CTS Q4 sales up 7% to $142.3M, adjusted EPS $0.56; guides FY2023 sales $580-640M

CTS CORP

2022-FY EPS reported $1.85 revenue$586,869,000

Fourth-quarter revenue $142.3M (+7% YoY); non-transportation sales up 22%.
Adjusted diluted EPS $0.56 (Q4 2021: $0.49); GAAP EPS $0.47 (Q4 2021: $0.28).
Full-year 2022 revenue $586.9M (+14%), adjusted diluted EPS $2.46 (2021: $1.93).
Adjusted EBITDA margin 22.8% for 2022 vs 21.0% in 2021.
2023 guidance: revenue $580-640M, adjusted diluted EPS $2.40-2.70.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

CTS CORP reported Full-Year 2023 results: revenue $580 - $640 million, EPS $2.40 - $2.70. Guidance initiated.

Period: Full-Year 2023
Revenue: $580 - $640 million
EPS: $2.40 - $2.70
Guidance: initiated
Result: guidance update

Exact text from the filing

CTS expects full-year 2023 sales to be in the range of $580 - $640 million and adjusted diluted EPS to be in the range of $2.40 - $2.70.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

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Source: SEC EDGAR

accession 0000950170-23-001917

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