NYSE$CTS

CTS Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

CTS's first quarter results for 2020 were announced, revealing a decrease in sales but an increase in free cash flow.

CTS Corporation reported a decrease in sales by 12.4% year-over-year, with sales totaling $103.1 million. Net earnings decreased to $3.8 million, with adjusted diluted EPS at $0.19. Free cash flow increased to $7.4 million, and the company reported new business wins of $105 million.

  • Sales decreased by 12.4% year-over-year, totaling $103.1 million.
  • Net earnings were $3.8 million, or $0.12 per diluted share.
  • Adjusted diluted EPS was $0.19, compared to $0.39 in the first quarter of 2019.
  • Free cash flow increased to $7.4 million from $4.3 million in the previous year.

Headline financials

Total Revenue

$103M

Previous: $118M-12.4%
EPS (adj)

$0.19

Previous: $0.39-51.3%
Free Cash Flow

$3.81M

Previous: $11.4M-66.7%
Net Income

$3.81M

Previous: $11.4M-66.7%
Operating Income

$8.49M

Previous: $14.2M-40.3%
Gross Profit

$32.9M

Previous: $40.6M-19.0%
Cash & Equivalents

$151M

Previous: $101M+49.9%
Total Assets

$685M

Previous: $574M+19.4%

Revenue & EPS history

CTS · Revenue · Quarterly

$103M

Q1 2020-12.4%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Due to ongoing market uncertainties, management has withdrawn its guidance for 2020, and is not providing updated guidance at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.5%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+3.5%

Avg return

30 days after

61%

40 / 66 earnings

Positive

+11.2%

Q1 2016

Best reaction

-17.4%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%+4.1%+17.5%
Q4 2025+3.1%+3.4%-15.8%
Q3 2025-4.4%-2.2%+0.3%
Q2 2025-2.4%-2.3%-2.1%
Q1 2025-4.5%-2.2%+2.0%
Q4 2024-4.5%-5.7%-12.2%
Q3 2024+4.6%+5.4%+11.9%
Q2 2024-5.5%-11.0%-5.3%
Q1 2024+6.0%+8.7%+15.7%
Q4 2023+2.7%+10.0%+8.2%
Q3 2023-4.2%-2.3%+3.8%
Q2 2023+1.0%+1.0%+5.5%
Q1 2023-6.5%-3.7%+9.4%
Q4 2022-7.1%-2.1%-5.2%
Q3 2022-13.5%-10.2%-4.5%
Q2 2022+1.7%+7.5%+15.9%
Q1 2022+8.5%+11.7%+24.3%
Q4 2021+5.0%+4.0%+8.1%
Q3 2021+11.1%+14.4%+12.1%
Q2 2021+1.0%+3.0%+1.6%
Q1 2021+2.4%+0.2%+20.4%
Q4 2020-2.8%-2.1%+0.1%
Q3 2020+8.3%+12.0%+22.6%
Q2 2020-0.2%+0.9%+3.4%
Q1 2020+1.1%+8.9%-4.2%
Q4 2019+3.0%-1.2%-16.6%
Q3 2019-17.4%-19.5%-20.4%
Q2 2019+5.8%+6.5%-7.8%
Q1 2019-3.6%-3.8%-11.9%
Q4 2018+2.7%+1.8%+6.2%
Q3 2018-0.3%-2.8%+4.5%
Q2 2018-3.3%-4.5%-4.7%
Q1 2018+2.8%+3.5%+11.2%
Q4 2017+0.6%-2.8%+0.9%
Q3 2017+5.7%+7.3%+8.9%
Q2 2017+1.6%+2.1%+1.4%
Q1 2017+3.5%+0.9%-2.3%
Q4 2016+6.6%+9.5%+0.9%
Q3 2016+10.6%+9.4%+36.8%
Q2 2016-1.1%-1.7%-1.6%
Q1 2016+11.2%
Q4 2015-4.3%
Q3 2015-13.5%
Q2 2015-0.6%
Q1 2015+3.5%
Q4 2014+0.5%
Q3 2014+7.3%
Q2 2014+1.2%
Q1 2014-8.1%
Q4 2013+7.2%
Q3 2013+3.9%
Q2 2013-1.7%
Q1 2013+7.4%
Q4 2012-4.4%
Q3 2012-3.0%
Q2 2012-4.9%
Q1 2011+1.1%
Q1 2012+0.6%
Q4 2009-2.0%
Q4 2011-2.0%
Q3 2010+1.7%
Q3 2011+1.7%
Q2 2011+3.0%
Q2 2010+3.0%
Q4 2010+3.0%
Q1 2010+4.7%

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