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Stock impact report

CTS Announces Third 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
Strong sales and earnings LISLE, Ill., Oct. 25, 2018 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced third quarter 2018 results. Sales were $118.9 million, up 11.9% year-over-year. Sales to transportation customers increased 9.6%, and sales of electronic components increased 15.9%.Net earnings were $10.2 million or $0.30 per diluted share, up from $9.6 million or $0.29 per diluted share in the third quarter of 2017.Adjusted EPS was $0.39 per diluted share, up from $0.31 in the third quarter of 2017.Total Booked Business was $1.832 billion at the end of the third quarter of 2018, an increase of $32 million from the second quarter of 2018. “We are pleased to see continued improvement in our performance,” said Kieran O’Sullivan, CEO of CTS Corporation. “Our strategic goal to diversify and expand regionally is gaining traction, and we are delivering strong sales growth in several of our non-transportation end markets.” 2018 Guidance Management is increasing full yea Show less Read more
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