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Stock impact report

CTS Announces Fourth Quarter and Full Year 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., Feb. 05, 2019 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced fourth quarter and full year 2018 results. Fourth Quarter 2018 Results Sales were $120.1 million, up 8.3% year-over-year. Sales to transportation customers increased 7.2%, and sales to other end markets grew 10.2%.Net earnings were $17.6 million or $0.52 per diluted share.Adjusted diluted EPS was $0.41 compared to $0.39 in the fourth quarter of 2017. Full Year 2018 Results Sales were $470.5 million, up 11.2% compared to 2017. Sales to transportation customers increased 9.0%, and sales to other end markets grew 15.3%.Net earnings were $46.5 million or $1.39 per diluted share.Adjusted diluted EPS was $1.53 compared to $1.23 in 2017.Operating cash flow was $58.2 million.Total booked business grew $129 million in 2018, a 7.4% increase, to $1.87 billion. “We are pleased with our progress in several areas as we transition our business and systems,” said Kieran O’Sullivan, CEO of CTS Corporation Show less Read more
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