CTS Corp (N:CTS)
Business Focus: Electronic Repair Services
| Sector: Technology | Industry: Electronic Equipment & Parts |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4925 Indiana Avenue LISLE IL 60532 |
| Tel: | N/A |
| Website: | https://www.ctscorp.com |
| IR: | See website |
| Key People | ||
| Kieran M. O'Sullivan Chairman of the Board, President, Chief Executive Officer | Ashish Agrawal Chief Financial Officer, Vice President | Martin Baumeister Senior Vice President |
| Michael E. Murray Senior Vice President | Thomas M. White Principal Accounting Officer, Corporate Controller | Scott L. D'Angelo Vice President, General Counsel, Secretary |
| Business Overview |
| CTS Corporation is a global manufacturer of sensors, connectivity components, and actuators. The Company designs, manufactures, and sells a line of sensors, connectivity components, and actuators primarily to original equipment manufacturers (OEMs) and suppliers for the aerospace and defense, industrial, medical, and transportation markets. It operates manufacturing facilities in North America, Asia, and Europe. Its devices are categorized by their ability to Sense, Connect or Move. Sense products provide vital inputs to electronic systems. Connect products allow systems to function in synchronization with other systems. Move products ensure required movements are effectively and accurately executed. Its Sense products include Controls, Pedals, Piezo Sensing Products, Sensors, Switches and Transducers. Its Connect products include EMI/RFI Filters, Capacitors, Frequency Control Products, Resistors and RF filters. Its Move products include Piezo Microactuators and Rotary Actuators. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, CTS Corp revenues decreased 6% to $550.4M. Net income increased 2% to $60.5M. Revenues reflect Industrial segment decrease of 23% to $129.4M, Transportation segment decrease of 1% to $301.5M, United States segment decrease of 7% to $302.5M, Singapore segment decrease of 38% to $29.9M. Net Income benefited from Other (expense) income decrease of 90% to $1.2M (expense), selling. |
| Employees: | 4,081 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,237M as of Dec 31, 2023 |
| Annual revenue (TTM): | $550.42M as of Dec 31, 2023 |
| EBITDA (TTM): | $110.84M as of Dec 31, 2023 |
| Net annual income (TTM): | $60.53M as of Dec 31, 2023 |
| Free cash flow (TTM): | $69.03M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 30,694,099 as of Mar 15, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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