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Stock impact report

CTS Corp (CTS) Navigates Headwinds to Deliver Resilient 2023 Financial Results [Yahoo! Finance]

CTS Corporation (CTS) 
Last cts corporation earnings: 4/23 08:00 am Check Earnings Report
US:NYSE Investor Relations: ctscorp.com/investors
Company Research Source: Yahoo! Finance
Earnings Per Share (EPS) : Increased to $1.92 in 2023 from $1.85 in the previous year. Adjusted EBITDA Margin : Slightly decreased to 22% in 2023 from 23% in 2022. Operating Cash Flow : Decreased to $89 million in 2023 from $121 million in 2022, influenced by one-time cash related to the U.S. pension plan. 2024 Guidance : Sales projected to be between $530 - $570 million with adjusted diluted EPS expected to be $2.10 - $2.35. On February 6, 2024, CTS Corp ( NYSE:CTS ), a global leader in the design and manufacture of sensors, electronic components, and actuators, released its 8-K filing , detailing its fourth quarter and full-year 2023 results. The company, which primarily serves OEMs in diverse markets such as aerospace, defense, industrial, medical, telecommunications, and transportation, faced a challenging year with a decline in sales but managed to maintain stable net income levels. CTS Corp's CEO, Kieran OSullivan, acknowledged the progress made on strategic prioritie Show less Read more
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