CTS (NYSE:CTS) Full Year 2024 Results
Key Financial Results
- Revenue: US$515.8m (down 6.3% from FY 2023).
- Net income: US$58.1m (down 4.0% from FY 2023).
- Profit margin: 11% (in line with FY 2023).
- EPS: US$1.91 (down from US$1.93 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CTS Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 4.5%.
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company's shares are down 8.3% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on CTS' balance sheet health.
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