Headquartered in Elkhart, Indiana, CTS Corporation is a designer and manufacturer of electronic components and sensors. Trading on the New York Stock Exchange (NYSE), they are also a provider of electronics manufacturing services to various clients. As part of the Diversified Electronics industry in the Technology sector, CTS Corporation has a market capitalization of $448.29 million.
Founded in 1896, and with a rich history, CTS Corporation operates their Electronic Components, Automotive Products, and Electronics Manufacturing Solutions segments. The company’s manufacturing operations, sales representatives, and distributors operate globally to serve their diverse customer base. Manufacturing operations reside in Albuquerque, New Mexico; Elkhart, Indiana; Londonderry, New Hampshire; and in Burbank, Moorpark, and Santa Clara, California, as well as Streetsville, Ontario, Canada. They also reside in Matamoros, Mexico; Glasgow, Scotland; Singapore; Bangkok, Thailand; Kaohsiung, Taiwan, and in Dongguan, and Tianjin, People’s Republic of China.
CTS’s Electronic Components segment provides customers with platform-based engineered components and modules, and related products. This segment uses the company’s processes and expertise in RF design, filtering, frequency control, electromechanical, ceramic and ball-grid array technologies, and their knowledge of customer applications. CTS’s Automotive Products segment is a global supplier of electromechanical, electronic control, and sensor products to the automotive, transportation and small engine markets.
The company’s Electronics Manufacturing Solutions segment is a turnkey provider of manufacturing solutions to electronics equipment customers. They offer their solutions to original equipment manufacturers (OEMs) who desire customized product solutions specific to their unique needs. Overall, through all three segments the company serves the automotive, computer, communications, medical, defense, aerospace, and industrial markets.
On July 29, CTS Corporation announced second quarter 2008 revenues of $186.1 million and net earnings of $10.0 million, or $0.27 per diluted share, compared to revenues of $169.6 million and net earnings of $5.9 million, or $0.15 per diluted share in the second quarter of last year. In addition, on August 6, the company’s board of directors announced a third quarter dividend of $0.03 per share. This is payable October 31, 2008 to shareholders of record at the close of business on September 26, 2008. CTS Corporation continues to sense opportunities and develop their business segments to bring greater profit for their company, employees, and shareholders alike.
Let us hear your thoughts below:
