ELKHART, IN – Electronic components manufacturer and assembly services provider CTS Corp. today reported fourth-quarter 2009 revenues of $133.9 million, up 6% sequentially, and down 18% year-over-year.

Net earnings were $4.1 million, compared to a third-quarter net profit of $4.5 million.

EMS segment sales decreased 3% sequentially and 35% year-over-year to $68.4 million, primarily as a result of lower sales in the defense and aerospace market. The segment reported operating profits of $700,000.

Components and sensors segment revenues increased 17% sequentially, driven by a 24% improvement in automotive product shipments with improved market share. Sales in this sector were 49% of total CTS sales in the fourth quarter, compared to 44% in the third quarter.

Sales of electronic components increased 5% over the third quarter of 2009, primarily from higher demand for wireless infrastructure applications.

Sales in automotive sensors and actuators increased 44% compared to the same period last year.

Full-year 2009 revenue was $499 million, down 28% from 2008.

The firm posted a 2009 net loss of $34.1 million, compared to earnings of $28.1 million in 2008.

Management anticipates 2010 sales to increase in the range of 10% to 15% year-over-year.

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