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Sep 30, 2020
CTS Q3 2020 Earnings Report
CTS experienced stronger sales, earnings, and improved new business wins.
Key Takeaways
CTS Corporation announced third quarter 2020 results with sales of $113.8 million, a 2% decrease year-over-year, but a 35% increase from the second quarter of 2020. Net earnings were $11.1 million, or $0.34 per diluted share, compared to $2.7 million, or $0.08 last year. Adjusted diluted EPS was $0.34, compared to $0.29 last year. New business wins were $127 million.
Sales were $113.8 million, down 2% year-over-year.
Net earnings were $11.1 million or $0.34 per diluted share versus $2.7 million or $0.08 last year.
Adjusted diluted EPS was $0.34, compared to $0.29 last year.
New business wins were $127 million.
Forward Guidance
Due to ongoing market uncertainties, management is not providing revenue or earnings guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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