CTS Corp. (CTS) Tops Q3 EPS by 15c, Revenues Beat

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Go back to CTS Corp. (CTS) Tops Q3 EPS by 15c, Revenues Beat

CTS Announces Third Quarter 2020 Results

October 29, 2020 7:31 AM EDT

Stronger sales, earnings and improved new business wins

LISLE, Ill., Oct. 29, 2020 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced third quarter 2020 results.

Sales were $113.8 million, down 2% year-over-year. Sales to transportation customers declined 9%, and sales to other end markets grew 10%. Excluding the QTI acquisition, sales to other end markets grew 4%. Sales rebounded strongly, up 35% from the second quarter of 2020.Net earnings were $11.1 million or $0.34 per diluted share versus $2.7 million or $0.08 last year.Adjusted diluted EPS was $0.34, compared to $0.29 last year.Free cash flow was $22.4... More