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Stock impact report

CTS Announces First Quarter 2019 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., April 25, 2019 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced first quarter 2019 results. Sales were $117.6 million, up 3.6% year-over-year. Sales to the transportation end market increased 6.1%, and sales to other end markets decreased 1.1%.Net earnings were $11.4 million or $0.34 per diluted share, compared to $11.5 million or $0.34 in the first quarter of 2018.Adjusted EPS was $0.39 per diluted share, up from $0.34 in the first quarter of 2018.Total Booked Business was $1.865 billion at the end of the first quarter of 2019. “We delivered steady performance in the first quarter,” said Kieran O’Sullivan, CEO of CTS Corporation. “We remain cautious on the industrial and transportation end markets. We continue to focus on driving profitable top line growth, expanding operating leverage, and advancing our strategic plans.” 2019 Guidance Management reaffirms its full year guidance. 2019 sales are expected to be in the range of $460 to $500 million, and Show less Read more
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