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Dec 31, 2020
CTS Q4 2020 Earnings Report
CTS demonstrated continued market recovery and solid operational performance.
Key Takeaways
CTS Corporation announced strong Q4 2020 results, with sales up 7% year-over-year to $123 million and net earnings of $14.9 million, or $0.46 per diluted share. Adjusted diluted EPS was $0.43, up 16% from Q4 2019, and free cash flow increased by 28% to $22.0 million. New business wins reached $104 million.
Sales increased by 7% year-over-year, reaching $123 million.
Net earnings were $14.9 million, or $0.46 per diluted share.
Adjusted diluted EPS increased by 16% to $0.43.
Free cash flow grew by 28% to $22.0 million.
Revenue by Segment
Forward Guidance
Full year 2021 sales are expected to be in the range of $430 to $490 million. Adjusted earnings per diluted share for 2021 are expected to be in the range of $1.20 to $1.60.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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