CTS Corp. (CTS) Reports In-Line Q2 EPS; Reaffirms

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Go back to CTS Corp. (CTS) Reports In-Line Q2 EPS; Reaffirms

CTS Announces Second Quarter 2017 Results

July 27, 2017 8:00 AM EDT

Improved sales growth

LISLE, Ill.--(BUSINESS WIRE)-- CTS Corporation (NYSE: CTS) today announced second quarter 2017 results.

Sales were $105.7 million, up 7.1% year-over-year. Sales to automotive customers increased 5.6%, and sales of electronic components increased 9.9%. The Noliac acquisition, completed in May 2017, added $1.5 million of sales in the second quarter of 2017. Organic sales of electronic components increased 5.3%. Net earnings were $10.0 million or $0.30 per diluted share compared to $14.5 million or $0.44 per diluted share in the second quarter of 2016, which included a net gain on the sale of... More