Q4 2019 CTS Corp Earnings Call Transcript
Good day, everyone, and welcome to today's CTS Corporation Fourth Quarter and Full Year 2019 Earnings Call. Just as a reminder, today's call is being recorded.
At this time, I would like to turn the conference over to your host for today, Kieran O'Sullivan. Please go ahead.
' -
Thank you, Sarah. Good morning. Thank you for joining us today, and welcome to CTS' Fourth Quarter and Full Year 2019 Conference Call.
Sales in the fourth quarter were $115 million, down 4.2% compared to the same period in 2018. We added 5 new customers in the quarter. Full year sales were $469 million compared to $470 million last year.
Gross margin was 33.6% in the fourth quarter, down from 35.5% in the same period last year and up sequentially by 160 basis points from the prior quarter. Full year gross margin was 33.6% compared to 35.1% in 2018. Fourth quarter adjusted earnings per share of $0.37 were down from $0.41 in the fourth quarter of 2018. Full year adjusted earnings
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |