CTS Announces First Quarter 2021 Results
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CTS Corp. (CTS) Tops Q1 EPS by 7c, Revenues Beat; Raises FY21 EPS/Revenues Guidance
April 29, 2021 7:44 AM EDTCTS Corp. (NYSE: CTS) reported Q1 EPS of $0.46, $0.07 better than the analyst estimate of $0.39. Revenue for the quarter came in at $128.4 million versus the consensus estimate of $119.2 million.
Sales were $128.4 million, up 25% year-over-year. Sales to transportation customers increased 23%, and sales to other end markets grew 27%. The Sensor Scientific acquisition added $1.8 million of sales... More