CTS Corp Stock Price, News & Analysis

CTS Corporation (NYSE: CTS) will participate in a fireside chat at the Stephens 24th Annual Investment Conference on November 15, 2022, at 4:00 p.m. CST in Nashville, TN. CEO Kieran O’Sullivan will discuss the company's strategic direction and recent developments. Investors can access a live webcast via the provided link or through the Investors section of the CTS website. The recording will be available for 90 days post-event. CTS designs and manufactures products across various sectors, including aerospace, industrial, medical, and transportation.

CTS Corporation reported strong third-quarter 2022 results, with sales reaching $151.9 million, a 24% increase year-over-year. The net income improved to $11.8 million or $0.37 per diluted share, contrasting with a loss of $63.9 million in Q3 2021. Adjusted diluted EPS rose to $0.62, and adjusted EBITDA margin stood at 22.3%, up from 21.7% a year prior. The company expects full-year 2022 sales between $585 million and $595 million, maintaining previous EPS guidance of $2.40 to $2.55.

CTS Corporation (NYSE: CTS) will announce its third quarter 2022 earnings on October 26, 2022, at 8:00 a.m. EDT. A conference call with management is set for the same day at 10:00 a.m. EDT, accessible via the U.S. dial-in number 844-200-6205 or internationally at +1 929-526-1599, with passcode 336733.

A live audio webcast of the call will be available on the company’s investor website and archived for one year. CTS designs and manufactures products that Sense, Connect, and Move across various markets including aerospace, industrial, medical, and transportation.

The Board of Directors of CTS has declared a cash dividend of $0.04 per share, scheduled for payment on November 4, 2022. Shareholders must be on record by the close of business on September 30, 2022 to receive this dividend. CTS is a leader in the design and manufacturing of sensors, actuators, and electronic components, serving markets such as aerospace, defense, industrial, medical, and transportation.

CTS Corporation (NYSE: CTS) announced that Ashish Agrawal, Vice President and CFO, will participate in the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 10, 2022, at 9:55 a.m. EDT. The event will be held virtually and accessible via a live webcast.

For those who cannot attend, a replay will be available for 90 days post-event on the CTS Corporation website. CTS specializes in designing and manufacturing sensors, actuators, and electronic components, serving multiple markets including aerospace, industrial, medical, and transportation.

CTS Corporation (NYSE: CTS) will have its CEO, Kieran O’Sullivan, attend the Jefferies Industrial Conference on August 9, 2022, at 8:00 a.m. EDT. The event will be virtual, and a live webcast can be accessed through a provided link.

The webcast will also be available for replay on the CTS Corporation website for 90 days post-event.

CTS Corporation (NYSE: CTS) reported strong Q2 2022 results with a 12% revenue increase year-over-year, totaling $145 million. Non-transportation sales surged by 21%, while transportation sales grew by 4%. Net income rose to $12.6 million ($0.39 per diluted share), compared to $0.9 million ($0.03 per diluted share) a year earlier. The company’s adjusted EBITDA margin improved to 22.4%. Full-year 2022 guidance is raised to $570-$600 million in sales and adjusted EPS of $2.40-$2.55, reflecting confidence despite macroeconomic challenges.

CTS Corporation (NYSE: CTS) will announce its second quarter 2022 earnings on July 26, 2022, at 8:00 a.m. EDT. A conference call to discuss the results is scheduled for the same day at 10:00 a.m. EDT. Participants can dial in at 844-200-6205 (or +1 929-526-1599 for international calls) using passcode 990568. The call will be accessible via a live audio webcast on the CTS Investors website, with an archived version available for one year. CTS specializes in designing and manufacturing sensors and electronic components for various markets including aerospace, industrial, medical, and transportation.

CTS Corporation (NYSE: CTS) has successfully completed its acquisition of Ferroperm Piezoceramics from Meggitt PLC for 525 million Danish Krone. This strategic move enhances CTS's portfolio in high-performance piezoceramic components, catering to demanding medical, industrial, and aerospace applications. Ferroperm's established presence in Europe and customer base aligns well with CTS's diversification strategy. With this acquisition, CTS anticipates growth acceleration and expects the deal to be accretive in 2023.