTS Corporation (NYSE: CTS) has declared a cash dividend of $0.04 per share, scheduled for payment on October 30, 2020. Shareholders must be on record by the close of business on September 25, 2020. CTS specializes in designing and manufacturing sensors, actuators, and electronic components for various markets, including aerospace, industrial, medical, and telecommunications. The company operates in North America, Europe, and Asia.
CTS Corporation reported second quarter 2020 sales of $84.2 million, a 30% decline year-over-year, primarily driven by a 53% drop in sales to transportation customers. However, sales to other markets grew by 14%. Net earnings were $4.9 million or $0.15 per diluted share, down from $11.9 million or $0.36 last year. Free cash flow reached $9.1 million, and the company is net cash positive. New business wins totalled $105 million. Due to ongoing uncertainties, no revenue or earnings guidance was provided for 2020.
CTS Corporation (NYSE: CTS) is set to release its second quarter 2020 earnings on July 31, 2020, at 8:00 a.m. EDT. A conference call will follow the earnings report at 11:00 a.m. EDT the same day, with a U.S. dial-in number of 800-309-1256. A replay of the call will be available from 2:00 p.m. EDT on July 31 until August 14, 2020. CTS is a leading manufacturer of sensors, actuators, and electronic components across various markets including aerospace, medical, and telecommunications.
CTS Corporation (NYSE: CTS) will present at the Cowen 2020 Virtual Technology, Media & Telecom Conference on May 27, 2020, at 12:45 p.m. EDT. Investors can access the live webcast via a provided link or through the company’s website. The session will be available for replay for 30 days post-presentation. CTS is recognized for designing and manufacturing sensors, actuators, and electronic components across various markets.
CTS Corporation (NYSE: CTS) declared a cash dividend of $0.04 per share, set to be paid on July 24, 2020. Shareholders must be on record by June 19, 2020.
CTS is a key player in designing and manufacturing products that Sense, Connect, and Move. Their offerings include sensors, actuators, and electronic components catered to various sectors such as aerospace, industrial, medical, telecommunications, and transportation. For more details, visit www.ctscorp.com.
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