Earnings Call Summary | CTS Corp(CTS.US) Q1 2024 Earnings Conference
Earnings Call Summary | CTS Corp(CTS.US) Q1 2024 Earnings Conference
The following is a summary of the CTS Corporation (CTS) Q1 2024 Earnings Call Transcript:
以下是CTS公司(CTS)2024年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
CTS Corporation reported a Q1 2024 revenue of $126 million, showing a decrease of 14% as compared to Q1 2023.
The company saw a decrease in its transportation sales by 10%, whereas non-transportation sales also declined by 17% compared to the same period last year.
There was an increase of 86 basis points in adjusted gross margins to 36.2%, mostly due to operational improvements and an increased focus on non-transportation sales.
Adjusted diluted earnings per share saw a decrease to $0.47 from the previous year's $0.61.
CTS公司報告稱,2024年第一季度收入爲1.26億美元,與2023年第一季度相比下降了14%。
與去年同期相比,該公司的運輸銷售下降了10%,而非運輸銷售額也下降了17%。
調整後的毛利率增長了86個點子至36.2%,這主要是由於運營改善和對非運輸銷售的關注度增加。
調整後的攤薄後每股收益從去年的0.61美元降至0.47美元。
Business Progress:
業務進展:
CTS Corporation's book-to-bill ratio saw an improvement to 1.07, indicating a potential recovery in the industrial end market.
Q1 2024 marked the addition of several new customers and successful projects in therapeutic ultrasound and blood analysis sectors.
Despite a slight decrease in defense sales, the company anticipates solid long-term prospects for the aerospace and defense end market.
In the transportation sector, CTS Corporation secured new product victories and added a new EV customer, with a shift in focus towards electrification.
For the full year 2024, CTS anticipates their sales to range between $530 million to $570 million, and adjusted diluted earnings per share between $2.10 to $2.35.
Plans for future growth are expected to be driven by an increase in automation, connectivity, energy efficiency, and medical innovation.
CTS公司的賬面賬單比率提高至1.07,這表明工業終端市場可能復甦。
2024年第一季度標誌着治療性超聲和血液分析領域的幾個新客戶和成功的項目。
儘管國防銷售略有下降,但該公司預計航空航天和國防終端市場的長期前景良好。
在交通領域,CTS Corporation獲得了新的產品勝利,並增加了新的電動汽車客戶,重點轉向了電氣化。
CTS預計,2024年全年的銷售額將在5.3億美元至5.7億美元之間,調整後的攤薄後每股收益將在2.10美元至2.35美元之間。
未來的增長計劃預計將由自動化、連接、能源效率和醫療創新的提高所推動。
More details: CTS Corp IR
更多詳情: CTS 公司投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。