American Made Advocacy: Restore the Domestic PCB Industry to Support National Drone Initiatives
Defense Speak Interpreted: The New Railgun Is Big News, But Can It Work?
The Government Circuit: USMCA Review—A Crucial Opportunity to Fortify North American Electronics
CTS Reports Robust Q3 Sales and Earnings Growth
October 30, 2017 | CTSEstimated reading time: 1 minute
CTS Corporation has announced sales of $106.2 million for the third quarter of 2017, up 6.6% year-over-year. Sales to automotive customers increased by 5.8%, and sales of electronic components increased by 7.9%. The Noliac acquisition, completed in May 2017, added $2.6 million of sales in the third quarter of 2017.
Net earnings were $9.6 million or $0.29 per diluted share compared to $3.7 million or $0.11 per diluted share in the third quarter of 2016.
Adjusted EPS was $0.31 per diluted share, up 11% from $0.28 in the third quarter of 2016.
Total booked business was $1.698 billion at the end of the third quarter of 2017, an increase of $156 million from the second quarter of 2017.
"We made significant progress in the third quarter," said Kieran O'Sullivan, CEO of CTS Corporation. "We delivered strong sales growth, increased our total booked business substantially, and continued to improve gross margins."
2017 Guidance
Management narrowed its guidance range for full year 2017. Sales are expected to be in the range of $415 to $420 million. Adjusted earnings per diluted share are expected to be in the range of $1.13 to $1.18.
About CTS
CTS is a leading designer and manufacturer of products that Sense, Connect and Move. CTS manufactures sensors, actuators and electronic components in North America, Europe and Asia, and supplies these products to OEMs in the aerospace, communications, defense, industrial, information technology, medical and transportation markets.
For more information click here.
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Curtiss-Wright Partners With Averna to Elevate Aerospace Testing Capabilities
03/03/2026 | Curtiss-Wright CorporationAverna, a global leader in test and quality solutions, announced that it has partnered with Curtiss-Wright, to develop five custom aerospace test systems.
Amca Acquires Payne Magnetics, Strengthening its Power Electronics Capabilities
02/20/2026 | PRNewswireAmca, a Los Angeles-based aerospace and defense company, has acquired Payne Magnetics of Covina, California from its second-generation owner, Jon Payne.
Amca Acquires Electrocube to Expand Into Power Electronics
02/13/2026 | PRNewswireAmca, an El Segundo-based aerospace and defense company, has acquired Electrocube of Pomona, California from two of its founding families.
RTX to Invest $139 Million in Singapore, Signing Multiple MOUs with Economic Development
02/05/2026 | RTXAt the Singapore Air Show, RTX signed multiple memoranda of understanding with the Singapore Economic Development Board (EDB), further strengthening its long-term commitment to the country's aerospace ecosystem.
TTM Technologies Appoints Two New Independent Directors
02/05/2026 | TTM TechnologiesTTM Technologies announced that, after long and distinguished careers with TTM, Thomas Edman, the Company’s former President and Chief Executive Officer and a current Class I member of the Board of Directors, and John Mayer, a current Class III member of the Board, will retire from the Board effective as of May 7, 2026, immediately following the Company’s 2026 annual meeting of stockholders.