CTS Corp (NYSE:CTS)

$ 52.72 -0.4 (-0.75%) Market Cap: 1.59 Bil Enterprise Value: 1.63 Bil PE Ratio: 27.18 PB Ratio: 3.00 GF Score: 76/100

Q3 2024 CTS Corp Earnings Call Transcript
Oct 29, 2024

$49.73 (+2.45%)

Earnings
Q2 2024 CTS Corp Earnings Call Transcript
Jul 30, 2024

$47.89 (-7.37%)

Earnings
Q4 2023 CTS Corp Earnings Call Transcript
Feb 06, 2024

$45.91 (+10.44%)

Earnings
Q3 2023 CTS Corp Earnings Call Transcript
Oct 26, 2023

$38.1 (-0.52%)

Earnings
Q2 2023 CTS Corp Earnings Call Transcript
Jul 25, 2023

$41.61 (-1.40%)

Earnings
Q1 2023 CTS Corp Earnings Call Transcript
Apr 27, 2023

$40.63 (-3.08%)

Earnings
Q4 2022 CTS Corp Earnings Call Transcript
Feb 07, 2023

$42.79 (-8.29%)

Earnings
Q3 2022 CTS Corp Earnings Call Transcript
Oct 26, 2022

$36.17 (-17.80%)

Earnings
CTS Corp at Oppenheimer Technology, Internet & Communications Conference (Virtual) Transcript
Aug 10, 2022
CTS Corp at Jefferies Industrials Conference Transcript
Aug 09, 2022
Q2 2022 CTS Corp Earnings Call Transcript
Jul 26, 2022

$37.85

Earnings
Q1 2022 CTS Corp Earnings Call Transcript
Apr 28, 2022

$34.66 (+6.29%)

Earnings
Q4 2021 CTS Corp Earnings Call Transcript
Feb 08, 2022

$32.65 (+1.68%)

Earnings
Q3 2021 CTS Corp Earnings Call Transcript
Oct 27, 2021

$34.25 (+7.98%)

Earnings
Q2 2021 CTS Corp Earnings Call Transcript
Jul 27, 2021

$33.49 (-1.38%)

Earnings
Q1 2021 CTS Corp Earnings Call Transcript
Apr 29, 2021

$29.89 (-5.89%)

Earnings
Q4 2020 CTS Corp Earnings Call Transcript
Feb 09, 2021

$32.72 (-2.01%)

Earnings
Q3 2020 CTS Corp Earnings Call Transcript
Oct 29, 2020

$26.46 (+3.64%)

Earnings
Q2 2020 CTS Corp Earnings Call Transcript
Jul 31, 2020

$19.86 (-3.92%)

Earnings
Q1 2020 CTS Corp Earnings Call Transcript
Apr 23, 2020

$22.74 (+4.41%)

Earnings
Q4 2019 CTS Corp Earnings Call Transcript
Feb 04, 2020

$30.58 (+2.96%)

Earnings
Q3 2019 CTS Corp Earnings Call Transcript
Oct 24, 2019

$27.97 (-17.18%)

Earnings
Q2 2019 CTS Corp Earnings Call Transcript
Jul 25, 2019

$31.59 (+3.40%)

Earnings
Q1 2019 CTS Corp Earnings Call Transcript
Apr 25, 2019

$29.88 (-4.05%)

Earnings

Q3 2019 CTS Corp Earnings Call Transcript

Oct 24, 2019 / 03:00PM GMT

Release Date Price: $27.97 (-17.18%)

Transcript 10-Q8-K

Operator

Good day, and welcome to the CTS Corporation Third Quarter Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Kieran O'Sullivan. Please go ahead.

Kieran M. O;Sullivan

CTS Corporation - Chairman, President & CEO

' -

Thank you, Lauren. Good morning. Thank you for joining us today, and welcome to CTS' Third Quarter 2019 Conference Call.

Third quarter sales were $115.7 million, down from $118.9 million in the same period last year. In the third quarter, we acquired QTI Sensing Solutions for $75 million, which is consistent with our stated strategy of portfolio diversification. Gross margins were 32% compared to 35.4% in the third quarter of 2018. Adjusted earnings per share were $0.29 compared to $0.39 in the third quarter of last year. We are taking measures designed to improve our performance, which I will discuss shortly. Total booked business increased 2% to $1.86 billion, up from $1.83 billion in the same period last year. Ashish Agrawal, our CFO, is with me for today's call

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