CTS Corp Stock Price, News & Analysis

CTS Corporation's Board of Directors has declared a cash dividend of $0.04 per share, scheduled for payment on April 23, 2021. Shareholders of record as of March 19, 2021 will be eligible for this dividend.

CTS operates in various markets, providing sensors, actuators, and electronic components across North America, Europe, and Asia, focusing on sectors like aerospace, industrial, medical, telecommunications, and transportation.

CTS Corporation reported its fourth quarter and full year 2020 financial results, showcasing a 7% year-over-year increase in sales to $123 million in Q4. This growth was driven by a 12% rise in transportation sector sales. Net earnings for Q4 were $14.9 million, translating to $0.46 per diluted share, up from $10.1 million or $0.31 last year. However, full year sales decreased by 10% to $424 million, with a 19% drop in transportation sales. Looking forward, the company expects 2021 sales between $430 million and $490 million, with adjusted EPS guidance of $1.20 to $1.60.

CTS Corporation (NYSE: CTS) is set to release its earnings for the fourth quarter and FY2020 on February 9, 2021, at 8:00 a.m. (EST). Following this, a conference call with management will occur at 10:00 a.m. (EST) the same day, allowing stakeholders to discuss the results. The call can be accessed via U.S. dial-in or through a live audio webcast on the company's website. CTS specializes in designing and manufacturing products that sense, connect, and move, serving various sectors including aerospace, medical, and telecommunications.

CTS Corporation (NYSE: CTS) will present virtually at the 23rd Annual Needham Growth Conference on January 11, 2021, at 3:30 p.m. (EST). Interested parties can access the live webcast through the provided link or via the Investors section on the company’s website. A replay will also be available on the site. CTS specializes in designing and manufacturing sensors, actuators, and electronic components across various industries.

CTS Corporation has acquired Sensor Scientific, Inc. (SSI), a temperature sensing company based in New Jersey. Founded in 1983, SSI specializes in manufacturing thermistors and temperature sensor assemblies for OEMs in medical, industrial, and defense markets. This acquisition enhances CTS's temperature sensing product portfolio and strengthens its presence in the medical sector. CEO Kieran O’Sullivan emphasized that SSI’s capabilities align with CTS's strategy of innovative product development, although the financial terms of the deal remain undisclosed.

The Board of Directors of CTS declared a cash dividend of $0.04 per share, payable on January 15, 2021, to shareholders of record by December 11, 2020. The company, known for designing and manufacturing products that Sense, Connect, and Move, operates in various sectors including aerospace, medical, and telecommunications. Headquartered in Lisle, Illinois, CTS serves clients globally, manufacturing critical electronic components and sensors.

CTS Corporation (NYSE: CTS) will present virtually at Baird’s Global Industrial Conference on November 10, 2020, at 3:45 p.m. (EST). The presentation will cover the company’s innovative products that are designed to Sense, Connect, and Move, serving markets including aerospace, industrial, medical, telecommunications, and transportation. Investors can access the presentation on the CTS Investors page for more information if they cannot attend the live event. For additional details about the conference, visit Baird Conferences.

CTS Corporation (NYSE: CTS) reported third quarter 2020 results with sales of $113.8 million, down 2% year-over-year but up 35% from Q2 2020. Sales to transportation customers fell 9%, while sales to other markets increased 10%, or 4% excluding the QTI acquisition. Net earnings reached $11.1 million or $0.34 per diluted share, compared to $2.7 million or $0.08 last year. Free cash flow was $22.4 million. New business wins totaled $127 million. Management expressed cautious optimism despite ongoing market uncertainties.

CTS Corporation (NYSE: CTS) will announce its third-quarter earnings on October 29, 2020, at 8:00 a.m. EDT. Following the release, management will host a conference call at 10:00 a.m. EDT to discuss the results. Interested parties can access the call by dialing 800-309-1256 (or 720-543-0314 internationally) with passcode 544640. The call will be available for replay from 1:00 p.m. EDT on the same day until November 12, 2020. A live audio webcast will also be accessible via the CTS website.