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 second-quarter 2021 results with sales of $129.6 million, a 54% increase year-over-year. Sales to transportation customers rose 88% while other markets grew 26%. However, net earnings decreased to $0.9 million or $0.03 per diluted share, significantly impacted by a non-cash pension charge of $20.1 million. Adjusted diluted EPS improved to $0.52, and free cash flow reached $16.3 million. The company raised its full-year sales guidance to $480 – $500 million and adjusted EPS guidance to $1.70 – $1.90.
CTS Corporation (NYSE: CTS) is set to release its second quarter 2021 earnings on July 27, 2021, at 8:00 a.m. (EDT). A management conference call will follow at 10:00 a.m. (EDT) to discuss the results. Interested parties can join via a U.S. dial-in number or listen to a live audio webcast on the CTS website. The call will be replayed from 1:00 p.m. (EDT) on the same day until August 10, 2021. CTS is a premier provider of sensors, actuators, and electronic components across various markets, including aerospace, industrial, and medical sectors.
CTS Corporation (NYSE: CTS) announced the approval of a new share repurchase program, allowing for the buyback of up to $50 million of its common stock, replacing the previous program from February 2019. Additionally, the Board of Directors declared a cash dividend of $0.04 per share, with a payment date set for July 23, 2021, for shareholders on record by June 18, 2021. These moves aim to enhance shareholder value while reflecting the company's ongoing commitment to returning capital to its investors.
CTS Corporation (NYSE: CTS) reported first quarter 2021 results showcasing strong financial performance with sales of $128.4 million, a 25% increase year-over-year. Notably, sales to transportation customers rose 23%, bolstered by the Sensor Scientific acquisition, contributing $1.8 million. Net earnings reached $12.0 million or $0.37 per diluted share, up significantly from $3.8 million or $0.12 last year. Free cash flow improved to $18.5 million from $7.4 million. The company adjusted its 2021 guidance for sales to $445 – $500 million and for adjusted earnings to $1.35 – $1.70.
CTS Corporation (NYSE: CTS) is set to release its first quarter 2021 earnings on April 29, 2021, at 8:00 a.m. ET. A conference call will follow at 10:00 a.m. ET to discuss the results. Participants can dial in using U.S. numbers or join via a live audio webcast on the company’s website. The call will also be available for replay starting at 1:00 p.m. ET on the same day through May 13, 2021. CTS specializes in designing and manufacturing products for various industries, including aerospace, industrial, and medical sectors.
CTS Corporation (NYSE: CTS) will present at the Sidoti Virtual Investor Conference on March 24, 2021, at 3:15 p.m. (EDT). A live webcast of the event can be accessed via the event link or through the company's website at www.ctscorp.com. The webcast will also be available for replay for 30 days.
CTS is a leading designer and manufacturer of products that Sense, Connect, and Move, serving various markets including aerospace, industrial, and telecommunications.
CTS Corporation (NYSE: CTS) has appointed Donna M. Costello to its board of directors as of February 11, 2021. Costello, the former CFO of C&D Technologies, brings over 25 years of financial experience in the tech industry, focusing on executive leadership and M&A. CTS Chairman and CEO, Kieran O'Sullivan, expressed confidence that her experience will bolster CTS's growth and market diversification strategies. CTS designs and manufactures products for various sectors, including aerospace, medical, and telecommunications.
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.