CTS Corporation Q4 Earnings Beat Estimates with $0.61 Non-GAAP EPS and $146M Revenue
April 28, 2023
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CTS ($NYSE:CTS) Corporation is a publicly-traded electronics manufacturer and technology solutions provider based in North America. Revenues came in at $146M, beating expectations by $3.11M. The company’s strong performance can be attributed to their efforts to diversify their revenue base, as well as their focus on cutting costs, which enabled them to deliver better-than-expected results.
Overall, CTS Corporation delivered a strong set of results in the fourth quarter, beating estimates on both EPS and revenue. The company’s strong performance has provided a much-needed boost of confidence to shareholders, and shows that their strategy of diversification and cost control is paying off.
Stock Price
The stock opened at $42.1 and closed at $40.6, down by 3.1% from previous closing price of 41.9. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cts Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 586.87 | 59.58 | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cts Corporation. More…
| Operations | Investing | Financing |
| 121.2 | -111.19 | 4.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cts Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 748.49 | 242.26 | 15.98 |
Key Ratios Snapshot
Some of the financial key ratios for Cts Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | 15.8% | 14.1% |
| FCF Margin | ROE | ROA |
| 18.2% | 10.4% | 6.9% |
Analysis
At GoodWhale, we have conducted an analysis of CTS CORPORATION‘s finances and found that, based on our Risk Rating system, CTS CORPORATION is a low risk investment in terms of both financial and business aspects. However, it is important to note that our analysis has detected one risk warning in the balance sheet. To access this information and discover more about CTS CORPORATION, be sure to become a registered user on GoodWhale. More…
Peers
The company’s products are used in a wide range of industries, including automotive, consumer, industrial, medical, and telecommunications. CTS Corp has a strong competitive position in the market, with a broad product portfolio and a large customer base. The company’s main competitors are Alps Alpine Co Ltd, Concraft Holding Co Ltd, and Man Yue Technology Holdings Ltd.
– Alps Alpine Co Ltd ($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
Despite this strong performance, CTS Corporation‘s stock price fell on the same day. Investors are likely concerned about CTS Corporation’s long-term prospects for growth, as the current quarter’s performance was only slightly better than the prior year’s results. Analysts may be reevaluating their outlook for the company and its future prospects, and it is possible that the stock could rebound in the near future if analysts become more positive on its prospects.
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