CTS Corp Stock Price, News & Analysis

CTS Corporation (NYSE: CTS) has declared a cash dividend of $0.04 per share, set to be paid on July 22, 2022, to shareholders on record as of June 17, 2022. The company specializes in designing and manufacturing sensors, actuators, and electronic components for diverse markets like aerospace, industrial, medical, and transportation. CTS operates globally with facilities in North America, Europe, and Asia.

CTS Corporation reported strong first-quarter results for 2022, with a revenue increase of 15% year-over-year, reaching $147.7 million. Notably, sales in non-transportation markets surged 30%, while transportation sales grew 4%. Net income rose to $20.2 million, or $0.63 per diluted share. Adjusted EBITDA margin expanded by 350 basis points to 23.5%. The company raised its full-year sales guidance to $550 - $580 million and adjusted diluted EPS to $2.20 - $2.45, reflecting optimism despite ongoing inflation and supply chain challenges.

CTS Corporation (NYSE: CTS) will announce its Q1 2022 earnings on April 28, 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. Investors can dial in using 844-200-6205 (or +1 929-526-1599 for international calls) with passcode 549088. The call will also be accessible via a live audio webcast from the Investor section of the CTS website.

CTS is a prominent manufacturer of sensors, actuators, and electronic components serving various industries including aerospace and medical.

CTS Corporation (NYSE: CTS) has entered a definitive Share Purchase Agreement to acquire Meggitt A/S for Danish Krone 525 million in cash, pending regulatory approvals. Meggitt A/S, known as Ferroperm Piezoceramics, specializes in high-performance piezoceramic components for medical, industrial, and aerospace applications. This acquisition is anticipated to enhance CTS's piezoceramic business and diversify its offerings, particularly in medical therapeutics, aligning with its focus on high-quality materials. The transaction is set to close in 2022, subject to customary conditions.

CTS Corporation (NYSE: CTS) has successfully acquired TEWA Temperature Sensors SP. Zo.o. for an enterprise value of $24.5 million. TEWA, established in 1964 and based in Lublin, Poland, is renowned for its high-quality temperature sensors and stable ceramic technology, enhancing CTS’s temperature sensing capabilities.

This acquisition aligns with CTS's market diversification strategy and is expected to leverage TEWA’s distribution network, expanding CTS’s reach in Europe and enhancing commercial synergies.

CTS Corporation (NYSE: CTS) has declared a cash dividend of $0.04 per share, set for payment on April 22, 2022. Shareholders on record by the close of business on March 18, 2022 will receive this dividend. As a leading manufacturer, CTS specializes in sensors, actuators, and electronic components, serving markets such as aerospace, industrial, medical, and transportation across North America, Europe, and Asia.

CTS Corporation (NYSE: CTS) reported Q4 2021 sales of $132.5 million, an 8% increase year-over-year, driven by a 25% growth in non-transportation revenues. However, net income fell to $9.2 million from $14.9 million due to higher foreign exchange costs and taxes. For the full year, sales rose 21% to $512.9 million, but a net loss of $41.9 million was reported, mainly due to a $96.6 million pension plan termination charge. CTS anticipates 2022 sales between $525 and $550 million and adjusted EPS of $2.00 to $2.25.

CTS Corporation (NYSE: CTS) will announce its earnings for Q4 and full-year 2021 at 8:00 a.m. (EDT) on February 8, 2022. A subsequent conference call with management is scheduled for the same day at 10:00 a.m. (EDT), accessible via dial-in or live audio webcast. CTS is a key player in designing and manufacturing sensors, actuators, and electronic components across various markets including aerospace, industrial, medical, telecommunications, and transportation.

CTS Corporation (NYSE: CTS) announced that Kieran O’Sullivan, President and CEO, will participate in a fireside chat at the Stephens 23rd Annual Investment Conference on December 2, 2021, at 3:00 p.m. (CST) in Nashville, TN. Interested parties can access a live webcast of the event via the CTS website. The presentation will also be available for replay for 90 days.

CTS specializes in sensors, actuators, and electronic components, serving various markets including aerospace, industrial, and transportation.