CTS Corp Stock Price, News & Analysis

CTS (NYSE: CTS) has announced a cash dividend of $0.04 per share on its outstanding common stock. The dividend will be paid on October 25, 2024, to shareholders of record as of the close of business on September 27, 2024. This declaration by the Board of Directors demonstrates CTS's commitment to returning value to its shareholders. The dividend payment reflects the company's financial stability and confidence in its future prospects. Investors should note that this regular dividend distribution is part of CTS's ongoing shareholder reward strategy.

CTS (NYSE: CTS) announced its Q2 2024 results, reporting sales of $130 million, up 4% sequentially but down 10% year-over-year. The company achieved net income of $15 million (11% of sales) and earnings per diluted share of $0.48. Non-transportation end market sales increased 11% sequentially and 4% year-over-year, while transportation end market sales decreased. CTS completed the acquisition of SyQwest, for $125 million, enhancing its capabilities in underwater acoustic applications for the defense sector. The company updated its 2024 guidance, projecting full-year sales between $525-$540 million and adjusted diluted EPS of $2.05-$2.25, factoring in the SyQwest acquisition impact.

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.

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.

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.