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Dec 31, 2021
CTS Q4 2021 Earnings Report
CTS experienced solid growth and diversification in Q4 2021.
Key Takeaways
CTS Corporation reported an 8% increase in sales, reaching $132.5 million. Non-transportation revenues increased by 25%, while transportation revenues decreased by 3%. Net income was $9.2 million, or $0.28 per diluted share, and adjusted diluted EPS was $0.49. New business wins totaled $185 million.
Sales increased by 8% year-over-year, reaching $132.5 million.
Non-transportation sales increased 25% year-over-year.
Net income was $9.2 million, or $0.28 per diluted share.
New business wins were $185 million, up from $104 million in the fourth quarter of 2020.
Forward Guidance
CTS expects full year 2022 sales to be in the range of $525 – $550 million and adjusted diluted EPS in the range of $2.00 – $2.25.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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