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Article: CTS Announces First Quarter Results.
- Article from:
- Business Wire
- Article date:
- April 18, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
ELKHART, Ind.--(BUSINESS WIRE)--April 18, 2001
CTS Corporation (NYSE:CTS) today announced quarterly results for sales, net earnings and earnings per share for the first quarter 2001.
First quarter sales were $177.0 million compared to $204.5 million in the first quarter of last year. Excluding severance expense of $1.6 million, adjusted net earnings were $3.3 million or $0.11 per share. This compares to reported net earnings of $19.2 million or $0.66 per share a year ago. Including the charge for severance, reported net earnings were $1.7 million and the reported diluted earnings per share were $0.06 in the first quarter of this ...