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CTS Reports Higher Q2 Earnings, Revenue From Year Ago, Raises Full-Year Adjusted EPS Outlook

8:45AM ET 7/27/2021 MT Newswires
CTS (CTS) on Tuesday reported Q2 adjusted earnings of $0.52 per diluted share, up from $0.16 per share a year ago. Analysts polled by Capital IQ estimated normalized EPS of $0.38.

Revenue totaled $129.6 million, compared with $84.2 million a year earlier. The Street estimate was $122.5 million.

CTS updated its 2021 guidance for adjusted EPS to between $1.70 and $1.90, versus the analysts estimate of $1.56, and from the prior $1.35 to $1.70 range. Sales are expected to range from $480 million to $500 million, compared with the Street forecast for $490.4 million, and from the previous guidance of $445 million to $500 million.

Price: 33.96, Change: -0.08, Percent Change: