CTS Corporation designs and manufactures products that Sense, Connect and Move, including sensors, actuators and electronic components. The company supplies engineered products from operations in North America, Europe and Asia to aerospace & defense, industrial, medical and transportation customers.
Recurring CTS news centers on quarterly and annual results, demand across diversified end markets and transportation, margin and cash-flow commentary, guidance, dividends, share repurchase authorizations, investor presentations and management or board updates.
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.
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.