CTS Corp. (CTS) Tops Q1 EPS by 4c

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Go back to CTS Corp. (CTS) Tops Q1 EPS by 4c

CTS Announces First Quarter 2018 Results

April 26, 2018 8:00 AM EDT

LISLE, Ill., April 26, 2018 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced first quarter 2018 results.

Sales were $113.5 million, up 13.4% year-over-year. Sales to automotive customers increased 11.9%, and sales of electronic components increased 16.2%. The Noliac acquisition, completed in May 2017, added $2.6 million of sales in the first quarter of 2018.Net earnings were $11.5 million or $0.34 per diluted share compared to $8.5 million or $0.25 per diluted share in the first quarter of 2017.Adjusted EPS was $0.34 per diluted share, up 31% from $0.26 in... More