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CTS Corporation - CTS STOCK NEWS

Welcome to our dedicated page for CTS Corporation news (Ticker: CTS), a resource for investors and traders seeking the latest updates and insights on CTS Corporation stock.

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.

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CTS (NYSE: CTS) has announced the release date for its second quarter 2024 earnings report. The company will disclose its financial results on Tuesday, July 30, 2024, at approximately 8:00 a.m. ET. Following the release, CTS will host a conference call at 10:00 a.m. ET on the same day to discuss the Q2 2024 results with management.

Investors and analysts can access the call using the following dial-in numbers: +1-833-470-1428 (Toll-Free) or +1-404-975-4839 (Local) for U.S. participants. International callers should refer to the Global Dial In Numbers for their local access number. The passcode for the call is 325452. Additionally, a live audio webcast of the conference call will be available on the CTS website's Investors section, where it will be archived for one year.

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CTS , a company listed on the NYSE, has announced a cash dividend of $0.04 per share on common stock, to be paid on July 26, 2024, to shareholders of record as of June 28, 2024.

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CTS announced their first quarter 2024 results, highlighting operational performance, profitability, and a focus on diversification. Sales were $125.7 million, down 14% year-over-year, with net income at $11 million. The company is committed to future growth through diversifying customer base and maintaining a disciplined capital structure. They maintain guidance of sales between $530 - $570 million and adjusted EPS between $2.10 - $2.35.

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CTS sets the date for the first quarter 2024 earnings release and conference call. The earnings will be released on May 1, 2024, with a conference call scheduled for the same day to discuss the results.
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CTS Corporation's President and CEO, Kieran O’Sullivan, to participate in the Baird Conference on Vehicle Technology & Mobility on February 29, 2024, at 11:20 a.m. (EST). The virtual conference aims to showcase the company's insights and advancements in the automotive industry.
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CTS Corporation appoints Amy M. Dodrill to its board of directors, effective February 8, 2024. Ms. Dodrill brings over 25 years of experience in medical and technology companies, with a proven track record of leading and growing global businesses. She most recently served as President of Baxter’s Global Surgical Solutions and Patient Support Systems segment. CTS looks forward to leveraging her expertise to drive growth, end-market diversification, and innovative product development.
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CTS Corporation (NYSE: CTS) has announced a cash dividend of $0.04 per share on outstanding shares of common stock, to be paid on April 26, 2024, to shareholders of record at the close of business on March 28, 2024.
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CTS Corporation announces fourth quarter and full-year 2023 results, including a $100 million share repurchase program. The company reported a 12% decrease in sales for the fourth quarter, driven by softness in the industrial and distribution end-market. The non-transportation end markets saw a 22% decrease in sales, while the transportation end-market decreased by 3%. The net income was $15 million, compared to $15 million in the fourth quarter of 2022. The full-year 2023 results included a 6% decrease in sales, with net income at $61 million. CTS expects full-year 2024 sales to be in the range of $530 - $570 million and adjusted diluted EPS to be in the range of $2.10 - $2.35.
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CTS Corporation (NYSE: CTS) is set to release its earnings for the fourth quarter and full-year 2023 on February 6, 2024. A conference call to discuss the results with management is scheduled for the same day. The company will provide a live audio webcast of the call, accessible from the Investors section of its website.
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CTS Corporation (NYSE: CTS) President and CEO, Kieran O’Sullivan, to participate in the 26th Annual Needham Growth Conference on January 17, 2024, at 3:45 PM (EDT). The event will be live webcasted and available for replay on the company's website for 90 days.
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FAQ

What does CTS Corporation do?

CTS Corporation designs, manufactures, and sells sensors, actuators, and electronic components for various markets including aerospace, defense, industrial, IT, medical, and transportation.

Where is CTS Corporation headquartered?

CTS Corporation is headquartered in Lisle, Illinois, USA.

Which markets does CTS serve?

CTS serves markets such as aerospace, communications, defense, industrial, information technology, medical, and transportation.

What are the core principles of CTS?

CTS focuses on three core principles: Sense, Connect, and Move.

In which regions does CTS have manufacturing facilities?

CTS has manufacturing facilities in North America, Europe, and Asia.

How does CTS communicate with its stakeholders?

CTS holds regular conference calls to discuss quarterly results and future guidance, supplemented by slide presentations and live webcasts available on their investor relations website.

What is the focus of CTS's product portfolio?

CTS's product portfolio focuses on advanced sensing and motion devices as well as connectivity components.

How did CTS perform in recent quarters?

CTS has recently demonstrated resilience and operational excellence, with strong performance in the second, third, and fourth quarters of 2023 and positive guidance for 2024.

What is the strategic goal of CTS?

CTS aims to be a leading provider of sensing and motion devices as well as connectivity components, enabling an intelligent and seamless world.

Who can I contact for more information about CTS?

You can contact Ashish Agrawal, Vice President and Chief Financial Officer of CTS Corporation, at +1 (630) 577-8800 or ashish.agrawal@ctscorp.com.

CTS Corporation

NYSE:CTS

CTS Rankings

CTS Stock Data

1.53B
30.57M
2.08%
99.65%
3.28%
Bare Printed Circuit Board Manufacturing
Manufacturing
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United States of America
LISLE