CTS Corp. (CTS) Tops Q2 EPS by 14c, Raises Guidance
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CTS Announces Second Quarter 2021 Results
July 27, 2021 7:45 AM EDTLISLE, Ill., July 27, 2021 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced second quarter 2021 results.
Sales were $129.6 million, up 54% year-over-year. Sales to transportation customers increased 88%, and sales to other end markets grew 26%. The Sensor Scientific acquisition added $1.6 million of sales in the second quarter of 2021.Net earnings were $0.9 million or $0.03 per diluted share versus $4.9 million or $0.15 per diluted share in the second quarter of last year. The second quarter net earnings were impacted by a non-cash charge of $20.1 million related to the previously communicated... More