NYSE$CTS
CTS Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
CTS delivered improved earnings and generated stronger cash flow due to progress on operational improvements.
CTS Corporation announced third quarter 2024 results with improved earnings and stronger cash flow. Sales were $132 million, down 2% year-over-year, but up 2% sequentially. Net income was $19 million, up from $14 million in the third quarter of 2023. The company is updating its full year 2024 sales guidance to $515 - $525 million and reiterating its adjusted diluted EPS guidance to $2.05 - $2.25.
- Sales were $132 million, a decrease of 2% year-over-year, but an increase of 2% sequentially.
- Net income reached $19 million, representing 14% of sales, an increase from $14 million in Q3 2023.
- Earnings per diluted share were $0.61, compared to $0.44 in the third quarter of 2023.
- Operating cash flow was $35 million, up from $22 million in the third quarter of 2023.
Headline financials
Revenue & EPS history
CTS · Revenue · Quarterly
$132M
Forward guidance
CTS is updating its guidance for full year 2024 sales to be in the range of $515 - $525 million and reiterating the adjusted diluted EPS guidance to be in the range of $2.05 - $2.25.
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 2024
+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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