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Stock impact report

COVID-19 Update by CTS Corporation

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., March 05, 2020 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) announced today that as a result of the COVID-19 outbreak the Company is assessing the impact on its full year 2020 sales and adjusted diluted EPS guidance provided on February 4, 2020. The outbreak is having a material unfavorable impact on our first quarter results. The situation continues to evolve, and we are currently unable to quantify the full year financial impact. Our teams at our China facilities are diligently working to get back to normal operations. However, the potential impact of further outbreaks, logistics, and customer schedules make it difficult to forecast demand. “Our first priorities are the safety of our employees and the supply of product to our customers. Our thoughts are with the individuals who are most directly affected by the outbreak, and we are taking steps to ensure the safety of all of our employees,” said Kieran O’Sullivan, CEO of CTS Corporation. “We know first quarter re Show less Read more
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