CTS Corp (CTS) has released its fourth-quarter earnings, reporting a decline from the same period last year, falling short of Wall Street projections. The company posted net income of $13.61 million, equating to $0.45 per share, compared to the previous year's $15.32 million, or $0.49 per share. When accounting for exceptional items, CTS Corp recorded adjusted earnings of $16.3 million, or $0.53 per share. This result narrowly missed analysts' consensus expectation of $0.54 per share, which typically excludes unusual items. Notably, the company's revenue showed a year-over-year increase of 2.2%, reaching $127.44 million compared to $124.69 million last year.
Summary of CTS Corp's GAAP financial performance for the quarter:
- Net Income: $13.61 million, down from $15.32 million last year
- Earnings Per Share (EPS): $0.45, compared to $0.49 last year
- Revenue: $127.44 million, an increase from $124.69 million last year.
