Latest news with #CTSCorporation
Yahoo
8 hours ago
- Business
- Yahoo
CTS Earnings: What To Look For From CTS
Electronic components manufacturer CTS Corporation (NYSE:CTS) will be announcing earnings results this Thursday before the bell. Here's what you need to know. CTS missed analysts' revenue expectations by 2.3% last quarter, reporting revenues of $125.8 million, flat year on year. It was a slower quarter for the company, with a significant miss of analysts' EPS estimates. Is CTS a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting CTS's revenue to grow 1.9% year on year to $132.7 million, a reversal from the 10.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.55 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Looking at CTS's peers in the tech hardware & electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Jabil delivered year-on-year revenue growth of 15.7%, beating analysts' expectations by 11.2%, and TD SYNNEX reported revenues up 7.2%, topping estimates by 4.4%. Jabil traded up 13.1% following the results while TD SYNNEX was also up 7.9%. Read our full analysis of Jabil's results here and TD SYNNEX's results here. There has been positive sentiment among investors in the tech hardware & electronics segment, with share prices up 5.1% on average over the last month. CTS is down 3.5% during the same time and is heading into earnings with an average analyst price target of $43 (compared to the current share price of $40.71). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
11 hours ago
- Business
- Yahoo
CTS Earnings: What To Look For From CTS
Electronic components manufacturer CTS Corporation (NYSE:CTS) will be announcing earnings results this Thursday before the bell. Here's what you need to know. CTS missed analysts' revenue expectations by 2.3% last quarter, reporting revenues of $125.8 million, flat year on year. It was a slower quarter for the company, with a significant miss of analysts' EPS estimates. Is CTS a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting CTS's revenue to grow 1.9% year on year to $132.7 million, a reversal from the 10.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.55 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Looking at CTS's peers in the tech hardware & electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Jabil delivered year-on-year revenue growth of 15.7%, beating analysts' expectations by 11.2%, and TD SYNNEX reported revenues up 7.2%, topping estimates by 4.4%. Jabil traded up 13.1% following the results while TD SYNNEX was also up 7.9%. Read our full analysis of Jabil's results here and TD SYNNEX's results here. There has been positive sentiment among investors in the tech hardware & electronics segment, with share prices up 5.1% on average over the last month. CTS is down 3.5% during the same time and is heading into earnings with an average analyst price target of $43 (compared to the current share price of $40.71). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
14-07-2025
- Business
- Yahoo
CTS Corporation Announces Date for Second Quarter 2025 Earnings Release and Conference Call
LISLE, Ill., July 14, 2025 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) will release its earnings for the second quarter 2025 at approximately 8:00 a.m. (ET) on Thursday, July 24, 2025. A conference call to discuss second quarter 2025 results with management is scheduled for Thursday, July 24, 2025 at 10:00 a.m. (ET). The dial-in numbers for access from the U.S. are: +1-833-470-1428 (Toll-Free) and +1-404-975-4839 (Local), if calling from outside the U.S., please refer to Global Dial In Numbers to identify the applicable dial-in number for your location. The passcode is 932754. A live audio webcast of the conference call will be available and can be accessed directly from the Investors section of the website of CTS Corporation at where it will be archived for one year. About CTSCTS (NYSE: CTS) is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, and transportation markets. For more information, visit ContactAshish AgrawalVice President and Chief Financial Officer CTS Corporation4925 Indiana AvenueLisle, IL 60532USA Telephone: +1 (630) 577-8800E-mail:
Yahoo
14-05-2025
- Business
- Yahoo
CTS Q1 Earnings Call: Diversified Markets Strengthen as Tariff Uncertainty Weighs on Outlook
Electronic components manufacturer CTS Corporation (NYSE:CTS) missed Wall Street's revenue expectations in Q1 CY2025, with sales flat year on year at $125.8 million. On the other hand, the company's outlook for the full year was close to analysts' estimates with revenue guided to $535 million at the midpoint. Its non-GAAP profit of $0.44 per share was 10.2% below analysts' consensus estimates. Is now the time to buy CTS? Find out in our full research report (it's free). Revenue: $125.8 million vs analyst estimates of $128.7 million (flat year on year, 2.3% miss) Adjusted EPS: $0.44 vs analyst expectations of $0.49 (10.2% miss) Adjusted EBITDA: $25.8 million vs analyst estimates of $27.05 million (20.5% margin, 4.6% miss) The company reconfirmed its revenue guidance for the full year of $535 million at the midpoint Management reiterated its full-year Adjusted EPS guidance of $2.28 at the midpoint Operating Margin: 13.3%, in line with the same quarter last year Free Cash Flow Margin: 8.7%, down from 11.4% in the same quarter last year Market Capitalization: $1.29 billion CTS Corporation's first quarter results were marked by a stable sales performance, as management pointed to significant growth in diversified end markets such as medical, aerospace, and industrial segments. CEO Kieran O'Sullivan highlighted a 14% increase in diversified market sales, with robust booking activity, especially in medical ultrasound and therapeutic applications. However, transportation-related sales declined due to ongoing challenges in China and commercial vehicle products, reflecting a mixed demand environment across segments. Looking ahead, the company's outlook remains cautious given external risks. Management reiterated its full-year revenue and adjusted EPS guidance, noting that continued execution in diversified markets and progress on integration of the SyQwest acquisition will be key. O'Sullivan acknowledged the potential impact of tariffs and geopolitical factors, stating, 'If something changes there, that would cause us to adjust,' while emphasizing ongoing mitigation efforts such as pricing adjustments and operational agility. Despite flat overall revenue, CTS management emphasized several operational shifts and market trends that shaped the quarter. The company's focus on diversification produced notable gains in non-transportation segments, while external headwinds continued to affect transportation markets. Diversified Market Momentum: Sales in medical, aerospace, defense, and industrial end markets grew 14%, with management singling out medical ultrasound and therapeutics for strong order activity and new customer wins. Aerospace and Defense Expansion: The integration of the SyQwest acquisition contributed to a 39% increase in aerospace and defense sales, with management noting new orders in sonar, anti-jamming, and sensor applications, as well as a healthy backlog for future quarters. Industrial Gradual Recovery: Industrial market sales recovered modestly, supported by demand for EMC filters and sensors. Bookings increased 19% year over year, and management expects further improvement as inventory normalization continues. Transportation Market Weakness: Transportation segment sales declined 12%, with management attributing this to soft demand in China and competitive pressures in commercial vehicles. Despite headwinds, new product wins in accelerator modules and vehicle footwell integration were highlighted as future growth drivers. Tariff and Cost Mitigation: Management reported minimal short-term tariff impact but remains vigilant, working closely with customers to adapt pricing and logistics. The company is monitoring the geopolitical environment and potential trade policy changes that could affect future demand and manufacturing footprint. CTS management expects continued growth in diversified end markets to offset ongoing softness in transportation, though tariff and geopolitical risks could introduce volatility. The company's margin outlook is tied to a shift in sales mix and operational initiatives. Diversification Driving Margins: Management sees higher-margin diversified markets, particularly medical and aerospace/defense, as key to improving overall operating profitability through the year. SyQwest Integration Impact: The recent acquisition is expected to contribute more meaningfully in the second half, aided by government contract seasonality and expanded product offerings. Tariff and Geopolitical Risks: The company highlighted uncertainty around tariffs and trade policy as a primary risk. Management is actively working on mitigation strategies, but changes in tariffs or trade agreements, especially related to Mexico and China, could affect both costs and demand. John Franzreb (Sidoti): Asked if strong bookings in diversified markets reflected customer prebuying ahead of tariff costs. Management clarified that medical bookings were for longer-term demand, and prebuying was not broad-based. John Franzreb (Sidoti): Inquired about changes in transportation market assumptions. CEO Kieran O'Sullivan noted some prebuying in transportation but stated that guidance assumes stable demand unless conditions change. John Franzreb (Sidoti): Sought clarity on how profit is expected to ramp throughout the year given first quarter softness. Management pointed to higher revenue in later quarters, SyQwest seasonality, and improved sales mix as drivers. Hendi Susanto (Gabelli Funds): Asked about the company's manufacturing footprint and exposure to tariffs. Management described regional manufacturing alignment and mitigation levers, including pricing adjustments and logistics options. Hendi Susanto (Gabelli Funds): Queried about main drivers for margin improvement. Management cited faster-growing diversified markets and operational efficiency as primary contributors, with SyQwest and product mix changes also playing a role. In upcoming quarters, the StockStory team will be closely monitoring (1) the sustained growth and order momentum in diversified end markets such as medical and aerospace/defense, (2) progress on integrating and scaling SyQwest's product lines and backlog, and (3) the company's ability to mitigate the impact of tariffs and geopolitical developments through pricing, logistics, and operational adjustments. Execution on new product launches in transportation and commercial vehicle segments will also be important indicators of recovery. CTS currently trades at a forward P/E ratio of 20×. At this valuation, is it a buy or sell post earnings? See for yourself in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-04-2025
- Business
- Yahoo
CTS Corporation Announces Date for First Quarter 2025 Earnings Release and Conference Call
LISLE, Ill., April 21, 2025 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) will release its earnings for the first quarter 2025 at approximately 8:00 a.m. (ET) on Wednesday, April 30, 2025. A conference call to discuss first quarter 2025 results with management is scheduled for Wednesday, April 30, 2025 at 10:00 a.m. (ET). The dial-in numbers for access from the U.S. are: +1-833-470-1428 (Toll-Free) and +1-404-975-4839 (Local), if calling from outside the U.S., please refer to Global Dial In Numbers to identify the applicable dial-in number for your location. The passcode is 971790. A live audio webcast of the conference call will be available and can be accessed directly from the Investors section of the website of CTS Corporation at where it will be archived for one year. About CTSCTS (NYSE: CTS) is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, and transportation markets. For more information, visit ContactAshish AgrawalVice President and Chief Financial Officer CTS Corporation4925 Indiana AvenueLisle, IL 60532USA Telephone: +1 (630) 577-8800E-mail: