CTS Corporation designs and manufactures products that Sense, Connect and Move, including sensors, actuators and electronic components. The company supplies engineered products from operations in North America, Europe and Asia to aerospace & defense, industrial, medical and transportation customers.
Recurring CTS news centers on quarterly and annual results, demand across diversified end markets and transportation, margin and cash-flow commentary, guidance, dividends, share repurchase authorizations, investor presentations and management or board updates.
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.
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.