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Stock impact report

CTS Announces Second Quarter 2018 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., July 26, 2018 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) today announced second quarter 2018 results. Sales were $118.0 million, up 11.7% year-over-year, with organic growth at 10.9%. Sales to transportation customers increased 7.5%, and sales of electronic components increased 19.3%.Net earnings were $7.2 million or $0.21 per diluted share, down from $10.0 million or $0.30 per diluted share in the second quarter of 2017, impacted by currency changes and certain discrete tax items.Adjusted EPS was $0.39 per diluted share, up from $0.28 in the second quarter of 2017.Total Booked Business was $1.8 billion at the end of the second quarter of 2018, an increase of $38 million from the first quarter of 2018. “We delivered another quarter of strong sales growth and improved operational performance,” said Kieran O’Sullivan, CEO of CTS Corporation. “Our sales to industrial, medical, and aerospace & defense customers grew by double digits, and we saw robust sales growth to Show less Read more
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