CTS Corp. (CTS) says virus is having material unfavorable impact on first quarter results
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COVID-19 Update by CTS Corporation
March 5, 2020 8:01 AM ESTLISLE, Ill., March 05, 2020 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) announced today that as a result of the COVID-19 outbreak the Company is assessing the impact on its full year 2020 sales and adjusted diluted EPS guidance provided on February 4, 2020. The outbreak is having a material unfavorable impact on our first quarter results. The situation continues to evolve, and we are currently unable to quantify the full year financial impact.
Our teams at our China facilities are diligently working to get back to normal operations. However, the potential impact... More
