Market commentary Jul 2024 Verified
CTS Capital Allocation Framework Emphasizes Acquisitions
CTS's capital allocation priorities allocate 60-80% of free cash flow to acquisitions, with a target leverage of 1.0-2.5x. The company has completed 9 acquisitions since 2013 and maintains a disciplined approach to M&A with ROI in excess of cost of capital.
“Acquisitions 60-80% of FCF”
Entities
CTS Corp · Acquirer
Other Sentiment: Positive
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