CTS Corp. (CTS) Tops Q4 EPS by 10c, Revenues Beat; Offers FY21 EPS
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CTS Announces Fourth Quarter and Full Year 2020 Results
February 9, 2021 7:30 AM ESTLISLE, Ill., Feb. 09, 2021 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced fourth quarter and full year 2020 results.
Fourth Quarter 2020 Results
Sales were $123 million, up 7% year-over-year. Sales to transportation customers increased 12%, and sales to other end markets were essentially flat.Net earnings were $14.9 million or $0.46 per diluted share versus $10.1 million or $0.31 last year.Adjusted diluted EPS was $0.43, up 16% from $0.37 in the fourth quarter of 2019.Free cash flow was $22.0 million, up 28% from $17.2 million in 2019.New business wins were $104 million.... More