CTS Corp. (CTS) Tops Q4 EPS by 10c, Revenues Beat; Offers FY21 EPS

CTS Corp. (NYSE: CTS) reported Q4 EPS of $0.43, $0.10 better than the analyst estimate of $0.33. Revenue for the quarter came in at $123 million versus the consensus estimate of $117.02 million.

“We saw strength in most end markets and executed well to deliver solid financial results in the fourth quarter,” said Kieran O’Sullivan, CEO of CTS Corporation. “We are making progress on our Focus 2025 strategic initiative, including a target of 10% annualized revenue growth. The recent SSI acquisition strengthens our position with medical customers and advances our end market diversification.”

GUIDANCE:

CTS Corp. sees FY2021 EPS of $1.20-$1.60, versus the consensus of $1.41.

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

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