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Stock impact report

CTS Announces Third Quarter 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: Business Wire
Robust sales and earnings growth LISLE, Ill.--(BUSINESS WIRE)-- CTS Corporation (NYSE:CTS) today announced third quarter 2017 results. Sales were $106.2 million, up 6.6% year-over-year. Sales to automotive customers increased 5.8%, and sales of electronic components increased 7.9%. The Noliac acquisition, completed in May 2017, added $2.6 million of sales in the third quarter of 2017. Net earnings were $9.6 million or $0.29 per diluted share compared to $3.7 million or $0.11 per diluted share in the third quarter of 2016. Adjusted EPS was $0.31 per diluted share, up 11% from $0.28 in the third quarter of 2016. Total Booked Business was $1.698 billion at the end of the third quarter of 2017, an increase of $156 million from the second quarter of 2017. “We made significant progress in the third quarter,” said Kieran Show less Read more
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