Q1 2019 CTS Corp Earnings Call Transcript

Feb 10, 2024

Apr 25, 2019 / 03:00PM GMT
Operator

Good day, and welcome to the CTS Corporation first quarter earnings call. Today's conference is being recorded. At this time, I would like to turn the conference over to Kieran O'Sullivan. Please go ahead, sir.

Kieran M. O'Sullivan - CTS Corporation - Chairman, President & CEO

Great. Thank you, Jessica. Good morning, and thank you for joining us today, and welcome to CTS' First Quarter 2019 Conference Call.

Sales in the first quarter were $117.6 million, up 3.6% versus the same period in 2018. We added 4 new customers in the quarter. First quarter adjusted gross margins of 34.5% improved 60 basis points compared to 33.9% in the same period last year. First quarter adjusted earnings per share were $0.39 compared to $0.34 in the first quarter of 2018. We ended the quarter with total book to business of $1.87 billion.

Ashish Agrawal is with me for today's call and will take us through the safe harbor statement. Ashish?

Ashish Agrawal - CTS Corporation - VP & CFO

I would like to

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