CTS Corporation

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. CTS focuses on providing advanced technology, exceptional customer service and superior value to industry partners throughout the globe. CTS aims to be at the forefront of technology, delivering innovative sensing, connectivity and motion solutions for the creation and advancement of products and services around the world. 

Company Growth (employees)
Type
Public
HQ
Elkhart, US
Founded
1896
Size (employees)
2,796 (est)
CTS Corporation was founded in 1896 and is headquartered in Elkhart, US

Key People at CTS Corporation

Kieran O’Sullivan

Kieran O’Sullivan

President, Chief Executive Officer and Chairman of the Board

CTS Corporation Office Locations

CTS Corporation has offices in Elkhart, Albuquerque, Malden, Farmington Hills and in 15 other locations
Elkhart, US (HQ)
1142 W Beardsley Ave
Praha, CZ
Bavorská 6
Ostrava, CZ
872 Na Rovince
Hradec Králové, CZ
Okružní 1144
Bolingbrook, US
479 Quadrangle Dr, Suite E
Zhongshan, CN
East Dongzhen Road Yat-Sen Science & Technology Park Torch Hi-Tech Industrial Development Zone

CTS Corporation Data and Metrics

CTS Corporation Financial Metrics

CTS Corporation's revenue was reported to be $100.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

100.2 m

Gross profit (Q1, 2017)

34.2 m

Gross profit margin (Q1, 2017), %

34%

Net income (Q1, 2017)

8.5 m

EBIT (Q1, 2017)

12.2 m

Market capitalization (15-Aug-2017)

745.4 m

Cash (31-Mar-2017)

121.8 m
CTS Corporation's current market capitalization is $745.4 m.
USDY, 2013FY, 2014FY, 2015FY, 2016

Revenue

409.5 m404 m382.3 m396.7 m

Revenue growth, %

(1%)(5%)4%

Cost of goods sold

288.1 m274.1 m255.2 m256.3 m

Gross profit

121.4 m130 m127.1 m140.4 m

Gross profit Margin, %

30%32%33%35%

R&D expense

24 m

General and administrative expense

61.6 m

Operating expense total

85.7 m

EBIT

17.7 m42.3 m18.1 m63.2 m

EBIT margin, %

4%10%5%16%

Interest expense

3.3 m2.3 m2.6 m3.7 m

Interest income

1.9 m2.8 m3.1 m1.3 m

Pre tax profit

39.3 m12.3 m57.2 m

Income tax expense

12.8 m5.3 m22.9 m

Net Income

26.5 m7 m34.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

103 m100 m98.3 m100.1 m96.7 m98.7 m99.7 m100.2 m

Cost of goods sold

69.2 m67.5 m66.2 m66.7 m63.2 m64.2 m63.1 m65.9 m

Gross profit

33.8 m32.5 m32.1 m33.4 m33.5 m34.5 m36.6 m34.2 m

Gross profit Margin, %

33%33%33%33%35%35%37%34%

R&D expense

5.3 m5.8 m5.2 m5.5 m6.2 m6 m6.3 m6 m

General and administrative expense

15.8 m13.9 m15.7 m15.2 m14.9 m15.8 m16 m15.2 m

Operating expense total

21.1 m19.7 m20.9 m20.7 m21 m21.7 m22.3 m21.2 m

EBIT

9.9 m11.2 m10.5 m10.5 m24.1 m12.5 m12.2 m

EBIT margin, %

10%11%11%11%24%13%12%

Interest expense

(582 k)(568 k)(588 k)(653 k)(820 k)(1 m)(917 k)(684 k)

Interest income

688 k707 k788 k853 k547 k331 k203 k253 k

Pre tax profit

9.6 m11.9 m9 m10.9 m12 m22.2 m12.2 m

Income tax expense

3.3 m3.8 m2.7 m(8.2 m)4.1 m7.7 m8 m3.7 m

Net Income

6.4 m8.1 m6.3 m19.1 m(4.8 m)7.9 m14.5 m3.7 m8.5 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

124.4 m134.5 m156.9 m113.8 m

Accounts Receivable

56.9 m54.6 m62.6 m

Inventories

28.7 m

Current Assets

236.3 m240.4 m252 m215.7 m

PP&E

71.4 m69.9 m82.1 m

Goodwill

32 m33.9 m61.7 m

Total Assets

480.3 m456.9 m484.1 m517.7 m

Accounts Payable

47.1 m43.3 m40.3 m40 m

Total Debt

89.1 m

Current Liabilities

95.1 m80 m101.4 m98.1 m

Total Liabilities

199.8 m

Common Stock

299.9 m300.9 m302.8 m

Retained Earnings

359 m380.1 m381.8 m411 m

Total Equity

296.7 m289.8 m281.7 m317.9 m

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0.2 x

Financial Leverage

1.6 x1.6 x1.7 x1.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

127.2 m130.9 m138.3 m146.8 m150.8 m131 m119.9 m114.4 m121.8 m

Accounts Receivable

61.1 m63.1 m67.1 m63 m59.2 m64.8 m62.1 m62.4 m63 m

Inventories

28.4 m29.9 m28.6 m30.4 m27 m26.1 m26 m29.2 m31 m

Current Assets

235.6 m244.5 m254.7 m261.7 m257.7 m235.7 m220.5 m216.8 m227.2 m

PP&E

74.4 m74.2 m77.5 m77 m79.3 m83.3 m

Goodwill

32 m32 m32 m32 m32 m67 m61.7 m61.7 m61.7 m

Total Assets

479.6 m488.8 m471.2 m489.3 m488.7 m540.3 m519.8 m513.6 m527.7 m

Accounts Payable

43.7 m45.4 m44.2 m45.7 m39.5 m44 m41.7 m43.3 m41.9 m

Current Liabilities

85.3 m84.3 m82.9 m83.5 m91.6 m100.5 m97.1 m101.1 m93 m

Common Stock

299.7 m299.8 m300.7 m300.9 m300.9 m302.1 m302.1 m302.2 m303.7 m

Retained Earnings

367.7 m374.5 m385.1 m402.9 m396.8 m388.4 m401.6 m404 m418.1 m

Total Equity

305.2 m311.5 m293.1 m305.5 m295.6 m288.2 m302.6 m306.3 m326.1 m

Financial Leverage

1.6 x1.6 x1.6 x1.6 x1.7 x1.9 x1.7 x1.7 x1.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

26.5 m7 m34.4 m

Depreciation and Amortization

21.2 m17 m16.3 m19 m

Accounts Receivable

(6.1 m)4.4 m1 m(7.1 m)

Inventories

(2.5 m)3.4 m2.2 m(2.3 m)

Accounts Payable

4.7 m(2.7 m)(5.1 m)537 k

Cash From Operating Activities

37.6 m32.4 m38.6 m47.2 m

Capital Expenditures

(14 m)(12.9 m)(9.7 m)(20.5 m)

Cash From Investing Activities

62.8 m(8 m)(9.1 m)(81.3 m)

Long-term Borrowings

(3.9 b)(1 b)(1.3 b)(2.5 b)

Dividends Paid

(4.9 m)(5.4 m)(5.3 m)(5.2 m)

Cash From Financing Activities

(86.6 m)(15 m)(7.3 m)(8.6 m)

Interest Paid

3.1 m2.1 m2.4 m2.9 m

Income Taxes Paid

8 m6.8 m10.5 m

Free Cash Flow

51.6 m45.4 m48.3 m26.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

6.4 m8.1 m6.3 m19.1 m(4.8 m)7.9 m14.5 m3.7 m8.5 m

Accounts Receivable

63 m59.2 m64.8 m62.1 m62.4 m63 m

Accounts Payable

45.7 m39.5 m44 m41.7 m43.3 m41.9 m
USDY, 2017

Revenue/Employee

35.8 k

Financial Leverage

1.6 x

CTS Corporation Operating Metrics

FY, 2014FY, 2015FY, 2016

Patents (US)

159155167

Patents (foreign)

153133118

Trademarks (US)

101010

Trademarks (foreign)

252220

    CTS Corporation Market Value History

    Traffic Overview of CTS Corporation

    CTS Corporation Online and Social Media Presence

    CTS Corporation Company Life and Culture

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