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Dec 31, 2019
CTS Q4 2019 Earnings Report
CTS announced results for a challenging market in Q4 2019.
Key Takeaways
CTS Corporation reported Q4 2019 sales of $115.0 million, a 4.2% decrease year-over-year. Net earnings were $10.1 million, or $0.31 per diluted share, compared to $17.6 million, or $0.52 last year. Adjusted diluted EPS was $0.37, down from $0.41 in Q4 2018.
Sales decreased by 4.2% year-over-year, totaling $115.0 million.
Net earnings were $10.1 million, or $0.31 per diluted share.
Adjusted diluted EPS was $0.37, a decrease from $0.41 in the same quarter last year.
Sales to transportation customers declined 11.0%, while sales to other end markets increased 7.9%.
Forward Guidance
Full year 2020 sales are expected to be in the range of $450 to $480 million. Adjusted earnings per diluted share for 2020 are expected to be in the range of $1.35 to $1.60.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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