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

CTS Corp at Oppenheimer Technology, Internet & Communications Conference (Virtual) Transcript

Aug 10, 2022 / 01:55PM GMT
Release Date Price: $41.75 (+1.80%)
Ashish Agrawal
CTS Corporation - VP & CFO

Good morning everyone, and welcome to CTS's investor discussion here at the Oppenheimer Conference. I wanted to welcome you all and take a little bit of time to walk you through our company, which we are all very excited about. We have been achieving good traction recently and we continue expecting to do that as we move forward.

So quickly going into an overview of the business. Last 12 months revenue, $548 million; EPS, $2.24; EBITDA margin, 22% and this has been a nice improvement over the last few years, and we want to continue working towards that.

And a very important thing that we take a look at, which is how much of our business is transportation versus non-transportation. A few years ago, CTS was two-thirds transportation, one-third non-transportation. And our stated goal is to bring the non-transportation exposure up considerably to more than 50% of the overall business, and we are making good progress towards that. Just to highlight an important aspect of that, we like our transportation business and we want to continue growing it

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