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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 (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.