CTS Narrows 2017 Guidance Range - Quick Facts

(RTTNews) - CTS Corp. (CTS) announced, for 2017, the company now expects sales to be in the range of $415 to $420 million. Adjusted earnings per share are expected to be in the range of $1.13 to $1.18. Previously, the company projected 2017 sales to be in the range of $405 to $420 million, and adjusted earnings per share in the range of $1.12 to $1.22.

Third-quarter adjusted EPS was $0.31, up 11% from $0.28 in the third quarter of 2016. Sales were $106.2 million, up 6.6% year-over-year. Sales to automotive customers increased 5.8%, and sales of electronic components increased 7.9%. The Noliac acquisition, completed in May 2017, added $2.6 million of sales in the third quarter of 2017.