Last10K.com

Cts Corp (CTS) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Cts Corp

CIK: 26058 Ticker: CTS


ctslogoa15.jpg
 

Press Release
 
 
 
October 25, 2018
 
FOR IMMEDIATE RELEASE

CTS Announces Third Quarter 2018 Results
Strong sales and earnings
Lisle, Ill. - CTS Corporation (NYSE: CTS) today announced third quarter 2018 results.
Sales were $118.9 million, up 11.9% year-over-year. Sales to transportation customers increased 9.6%, and sales of electronic components increased 15.9%.
Net earnings were $10.2 million or $0.30 per diluted share, up from $9.6 million or $0.29 per diluted share in the third quarter of 2017.
Adjusted EPS was $0.39 per diluted share, up from $0.31 in the third quarter of 2017.
Total Booked Business was $1.832 billion at the end of the third quarter of 2018, an increase of $32 million from the second quarter of 2018.
“We are pleased to see continued improvement in our performance,” said Kieran O’Sullivan, CEO of CTS Corporation. “Our strategic goal to diversify and expand regionally is gaining traction, and we are delivering strong sales growth in several of our non-transportation end markets.”
2018 Guidance
Management is increasing full year guidance. 2018 sales are expected to be in the range of $465 to $470 million, up from $450 to $465 million. Adjusted earnings per diluted share for 2018 are expected to be in the range of $1.49 to $1.56, up from $1.40 to $1.55.
Conference Call
As previously announced, the Company has scheduled a conference call at 11:00 a.m. (EDT) today to discuss the third quarter financial results. The dial-in number is 866-519-2796 (323-794-2095, if calling from outside the U.S.). The passcode is 785028. There will be a replay of the conference call from 2:00 p.m. (EDT) today through 2:00 p.m. (EDT) on Thursday, November 8, 2018. The telephone number for the replay is 888-203-1112 (719-457-0820, if calling from outside the U.S.). The replay passcode is 8989573. A live audio webcast of the conference call will be available and can be accessed directly from the Investors section of the website of CTS Corporation at www.ctscorp.com.



www.ctscorp.com


The following information was filed by Cts Corp (CTS) on Thursday, October 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Cts Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Cts Corp.

Continue

Assess how Cts Corp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Cts Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets - Unaudited
Condensed Consolidated Statements Of Cash Flows - Unaudited
Condensed Consolidated Statements Of Comprehensive Earnings - Unaudited
Consolidated Statements Of Earnings - Unaudited
Accounts Receivable
Accounts Receivable (Tables)
Accounts Receivable - Components Of Accounts Receivable (Details)
Accrued Liabilities
Accrued Liabilities (Tables)
Accrued Liabilities - Components Of Accrued Liabilities (Details)
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive (Loss) Income (Tables)
Accumulated Other Comprehensive (Loss) Income - Summary Of Components Of Other Comprehensive Loss (Details)
Basis Of Presentation
Basis Of Presentation (Policies)
Business Combinations
Business Combinations - Acquisition (Details)
Business Combinations - Narratives (Details)
Contingencies
Contingencies Remediation Liability (Details)
Costs Associated With Exit And Restructuring Activities
Costs Associated With Exit And Restructuring Activities (Tables)
Costs Associated With Exit And Restructuring Activities - April 2014 Plan (Details)
Costs Associated With Exit And Restructuring Activities - Restructuring Reserve Activity (Details)
Costs Associated With Exit And Restructuring Activities - Summary (Details)
Costs Associated With Exit And Restructuring Activities Costs Associated With Exit And Restructuring Activities - June 2016 Plan (Details)
Debt
Debt (Tables)
Debt - Long-Term Debt (Details)
Debt - Narratives (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Fair Value Of Derivative Instruments (Details)
Derivative Financial Instruments - Income Statement (Details)
Derivative Financial Instruments - Narratives (Details)
Equity-Based Compensation
Equity-Based Compensation (Tables)
Equity-Based Compensation - Performance-Based Stock Options (Details)
Equity-Based Compensation - Schedule Of Performance-Based Rsus (Details)
Equity-Based Compensation - Summary Of Equity-Based Compensation Expense (Details)
Equity-Based Compensation - Summary Of Equity-Based Compensation Expense Related To Non-Vested Rsus (Details)
Equity-Based Compensation - Summary Of Service-Based Restricted Stock Units (Details)
Equity-Based Compensation - Summary Of Status Of Equity-Based Compensation Plans (Details)
Equity-Based Compensation Equity-Based Compensation - Performance And Market Based Rsus (Details)
Fair Value Measurement (Tables)
Fair Value Measurements
Fair Value Measurements - Reconciliation Of Recurring Financial Liability Related To Interest Rate Swaps (Details)
Fair Value Measurements - Summary Of Financial Liability Measured At Fair Value On A Recurring Basis (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Schedule Of Effective Income Tax Rate (Details)
Inventories
Inventories (Tables)
Inventories - Summary Of Inventories (Details)
Other Intangible Assets
Other Intangible Assets (Tables)
Other Intangible Assets - Summary Of Amortization Expense (Details)
Other Intangible Assets - Summary Of Intangible Assets (Details)
Property, Plant And Equipment
Property, Plant And Equipment (Tables)
Property, Plant And Equipment - Summary Of Property, Plant And Equipment (Details)
Retirement Plans
Retirement Plans (Tables)
Retirement Plans - Net Pension Income (Details)
Retirement Plans - Net Pension Income Domestic And Foreign (Details)
Retirement Plans - Other Postretirement Benefit Plan (Details)
Revenue Recognition (Notes)
Revenue Recognition Contract Assets And Liabilities (Details)
Revenue Recognition Contract Assets And Liabilities (Tables)
Revenue Recognition Disaggregated Revenue (Details)
Revenue Recognition Disaggregated Revenue (Tables)
Shareholders' Equity
Shareholders' Equity (Tables)
Shareholders' Equity - Additional Information (Details)
Shareholders' Equity - Summary Of Common Shares Outstanding (Details)
Shareholders' Equity - Summary Of Share Count And Par Value Data Related To Shareholders' Equity (Details)
Ticker: CTS
CIK: 26058
Form Type: 10-Q Quarterly Report
Accession Number: 0000026058-18-000092
Submitted to the SEC: Thu Oct 25 2018 12:10:46 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Printed Circuit Boards

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/cts/0000026058-18-000092.htm