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CTS Corporation (CTS)
:CTS
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.49Last Year’s EPS
0.47Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: -5.80%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong growth in diversified markets and improvements in gross margin, yet faced challenges with overall revenue decline, particularly in the transportation segment. Adjusted EPS also saw a slight drop. The company remains optimistic about future growth driven by strategic acquisitions and strong performance in specific sectors.Company Guidance
During the CTS Corporation Fourth Quarter and Full Year 2024 Earnings Call, the company provided guidance for 2025, highlighting several key metrics and strategic focuses. Diversification remained a priority, with diversified markets contributing 56% of total revenue in Q4 2024. CEO Kieran O’Sullivan projected 2025 sales to be in the range of $520 million to $550 million, with adjusted diluted EPS expected between $2.20 and $2.35. The company anticipated solid growth in diversified markets, with a single-digit decline in transportation revenues. The integration of the SyQwest acquisition was expected to contribute positively, particularly in the second half of 2025. CTS highlighted improvements in profitability, with a full-year 2024 adjusted gross margin increase of 243 basis points, and adjusted EBITDA margin up by 80 basis points to 22.7%. The strategic focus on electrification, mobility, and high-quality end markets, alongside a strong balance sheet for acquisitions, was set to drive future growth.Diversified End Market Growth
Sales to diversified end markets increased by 28% year-over-year in Q4 and constituted 56% of the overall company revenue in Q4 and 51% for the full year 2024.
Gross Margin Improvement
Adjusted gross margin for the full year 2024 improved by 243 basis points compared to 2023, and by 394 basis points in Q4 year-over-year.
Aerospace and Defense Revenue Growth
Full year 2024 sales in the aerospace and defense sector were up 37% compared to 2023, indicating strong performance in this segment.
Medical Market Success
The company's medical market sales grew by 3% year-over-year for the full year 2024, with several new customer acquisitions and product wins.
Strong Cash Flow Generation
The company generated $99 million in operating cash flow for the full year, up from $89 million in 2023, and maintained a strong balance sheet.
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CTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $49.27 | $47.07 | -4.47% |
| Oct 29, 2024 | $48.50 | $49.69 | +2.45% |
| Jul 30, 2024 | $51.62 | $47.81 | -7.38% |
| May 01, 2024 | $45.64 | $47.31 | +3.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CTS Corporation (CTS) report earnings?
CTS Corporation (CTS) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is CTS Corporation (CTS) earnings time?
CTS Corporation (CTS) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTS EPS forecast?
CTS EPS forecast for the fiscal quarter 2025 (Q1) is 0.49.
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