CTS Corp. (CTS) Reports In-Line Q3 EPS, FY Sales Challenged
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CTS Announces Third Quarter 2015 Results
October 26, 2015 4:54 PM EDTDelivers solid operating results despite soft sales
Addressing legacy environmental issue
ELKHART, Ind.--(BUSINESS WIRE)-- CTS Corporation (NYSE: CTS) today announced third quarter 2015 results.
Sales were $90.6 million, down 9.3% compared to the third quarter of 2014, driven primarily by lower volumes and unfavorable foreign exchange impact. GAAP loss was $4.8 million, or $0.15 per share, compared to earnings of $8.1 million, or $0.24 per diluted share from continuing operations in the third quarter of 2014. GAAP loss includes a non-recurring charge of $14.5 million or $0.28... More