CTS Corp. (CTS) Tops Q2 EPS by 4c, Beats on Revenues; Boosts FY18 EPS/Revenue Guidance Above Consensus
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CTS Announces Second Quarter 2018 Results
July 26, 2018 8:08 AM EDTLISLE, Ill., July 26, 2018 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced second quarter 2018 results.
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 share, down from $10.0 million or $0.30 per diluted share in the second quarter of 2017, impacted by currency changes and certain discrete tax items.Adjusted EPS was $0.39 per diluted share, up from $0.28 in the second quarter of 2017.Total Booked Business was $1.8 billion at the end... More