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Market commentary Jul 2023 Verified

CTS Targets 10% CAGR with M&A as a Key Component

CTS Corporation has a long-term target of 10% revenue CAGR, driven by both organic and inorganic growth. The company's capital allocation framework prioritizes strategic M&A, allocating 60-80% of free cash flow to acquisitions.

“Long term target +10% CAGR”

Entities

CTS Corp · Acquirer
HVACOther Sentiment: Positive

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