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Dec 31, 2024
CTS Q4 2024 Earnings Report
CTS Corporation announced fourth quarter and full-year 2024 results, demonstrating continued diversification and solid profitability improvements.
Key Takeaways
CTS Corporation reported a 2% increase in sales year-over-year for Q4 2024, reaching $127 million, driven by a 28% increase in diversified end-markets, while the transportation end-market saw an 18% decrease. Net income was $14 million, with earnings per diluted share at $0.45 and adjusted earnings per diluted share at $0.53. The SyQwest acquisition contributed $11 million in revenue during the quarter.
Sales increased by 2% year-over-year, reaching $127 million.
Diversified end-markets experienced a 28% increase in sales year-over-year.
Net income was $14 million, representing 11% of sales.
Adjusted earnings per diluted share increased to $0.53, up from $0.47 in Q4 2023.
Revenue by Segment
Forward Guidance
CTS expects full-year 2025 sales to be in the range of $520-$550 million and adjusted diluted EPS to be in the range of $2.20-$2.35.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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