CTS Corp. (CTS) Tops Q4 EPS by 2c, Revenues Beat; Offers FY20 EPS/Revenue Outlook
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CTS Announces Fourth Quarter and Full Year 2019 Results
February 4, 2020 8:01 AM ESTAddressing performance in a challenging market
LISLE, Ill., Feb. 04, 2020 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced fourth quarter and full year 2019 results.
Fourth Quarter 2019 Results
Sales were $115.0 million, down 4.2% year-over-year. Sales to transportation customers declined 11.0%, and sales to other end markets grew 7.9%. The QTI acquisition added $5.6 million of sales in the fourth quarter of 2019.Net earnings were $10.1 million or $0.31 per diluted share versus $17.6 million or $0.52 last year.Adjusted diluted EPS was $0.37 compared to $0.41 in the fourth quarter of 2018.... More