CTS Corp. (CTS) Misses Q4 EPS by 1c, Revenues Beat; Offers FY19 EPS/Revenue Guidance

CTS Corp. (NYSE: CTS) reported Q4 EPS of $0.41, $0.01 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $120.1 million versus the consensus estimate of $119.11 million.

• Sales were $120.1 million, up 8.3% year-over-year. Sales to transportation customers increased 7.2%, and sales to other end markets grew 10.2%.
• Net earnings were $17.6 million or $0.52 per diluted share.
• Adjusted diluted EPS was $0.41 compared to $0.39 in the fourth quarter of 2017.

“We are pleased with our progress in several areas as we transition our business and systems,” said Kieran O’Sullivan, CEO of CTS Corporation. “We are focused on carrying our momentum to continue elevating our performance in the years ahead. We expect growth in medical, telecom, and defense end markets, and remain cautious on industrial and transportation end markets.”

GUIDANCE:

CTS Corp. sees FY2019 EPS of $1.50-$1.70, versus the consensus of $1.62. CTS Corp. sees FY2019 revenue of $460-500 million, versus the consensus of $479.85 million.

For earnings history and earnings-related data on CTS Corp. (CTS) click here.

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