CTS CORPORATION Reports Financial Results for Q4 FY2022 – Total Revenue Up 63.1%, Net Income Up 7.4% Year-over-Year
March 5, 2023
Earnings report
CTS CORPORATION ($NYSE:CTS) has reported their financial results for the fourth quarter of FY2022, which ended on December 31 2022. The results, released on February 7 2023, show an impressive increase in total revenue, up 63.1% year-over-year to USD 14.9 million. Net income also saw positive growth, with an increase of 7.4%, reaching USD 142.3 million. These results are a testament to CTS CORPORATION’s commitment to delivering high-quality financial and operational performance.
The company is committed to continuing to drive value for shareholders, customers and employees alike. Moreover, the remarkable increase in revenue and net income illustrates the success of CTS CORPORATION’s strategic initiatives, which have enabled the organization to capitalize on new opportunities and expand into growing markets. It is clear that CTS CORPORATION will continue to make well-informed decisions that drive success and profitability for the long term.
Price History
CTS CORPORATION reported their financial results for Q4 FY 2022 on Tuesday. The company saw a total revenue increase of 63.1% year-over-year, ending with a net income of 7.4%. Its stock opened at $42.1 and closed at $42.8, dropping 8.3% from its previous closing price of $46.7.
The slight dip shows investors’ caution against the uncertainty of the quarter, as the company continues to navigate the current economic conditions. While the overall results demonstrate CTS CORPORATION’s resilience and growth, there is still much work to be done in order to ensure its long-term success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cts Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 586.87 | 59.58 | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cts Corporation. More…
| Operations | Investing | Financing |
| 121.76 | -15.9 | -20.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cts Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 748.49 | 242.26 | 15.4 |
Key Ratios Snapshot
Some of the financial key ratios for Cts Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | 15.8% | 14.1% |
| FCF Margin | ROE | ROA |
| 17.9% | 10.4% | 6.9% |
Analysis
At GoodWhale, we have analysed CTS CORPORATION‘s financials and determined that, from an investment perspective, it is a low-risk company. Our Risk Rating tool identified only one risk warning associated with its balance sheet, which we invite you to register with us to check out. We believe CTS CORPORATION’s financials to be stable and well suited for investors seeking a long-term, secure investment. As with any investment, however, it is important for investors to undertake their own due diligence and perform a that best suits their individual circumstances and risk tolerance. More…
Peers
The company’s products are used in a wide range of industries, including automotive, consumer, industrial, medical, and telecommunications. CTS Corp has a strong competitive position in the market, with a broad product portfolio and a large customer base. The company’s main competitors are Alps Alpine Co Ltd, Concraft Holding Co Ltd, and Man Yue Technology Holdings Ltd.
– Alps Alpine Co Ltd ($TSE:6770)
Alps Alpine Co Ltd is a Japanese company that manufactures and sells electronic equipment and components. The company has a market cap of 273.42B as of 2022 and a ROE of 8.73%. Alps Alpine is a leading manufacturer of electronic equipment and components, with a strong presence in the automotive, industrial, and consumer markets. The company’s products are used in a wide range of applications, including automotive electronics, communications, and computing. Alps Alpine is headquartered in Tokyo, Japan, and has manufacturing facilities in Japan, China, and the United States.
– Concraft Holding Co Ltd ($TWSE:4943)
Concraft Holding Co Ltd is a construction company that operates in the Chinese market. The company has a market capitalization of 1.19 billion as of 2022 and a return on equity of -142.04%. The company’s primary business is the construction of residential and commercial buildings. The company also provides construction management services.
– Man Yue Technology Holdings Ltd ($SEHK:00894)
Man Yue Technology Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the provision of electronics manufacturing services. The Company operates its businesses through two segments. The Electronics Manufacturing Services Segment is engaged in the provision of one-stop electronics manufacturing services, including product design, printed circuit board assembly, plastic injection molding and product assembly. The Logistics Segment is engaged in the provision of logistics services, including international airfreight, international oceanfreight, warehousing and domestic transportation. As of December 31, 2011, the Company operated a total of 20 subsidiaries.
Summary
CTS Corporation has released its financial report for the given period, showing impressive growth in revenue and net income. The total revenue for the period reported was USD 14.9 million, an increase of 63.1% as compared to the same period of the previous year.
Additionally, net income was USD 142.3 million, a 7.4% yearly increase. Despite these positive figures, stock price moved down the same day. This is likely due to investors being uncertain about the company’s future or waiting to see further growth in CTS Corporation’s fundamentals before investing.
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