CTS Corp. (CTS) Misses Q4 EPS by 5c
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CTS Announces Fourth Quarter and Full Year 2015 Results
February 8, 2016 8:00 AM ESTSignificant growth in 2015 new business awards
Strong gross margin performance on lower sales
ELKHART, Ind.--(BUSINESS WIRE)-- CTS Corporation (NYSE: CTS) today announced fourth quarter and full year 2015 results.
Fourth Quarter 2015 Results
Sales were $93.3 million, up 2.9% from the third quarter 2015. Fourth quarter sales to automotive customers increased 2.6%, and sales of electronic components were up 3.7% from the third quarter of 2015. Sales were down 7.1% compared to the fourth quarter of 2014. GAAP loss was $13.7 million or... More