OverviewSuggest Edit

CTS is a designer and manufacturer of sensors, actuators and electronic components for original equipment manufacturers in the aerospace, communications, defense, industrial, information technology, medical and transportation markets. The Company offers sensors and actuators used in passenger or consumer vehicles; electronic components used in communications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets. In addition, it supplies fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets.

TypePublic
Founded1896
HQLisle, US
Websitectscorp.com
Employee Ratings2

Latest Updates

Employees (est.) (Dec 2018)3,230
Job Openings18
Revenue (FY, 2018)$470.5 M(+12%)
Share Price (Jan 2020)$31.4

Key People/Management at CTS

Kieran OSullivan

Kieran OSullivan

President, Chief Executive Officer and Chairman of the Board
Patricia K. Collawn

Patricia K. Collawn

Board of Directors - Director
Gordon Hunter

Gordon Hunter

Board of Directors - Director
Ashish Agrawal

Ashish Agrawal

Vice President and Chief Financial Officer
William S. Johnson

William S. Johnson

Board of Directors - Director
Luis Francisco Machado

Luis Francisco Machado

Vice President, General Counsel and Secretary
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CTS Office Locations

CTS has offices in Lisle, Albuquerque, Bolingbrook, Elkhart and in 15 other locations
Lisle, US (HQ)
4925 Indiana Ave
Albuquerque, US
4800 Alameda Blvd NE
Bolingbrook, US
479 Quadrangle Dr Suite E
Elkhart, US
905 West Boulevard N
Farmington Hills, US
30445 Northwestern Hwy #280
Hopkinton, US
75 South St
Show all (21)

CTS Financials and Metrics

CTS Revenue

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View revenue for all periods
CTS's revenue was reported to be $470.48 m in FY, 2018 which is a 11.2% increase from the previous period.
USD

Revenue (Q3, 2019)

115.7m

Gross profit (Q3, 2019)

37.1m

Gross profit margin (Q3, 2019), %

32%

Net income (Q3, 2019)

2.7m

EBIT (Q3, 2019)

10.1m

Market capitalization (20-Jan-2020)

1.0b

Closing stock price (20-Jan-2020)

31.4

Cash (30-Sept-2019)

101.2m

EV

1.0b
CTS's current market capitalization is $1 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

382.3m396.7m423.0m470.5m

Revenue growth, %

(5%)4%7%11%

Cost of goods sold

255.2m256.3m282.6m305.5m

Gross profit

127.1m140.4m140.4m165.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

96.7m98.7m99.7m100.2m105.7m106.2m113.5m118.0m118.9m117.6m120.7m115.7m

Cost of goods sold

63.2m64.2m63.1m65.9m69.9m68.7m75.1m76.2m76.8m77.0m79.5m78.6m

Gross profit

33.5m34.5m36.6m34.2m35.8m37.5m38.4m41.8m42.1m40.6m41.2m37.1m

Gross profit Margin, %

35%35%37%34%34%35%34%35%35%35%34%32%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

76.4m109.6m124.4m134.5m156.9m113.8m113.6m100.9m

Accounts Receivable

88.3m89.6m56.9m54.6m62.6m70.6m79.5m

Prepaid Expenses

11.4m9.8m15.4m

Inventories

92.5m81.8m28.7m36.6m43.5m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

75.1m89.2m84.4m83.0m88.6m109.4m86.0m96.7m119.0m127.2m130.9m138.3m146.8m150.8m131.0m119.9m114.4m121.8m107.8m116.2m121.4m102.9m103.8m100.7m105.6m101.2m

Accounts Receivable

87.8m90.3m89.9m90.6m81.0m93.7m93.9m61.1m63.1m67.1m63.0m59.2m64.8m62.1m62.4m63.0m66.7m64.9m69.9m75.6m79.0m82.3m84.9m80.8m

Prepaid Expenses

23.9m22.1m26.8m24.1m24.5m29.7m29.0m16.7m16.8m17.6m

Inventories

88.6m91.4m92.1m78.7m75.0m82.1m85.2m28.4m29.9m28.6m30.4m27.0m26.1m26.0m29.2m31.0m36.1m35.3m37.9m41.7m42.0m42.5m43.2m45.4m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

21.0m20.3m26.5m7.0m34.4m14.4m46.5m

Depreciation and Amortization

17.5m19.6m21.2m17.0m16.3m19.0m20.7m22.5m

Inventories

(16.1m)18.8m(2.5m)3.4m2.2m(2.3m)(5.4m)(7.5m)

Accounts Payable

3.2m(17.5m)4.7m(2.7m)(5.1m)537.0k5.4m5.1m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

2.3m5.6m11.5m3.6m(7.8m)(948.0k)5.1m6.4m8.1m6.3m19.1m(4.8m)7.9m14.5m3.7m8.5m18.5m28.1m11.5m18.8m29.0m11.4m23.4m26.1m

Depreciation and Amortization

4.8m9.6m14.6m5.9m11.4m16.7m9.7m15.1m5.5m11.0m16.3m5.9m11.9m18.0m

Inventories

2.9m15.3m19.5m(28.0k)(3.8m)(3.0m)(4.7m)(4.3m)(788.0k)(5.3m)(6.0m)1.1m360.0k1.9m

Accounts Payable

(15.6m)(24.0m)(38.2m)(8.4m)(3.2m)33.0k45.7m39.5m44.0m41.7m43.3m41.9m1.6m3.2m2.9m4.8m4.8m1.3m(1.6m)(3.5m)
USDY, 2019

EV/EBIT

102.1 x

EV/CFO

25.4 x

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.6 x
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CTS Operating Metrics

FY, 2014FY, 2015FY, 2016

Patents (Foreign)

153 133 118

Patents (US)

159 155 167

Trademarks (Foreign)

25 22 20

Trademarks (US)

10 10 10
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CTS Revenue Breakdown

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CTS revenue breakdown by geographic segment: 67.9% from United States, 15.7% from China, 8.2% from Czech Republic, 6.9% from Other non-U.S. and 1.3% from Other

CTS Online and Social Media Presence

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CTS News and Updates

CTS Announces Third Quarter 2019 Results

Despite challenging market, stronger new business wins and progress on end market diversification Despite challenging market, stronger new business wins and progress on end market diversification

6th CTS activates new TACP training detachment

Capt. Daniel Hill, 6th Combat Training Squadron, Detachment 2 incoming commander, addresses the audience during the activation and assumption of command ceremony for the formal training unit at Joint Base San Antonio-Medina Annex, Texas, Sept.read more

CTS Acquires Industry Leader in Temperature Sensors

LISLE, Ill., July 31, 2019 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) has announced the acquisition of Quality Thermistor, Inc. (QTI) for $75 million in cash and an earn out of up to five million dollars on meeting pre-defined performance objectives. QTI, doing business as QTI Sensing Solutio…

CTS Corporation Announces Dates for Second Quarter Earnings Release and Conference Call

LISLE, Ill., July 16, 2019 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) will release earnings for the second quarter at approximately 8:00 a.m. (EDT) on Thursday, July 25, 2019. 

CTS Corporation Announces Dates for First Quarter  Earnings Release and Conference Call

LISLE, Ill., April 15, 2019 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) will release earnings for the first quarter at approximately 8:00 a.m. (EDT) on Thursday, April 25, 2019. 
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CTS Blogs

CTS Releases New VR Series Panel Potentiometers

CTS Releases New VR Series Panel Potentiometers Lisle, IL – CTS Corporation (NYSE: CTS) has announced the release of the new VR Series family of panel potentiometers for use in a variety of applications in a wide variety of markets from… Read More » The post CTS Releases New VR Series Panel Potentio…

Low Jitter Differential Clock Oscillator – Product Expansion

Lisle, IL – CTS Corporation (NYSE: CTS) announces two new performance options to its low jitter differential clock oscillator models; Model 633, Model 653 and Model 637.  An extended temperature range covering -40°C to +105°C has been added, targeting applications… Read More » The post Low Jitter Di…

CTS at IMS in Boston June 3rd – 6th

CTS Corporation will be at the International Microwave Symposium (IMS) in Boston MA from June 3rd – 6th.  CTS is a leading provider in frequency control products as well as radio frequency products. You can find us at booth 312… Read More » The post CTS at IMS in Boston June 3rd – 6th appeared first…

CTS to Present at Baird’s Global Consumer, Technology & Services Conference

Lisle, Ill. – CTS Corporation (NYSE: CTS) will be presenting at the Baird’s 2019 Global Consumer, Technology & Services Conference on June 5, 2019 at 2:35 p.m. (EDT) in New York City. Additional information about the conference is available at www.bairdconferences.com.… Read More » The post CTS …

CTS Announces Release of Small Packaged Differential Clock Oscillator

Small Packaged Differential Clock Oscillator Lisle, IL – CTS Corporation (NYSE: CTS) announces the release of Model 626, a high frequency low jitter clock oscillator, housed in a very small hermetically sealed ceramic package [2.5mmx2.0mm].  M626 features clock rates between 6MHz… Read More » The po…

CTS Corporation Announces Dates for First Quarter Earnings Release and Conference Call

Lisle, Ill. – CTS Corporation (NYSE: CTS) will release earnings for the first quarter at approximately 8:00 a.m. (EST) on Thursday, April 25, 2019. A conference call to discuss first quarter results with management is scheduled for Thursday, April 25, 2019… Read More » The post CTS Corporation Annou…
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CTS Frequently Asked Questions

  • When was CTS founded?

    CTS was founded in 1896.

  • Who are CTS key executives?

    CTS's key executives are Kieran OSullivan, Patricia K. Collawn and Gordon Hunter.

  • How many employees does CTS have?

    CTS has 3,230 employees.

  • What is CTS revenue?

    Latest CTS annual revenue is $470.5 m.

  • What is CTS revenue per employee?

    Latest CTS revenue per employee is $145.7 k.

  • Who are CTS competitors?

    Competitors of CTS include Semtech, Northrop Grumman Innovation Systems and Kemet.

  • Where is CTS headquarters?

    CTS headquarters is located at 4925 Indiana Ave, Lisle.

  • Where are CTS offices?

    CTS has offices in Lisle, Albuquerque, Bolingbrook, Elkhart and in 15 other locations.

  • How many offices does CTS have?

    CTS has 21 offices.