CTS Corp. (CTS) Tops Q1 EPS by 5c, Revenues Beat

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Go back to CTS Corp. (CTS) Tops Q1 EPS by 5c, Revenues Beat

CTS Announces First Quarter 2020 Results

April 23, 2020 8:01 AM EDT

Adjusting Our Cost Structure To Adverse Market Conditions

LISLE, Ill., April 23, 2020 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced first quarter 2020 results.

Sales were $103.1 million, down 12.4% year-over-year. Sales to transportation customers declined 22.0%, and sales to other end markets grew 7.1%. The QTI acquisition added $5.6 million of sales in the first quarter of 2020.Net earnings were $3.8 million or $0.12 per diluted share versus $11.4 million or $0.34 last year.Adjusted diluted EPS was $0.19 compared to $0.39 in the first quarter of 2019.Free cash flow was $7.4 million, up from... More