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. 

Type
Public
HQ
Elkhart, US
Founded
1896
Size (employees)
2,796 (est)
CTS Corporation was founded in 1896 and is headquartered in Elkhart, US
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Key People/Management at CTS Corporation

Kieran OSullivan

Kieran OSullivan

President, Chief Executive Officer and Chairman of the Board

CTS Corporation Office Locations

CTS Corporation has offices in Hradec Králové, Praha, Ostrava, Bolingbrook and in 15 other locations
Elkhart, US (HQ)
1142 W Beardsley Ave
Albuquerque, US
4800 Alameda Blvd NE
Bolingbrook, US
479 Quadrangle Dr, Suite E
Farmington Hills, US
30445 Northwestern Hwy, Suite 280
Hopkinton, US
75 South St
Lisle, US
2375 Cabot Dr
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CTS Corporation Financials and Metrics

CTS Corporation Financials

CTS Corporation's revenue was reported to be $396.68 m in FY, 2016 which is a 3.8% increase from the previous period.
USD

Revenue (Q1, 2018)

113.5 m

Gross profit (Q1, 2018)

38.4 m

Gross profit margin (Q1, 2018), %

33.9%

Net income (Q1, 2018)

11.5 m

EBIT (Q1, 2018)

13.4 m

Market capitalization (15-May-2018)

1 b

Closing share price (15-May-2018)

30.7

Cash (31-Mar-2018)

121.4 m

EV

964.6 m
CTS Corporation's current market capitalization is $1 b.
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

159.6 m100.7 m103 m100 m98.3 m100.1 m96.7 m98.7 m99.7 m100.2 m105.7 m106.2 m113.5 m

Cost of goods sold

122 m70.1 m69.2 m67.5 m66.2 m66.7 m63.2 m64.2 m63.1 m65.9 m69.9 m68.7 m75.1 m

Gross profit

37.5 m30.6 m33.8 m32.5 m32.1 m33.4 m33.5 m34.5 m36.6 m34.2 m35.8 m37.5 m38.4 m

Gross profit Margin, %

24%30%33%33%33%33%35%35%37%34%34%35%34%
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

96.7 m119 m127.2 m130.9 m138.3 m146.8 m150.8 m131 m119.9 m114.4 m121.8 m107.8 m116.2 m121.4 m

Accounts Receivable

61.1 m63.1 m67.1 m63 m59.2 m64.8 m62.1 m62.4 m63 m66.7 m64.9 m69.9 m

Inventories

28.4 m29.9 m28.6 m30.4 m27 m26.1 m26 m29.2 m31 m36.1 m35.3 m37.9 m

Current Assets

307.8 m231.5 m235.6 m244.5 m254.7 m261.7 m257.7 m235.7 m220.5 m216.8 m227.2 m222.6 m229.8 m242.5 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

26.5 m7 m34.4 m

Depreciation and Amortization

21.2 m17 m16.3 m19 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
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

5.1 m6.4 m8.1 m6.3 m19.1 m(4.8 m)7.9 m14.5 m3.7 m8.5 m11.5 m

Depreciation and Amortization

5.5 m

Inventories

(788 k)

Accounts Payable

45.7 m39.5 m44 m41.7 m43.3 m41.9 m2.9 m
USDY, 2018

EV/EBIT

72.2 x

EV/CFO

47.9 x

EV/FCF

72.8 x

Financial Leverage

1.5 x
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CTS Corporation Operating Metrics

FY, 2014FY, 2015FY, 2016

Patents (US)

159 155 167

Patents (foreign)

153 133 118

Trademarks (US)

10 10 10

Trademarks (foreign)

25 22 20
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