CTS Announces Second Quarter 2018 Results
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CTS Corp. (CTS) Tops Q2 EPS by 4c, Beats on Revenues; Boosts FY18 EPS/Revenue Guidance Above Consensus
July 26, 2018 8:17 AM EDTCTS Corp. (NYSE: CTS) reported Q2 EPS of $0.39, $0.04 better than the analyst estimate of $0.35. Revenue for the quarter came in at $118 million versus the consensus estimate of $112.03 million.
Sales were $118.0 million, up 11.7% year-over-year, with organic growth at 10.9%. Sales to transportation customers increased 7.5%, and sales of electronic components increased 19.3%.Net earnings were $7.2 million or $0.21 per diluted... More