Key Developments: CTS Corp (CTS)

CTS on New York Consolidated

17.91USD
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

CTS Corp Announces 14% Dividend Increase
Tuesday, 5 Nov 2013 12:42pm EST 

CTS Corporation announced that its Board of Directors approved a 14% increase of its quarterly cash dividend from $0.035 per share to $0.04 per share. The next quarterly dividend is payable on January 31, 2014 to shareholders of record at the close of business on December 27, 2013.  Full Article

CTS Corp Updates On FY 2013 Revenue Guidance; Reaffirms FY 2013 EPS Guidance
Monday, 28 Oct 2013 04:57pm EDT 

CTS Corp announced that for fiscal 2013, it expects sales to be in the range of $555 million to $560 million reflecting the October 2, 2013 EMS divestiture. The Company is maintaining the fiscal 2013 adjusted earnings per share (EPS) guidance in the range of $0.78 to $0.83 per share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $559 million for fiscal 2013.  Full Article

CTS Corp Announces Sale Of EMS Business To Benchmark Electronics, Inc
Thursday, 3 Oct 2013 07:00am EDT 

CTS Corp announced that it has entered into a definitive agreement with Benchmark Electronics, Inc. under which Benchmark has acquired CTS` Electronics Manufacturing Solutions (EMS) business for $75 million in cash. Included are five manufacturing facilities located in Moorpark, CA, Londonderry, NH, Bangkok, Thailand, Matamoros, Mexico, and San Jose, CA and approximately 1,000 employees. The transaction sharpens CTS` focus on its Components and Sensors business, and provides additional capital to drive growth and enhance shareholder value.  Full Article

CTS Corp Declares Quarterly Dividend
Wednesday, 28 Aug 2013 02:45pm EDT 

CTS Corp announced that the third quarter dividend of $0.035 per share, payable November 1, 2013, to shareholders of record at the close of business on September 27, 2013.  Full Article

CTS Corp Lowers FY 2013 Revenue Guidance; Reaffirms FY 2013 EPS Guidance
Monday, 22 Jul 2013 05:30pm EDT 

CTS Corp announced that it is lowering fiscal 2013 sales guidance to a 6% to 8%, compared to prior range of the low end of 12% to 15%, primarily due to softness at EMS and maintaining fiscal 2013 adjusted earnings per share in the range of $0.78 to $0.83 per share, which excludes tax expense on cash repatriation, restructuring and related costs and CEO transition costs. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $628 million and EPS of $0.80 for fiscal 2013.  Full Article

CTS Corp Declares Quarterly Dividend
Wednesday, 22 May 2013 01:07pm EDT 

CTS Corp announced that second quarter dividend of $0.035 per share, payable August 2, 2013, to shareholders of record at the close of business on June 28, 2013.  Full Article

CTS Corp Reaffirms FY 2013 EPS Guidance
Tuesday, 23 Apr 2013 04:33pm EDT 

CTS Corp announced that for fiscal 2013, it expects earnings per share to be in the range of $0.73 to $0.78. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.77 for fiscal 2013.  Full Article

CTS Corp Declares Quarterly Dividend
Wednesday, 13 Mar 2013 12:23pm EDT 

CTS Corp announced the first quarter dividend of $0.035 per share, payable May 3, 2013, to shareholders of record at the close of business on March 28, 2013.  Full Article

CTS Corp Comments On FY 2013 Revenue Guidance; Issues FY 2013 EPS Guidance Below Analysts' Estimates
Monday, 28 Jan 2013 04:30pm EST 

CTS Corp announced that for fiscal 2013, it expects sales to increase in the range of 12% to 15% over fiscal 2012 and diluted earnings per share to be in the range of $0.73 to $0.78. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.84 for fiscal 2013.  Full Article

CTS Corp's CTS Electronics Manufacturing Solutions, Inc. Announces Manufacturing Agreement With Qualstar Corporation
Friday, 4 Jan 2013 08:30am EST 

CTS Corp's CTS Electronics Manufacturing Solutions, Inc. announced that it has entered into a manufacturing and supply agreement with Qualstar Corporation, for the automotive, communications, medical, industrial, defense, aerospace and computer markets. Under the agreement, CTS will provide turn-key manufacturing services to Qualstar, including the purchase of existing inventory and ongoing inventory management. CTS will manufacture all of Qualstar's RLS and XLS tape library products and related assemblies at Moorpark, CA facility. Qualstar has already begun the process of transitioning production of library products to CTS, and over time may also convert production of certain of N2Power products to CTS, as well as service and logistical activities to help support Qualstar's growing international customer base.  Full Article

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