Brief: CTS Announces Fourth Quarter And Full-Year 2022 Results

CTS

07/02/2023 13:05

Feb 7 (Reuters) - Cts Corp  CTS.N :
    * CTS ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2022 RESULTS
    * QTRLY SALES WERE $142.3 MILLION, UP 7% YEAR-OVER-YEAR
    * QTRLY EARNINGS PER SHARE WAS $0.47 PER DILUTED SHARE
    * QTRLY ADJUSTED DILUTED EPS WAS $0.56
    * CTS EXPECTS FULL-YEAR 2023 SALES TO BE IN RANGE OF $580 -
$640
MILLION AND ADJUSTED DILUTED EPS TO BE IN RANGE OF $2.40 - $2.70
    * LOOKING AHEAD, WE EXPECT A SOFTER Q1, AND AN IMPROVING
TREND FOR
REST OF 2023
    * Q4 EARNINGS PER SHARE VIEW $0.58 -- REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $2.64, REVENUE VIEW $620.6
MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX170xdB 
Further company coverage:  CTS.N 
 ((Reuters.Briefs@thomsonreuters.com;))