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 (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.
The Board of Directors of CTS has declared a cash dividend of $0.04 per share, set for payment on January 14, 2022. Shareholders of record will be those on record as of the close of business on December 10, 2021. CTS is a prominent designer and manufacturer of devices that Sense, Connect, and Move, offering products in various sectors, including aerospace, industrial, medical, telecommunications, and transportation.
CTS Corporation reported third quarter 2021 sales of $122.4 million, an 8% increase year-over-year. Notably, sales to non-transportation markets surged 24%, while transportation sales fell 5%. The recent acquisition of Sensor Scientific contributed $1.8 million in revenue. However, the company faced a net loss of $63.9 million, or $(1.97) per diluted share, primarily due to a $76 million non-cash charge linked to pension plan termination. Management raised its sales guidance for 2021 to $495 – $505 million, reflecting optimism despite supply chain concerns.
CTS Corporation (NYSE: CTS) is set to release its third quarter earnings on October 27, 2021, at 8:00 a.m. (EDT).
A conference call to discuss the results will follow at 10:00 a.m. (EDT), with a U.S. dial-in number at 800-309-1256. The replay of the conference call will be available from 1:00 p.m. (EDT) on the same day until November 10, 2021. The live audio webcast can be accessed via the Investors section of the CTS website.
CTS Corporation has declared a cash dividend of $0.04 per share, which is payable on November 5, 2021. Shareholders must be on record by the close of business on October 1, 2021. This decision reflects the company's ongoing commitment to returning value to shareholders. CTS operates in various sectors, including aerospace, defense, and telecommunications, designing and manufacturing products that Sense, Connect, and Move.