CTS Reports Q4 Profit of $13.6 Million, Projects Earnings Growth in 2023
LISLE, Ill. (AP) – CTS Corp. (CTS) announced a profit of $13.6 million for its fourth quarter, ending December 31, 2022. The Lisle, Illinois-based electronics manufacturer reported earnings of 45 cents per share, with adjusted earnings reaching 53 cents per share.
CTS generated revenue of $127.4 million in Q4. For the full year, the company reported a profit of $58.1 million, or $1.89 per share, on revenue of $515.8 million.
Looking ahead, CTS anticipates full-year earnings in the range of $2.20 to $2.35 per share, driven by projected revenue between $520 million and $550 million.