NYSE$CTS

CTS Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

CTS announced results for a challenging market in Q4 2019.

CTS Corporation reported Q4 2019 sales of $115.0 million, a 4.2% decrease year-over-year. Net earnings were $10.1 million, or $0.31 per diluted share, compared to $17.6 million, or $0.52 last year. Adjusted diluted EPS was $0.37, down from $0.41 in Q4 2018.

  • Sales decreased by 4.2% year-over-year, totaling $115.0 million.
  • Net earnings were $10.1 million, or $0.31 per diluted share.
  • Adjusted diluted EPS was $0.37, a decrease from $0.41 in the same quarter last year.
  • Sales to transportation customers declined 11.0%, while sales to other end markets increased 7.9%.

Headline financials

Total Revenue

$115M

Previous: $120M-4.2%
EPS (adj)

$0.37

Previous: $0.41-9.8%
Net Income

$10.1M

Previous: $17.6M-42.7%
Operating Income

$12.4M

Previous: $17M-27.2%
Gross Profit

$38.7M

Previous: $42.6M-9.3%
Cash & Equivalents

$100M

Previous: $101M-0.7%
Total Assets

$643M

Previous: $548M+17.3%

Revenue & EPS history

CTS · Revenue · Quarterly

$115M

Q4 2019-4.2%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Full year 2020 sales are expected to be in the range of $450 to $480 million. Adjusted earnings per diluted share for 2020 are expected to be in the range of $1.35 to $1.60.

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 Q4 2019

Historical avgQ4 2019

+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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