Welcome to our dedicated page for CTS news (Ticker: CTS), a resource for investors and traders seeking the latest updates and insights on CTS stock.
CTS Corporation (NYSE: CTS) uses its news releases to describe itself as a designer and manufacturer of products that "Sense, Connect, and Move," with a focus on sensors, actuators, and electronic components. The CTS news feed highlights developments that matter to investors and followers of CTS stock, including earnings results, capital allocation decisions, technology launches, and governance updates.
Regular earnings announcements provide details on quarterly net sales, net earnings, margins, and cash flow, as well as guidance ranges for annual sales and adjusted diluted earnings per share. These releases are often paired with notices of conference calls and webcasts, along with investor slide presentations that are also referenced in Form 8-K filings. Through this coverage, readers can follow how CTS reports performance in its diversified end markets, which include industrial, aerospace and defense, medical, and transportation.
CTS news also covers decisions by the board of directors, such as cash dividend declarations and share repurchase program authorizations. In addition, the company issues releases about participation in investor conferences, providing presentation times and webcast access information. Governance and leadership changes, including appointments to executive roles and the board, are disclosed through both press releases and corresponding Form 8-K filings.
Product and technology updates appear in the news stream as well. For example, CTS has announced COBROS, which it describes as a platform for electric motor control based on real-time magnetic field sensing. For readers tracking CTS, the news page offers a centralized view of financial updates, strategic financing arrangements, corporate governance changes, and technology-related announcements.
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.