CTS Corp. (CTS) Tops Q3 EPS by 2c
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CTS Announces Third Quarter 2017 Results
October 26, 2017 8:00 AM EDTRobust sales and earnings growth
LISLE, Ill.--(BUSINESS WIRE)-- CTS Corporation (NYSE: CTS) today announced third quarter 2017 results.
Sales were $106.2 million, up 6.6% year-over-year. Sales to automotive customers increased 5.8%, and sales of electronic components increased 7.9%. The Noliac acquisition, completed in May 2017, added $2.6 million of sales in the third quarter of 2017. Net earnings were $9.6 million or $0.29 per diluted share compared to $3.7 million or $0.11 per diluted share in the third quarter of 2016. Adjusted EPS was $0.31 per diluted share, up 11% from... More