ELKHART, IN – CTS Corp. posted second-quarter 2013 revenues of $151.6 million, up 1% sequentially and down 2% year-over-year, driven by softness in EMS markets.

The firm reported a net loss of $11.3 million, compared to net earnings of $3.3 million in the same period last year.

EMS segment sales decreased $31.3 million in the second quarter from the same period last year to $46.2 million, primarily from the decision to exit certain customers and declines in defense and aerospace and communications markets. Sales to defense and aerospace alone were down 50%, the firm said. Sales in EMS decreased $5.3 million (10%) sequentially.

Components and Sensors segment sales grew $28.6 million, or 37%, compared to the second quarter 2012. Automotive sales increased $20.4 million, or 43%, year-over-year, primarily due to sales of $13.2 million from the D&R Technology acquisition. Sales of electronic components increased $8.2 million, or 28%, compared to the same period last year. Components and Sensors segment sales grew $7.3 million, or 7%, sequentially. Within this segment, electronic components sales increased $4.8 million, or 15%, and automotive product sales increased $2.5 million, or 4%, from the prior quarter.

The EMS segment has secured approximately $36 million in new business from the industrial sector from existing customers and two new customers.

CTS announced a $16 million to $20 million restructuring plan on June 11, with expected annual savings of approximately $8 million to $10 million once fully implemented in 2014. In the second quarter, CTS recognized $8.1 million of restructuring and related charges associated with these actions.

Management is lowering its full-year 2013 sales guidance to a 6% to 8% increase over 2012, compared to the low end of 12% to 15%, primarily due to softness in the EMS segment.