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CTS Reports Strong Q2 Revenues, Earnings |
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Written by Chelsey Drysdale
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Wednesday, 30 July 2008 |
ELKHART, IN – CTS Corp. announced second-quarter revenues of $186.1 million, up 8.9% year-over-year.
Net earnings of $10 million were up 41% compared to the same period in 2007.
Components and Sensors segment sales increased 19%. Within this segment, sales of automotive sensor and actuator products increased 15%, and sales of electronic components increased 9%, complemented by a recent acquisition.
EMS segment sales improved 3% year-over-year from higher sales into defense and aerospace markets driven by a recent acquisition.
The firm reiterates its full-year guidance of 5% to 8% sales growth over 2007.
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