Loading...
•
Mar 31, 2021
CTS Q1 2021 Earnings Report
CTS Corporation experienced strong sales and earnings despite a challenging supply chain environment.
Key Takeaways
CTS Corporation announced strong first quarter 2021 results with sales of $128.4 million, up 25% year-over-year. Net earnings were $12.0 million, or $0.37 per diluted share, compared to $3.8 million, or $0.12 per diluted share in the first quarter of last year. Adjusted diluted EPS was $0.46, up from $0.19 in the first quarter of 2020. Free cash flow was $18.5 million, up from $7.4 million in the first quarter of 2020.
Sales were $128.4 million, up 25% year-over-year.
Net earnings were $12.0 million or $0.37 per diluted share.
Adjusted diluted EPS was $0.46, up from $0.19 in the first quarter of 2020.
Free cash flow was $18.5 million, up from $7.4 million in the first quarter of 2020.
Forward Guidance
Management remains mindful of supply chain uncertainties in this pandemic environment and is updating its 2021 guidance for sales from $430 – $490 million to $445 – $500 million, and for adjusted earnings per diluted share from $1.20 – $1.60 to $1.35 – $1.70.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...