CTS: Q4 Earnings Snapshot
Tue, Feb 7, 2023 8:21 AM
STATS Perform dba Automated Insights
LISLE, Ill. (AP) — LISLE, Ill. (AP) — CTS Corp. (CTS) on Tuesday reported fourth-quarter profit of $14.9 million.
On a per-share basis, the Lisle, Illinois-based company said it had net income of 47 cents. Earnings, adjusted for non-recurring costs and pretax expenses, were 56 cents per share.
The electronics manufacturer posted revenue of $142.3 million in the period.
For the year, the company reported net income of $59.6 million, or $1.85 per share, swinging to a profit in the period. Revenue was reported as $586.9 million.
CTS expects full-year earnings in the range of $2.40 to $2.70 per share, with revenue in the range of $580 million to $640 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTS at https://www.zacks.com/ap/CTS