CTS Corp. (CTS) Tops Q1 EPS by 2c, Revenues Beat; Offers FY19 EPS Guidance Above Consensus, FY19 Revenue Outook Below Consensus

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CTS Announces First Quarter 2019 Results

April 25, 2019 8:02 AM EDT

LISLE, Ill., April 25, 2019 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced first quarter 2019 results.

Sales were $117.6 million, up 3.6% year-over-year. Sales to the transportation end market increased 6.1%, and sales to other end markets decreased 1.1%.Net earnings were $11.4 million or $0.34 per diluted share, compared to $11.5 million or $0.34 in the first quarter of 2018.Adjusted EPS was $0.39 per diluted share, up from $0.34 in the first quarter of 2018.Total Booked Business was $1.865 billion at the end of the first quarter of 2019.

We delivered steady... More