CTS(US:CTS)2025-06-24 09:34Financial Performance - The company's sales were $469 million in 2019 [7], compared to $470.5 million in 2018 [75] and $423 million in 2017 [75] - Adjusted EBITDA was $89.5 million in 2019 [75], representing 19.1% of sales [75], compared to $92.1 million in 2018 (19.6% of sales) [75] - Adjusted diluted EPS was $1.45 in 2019 [75], compared to $1.53 in 2018 [75] and $1.23 in 2017 [75] - The company is targeting 10% annual growth through organic and inorganic strategies [62] Strategic Initiatives and Growth - Total booked business increased by 24% from $1.518 billion in December 2016 to $1.882 billion in December 2019 [64] - The company aims to expand its product range, enhance its technology portfolio, broaden its geographic reach, and strengthen customer relationships [45] - The company's strategy includes R&D investments at 5-7% of sales [68] Market and Industry Focus - Transportation accounts for 64% of sales [7], followed by Industrial at 17% [7], Aero & Defense at 9% [7], Medical at 7% [7], and Telecom & IT at 3% [7] - The company estimates a $1.9 billion serviceable addressable market (SAM) across its end markets [43] - The company anticipates a $150 million SAM by 2025 for RF Sensing for particulate filters [43] Capital Allocation - The company targets operating cash flow of 12-15% of sales [53] - The company plans to allocate 60-80% of free cash flow to acquisitions and 20-40% to return capital to shareholders through dividends and buybacks [53]