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Stock impact report

CTS Announces Fourth Quarter and Full Year 2017 Results

CTS Corporation (CTS) 
Last cts corporation earnings: 4/23 08:00 am Check Earnings Report
US:NYSE Investor Relations: ctscorp.com/investors
Company Research Source: GlobeNewswire
LISLE, Ill., Feb. 06, 2018 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) today announced fourth quarter and full year 2017 results. Fourth Quarter 2017 Results Sales were $110.9 million, up 9.2% year-over-year. Sales to automotive customers increased 7.3%, and sales of electronic components grew 12.7%. The Noliac acquisition, completed in May 2017, added $3.0 million of sales in the fourth quarter of 2017.Net loss was $13.6 million or $0.41 per share, which included a $18.0 million one-time, non-cash charge related to the Tax Cuts and Jobs Act and a $13.4 million one-time, non-cash pension settlement charge.Adjusted diluted EPS was $0.39 compared to $0.29 in the same quarter of 2016. Full Year 2017 Results Sales were $423.0 million, up 6.6% compared to 2016. Sales to automotive customers increased 4.8%, and sales of electronic components grew 10.2%. The Noliac acquisition added $7.1 million of sales in 2017.Net earnings were $14.4 million or $0.43 per diluted share.Adjusted dil Show less Read more
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