CTS Corp. (CTS) Tops Q1 EPS by 7c, Revenues Beat; Raises FY21 EPS/Revenues Guidance
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CTS Announces First Quarter 2021 Results
April 29, 2021 7:30 AM EDTLISLE, Ill., April 29, 2021 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced first quarter 2021 results.
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 in the first quarter of 2021.Net earnings were $12.0 million or $0.37 per diluted share versus $3.8 million or $0.12 per diluted share in the first quarter of last year.Adjusted diluted EPS was $0.46, up from $0.19 in... More