CTS Third Quarter 2024 Earnings: EPS Beats Expectations

CTS (NYSE:CTS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$132.4m (down 1.6% from 3Q 2023).
• Net income: US$18.7m (up 34% from 3Q 2023).
• Profit margin: 14% (up from 10% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.62 (up from US$0.45 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CTS EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 5.8% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on CTS' balance sheet.

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