CTS Corp. (CTS) Reports In-Line Q1 EPS
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CTS Announces First Quarter 2015 Results
April 27, 2015 4:35 PM EDT1Q 2015 Earnings on Track; Strong New Business Awards;
Expands Share Buyback Program
ELKHART, Ind.--(BUSINESS WIRE)-- CTS Corporation (NYSE: CTS) announced 1st quarter 2015 results.
Sales were $98.3 million, down 2.4% compared to the first quarter of 2014, driven primarily by an unfavorable currency impact of $2.3 million as the US Dollar appreciated against the Euro and Chinese Renminbi. GAAP earnings were $6.3 million, or $0.19 per diluted share, compared to $5.1 million, or $0.15 per diluted share from continuing operations in the first quarter of 2014.... More