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 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.
On May 18, 2022, CTS Corporation (NYSE: CTS) announced that Ashish Agrawal, its Vice President and Chief Financial Officer, will participate in a fireside chat at the Cowen 50th Annual Technology, Media & Telecom Conference on June 1, 2022, at 4:30 p.m. (EDT) in New York, NY. Interested parties can access a live webcast of the event through a provided link or the Investors section of the CTS website. The webcast will also be available for replay for 90 days after the presentation.
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.