NYSE$CTS
CTS Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
CTS delivered strong results driven by diversification strategy and strength in non-transportation end markets.
CTS Corporation announced strong third quarter results with a 24% increase in revenue and expansion of Adjusted EBITDA margin by 60-basis points. The company's diversification into non-transportation end markets contributed to the positive performance.
- Revenue increased by 24% year-over-year.
- Net income was $11.8 million, or $0.37 per diluted share.
- Adjusted diluted EPS was $0.62, up from $0.46 in the third quarter of 2021.
- Adjusted EBITDA margin was 22.3% compared to 21.7% in the third quarter of 2021.
Headline financials
Revenue & EPS history
CTS · Revenue · Quarterly
$152M
Revenue by segment
CTS · $39M total across 1 segment · Q3 2022
- Transportation$39M-36.3%100.0%
Forward guidance
CTS expects full year 2022 sales to be in the range of $585 – $595 million and adjusted diluted EPS in the range of $2.40 – $2.55.
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 Q3 2022
+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
| Quarter | Report date | Reaction (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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