Brief: CTS Corp Are Still Assessing Impact Of Covid-19 Over Balance Of 2020

CTS

05/03/2020 14:25

March 5 (Reuters) - CTS Corp  CTS.N :
    * COVID-19 UPDATE BY CTS CORPORATION
    * OUR TEAMS AT OUR CHINA FACILITIES ARE DILIGENTLY WORKING
TO GET
BACK TO NORMAL OPERATIONS
    * RESULT OF COVID-19 OUTBREAK CO IS ASSESSING IMPACT ON 2020
SALES
AND ADJUSTED DILUTED EPS GUIDANCE
    * POTENTIAL IMPACT OF FURTHER OUTBREAKS, LOGISTICS, CUSTOMER
SCHEDULES MAKE IT DIFFICULT TO FORECAST DEMAND
    * ARE STILL ASSESSING IMPACT OF COVID-19 OVER BALANCE OF
2020
    * CURRENTLY EXPECT Q1 RESULTS TO BE IN RANGE OF $95 TO $105
MILLION FOR SALES
    * CURRENTLY EXPECT Q1 RESULTS TO BE IN RANGE OF $0.15 TO
$0.23 FOR
ADJUSTED DILUTED EPS
    * WILL PROVIDE AN UPDATE TO OUR ANNUAL GUIDANCE IN CO'S Q1
EARNINGS RELEASE
    * Q1 EARNINGS PER SHARE VIEW $0.29, REVENUE VIEW $111.7
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX5Xb5cD 
Further company coverage:  CTS.N 

 ((Reuters.Briefs@thomsonreuters.com;))