Oct 27, 2021 / 02:00PM GMT
Operator
Good day, and welcome to the CTS Corporation Third Quarter 2021 Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Kieran O'Sullivan, CEO. Please go ahead, sir.
Kieran M. O'Sullivan - CTS Corporation - Chairman, President & CEO
Thank you, Tracy. Good morning, and welcome, everyone, to our third quarter 2021 earnings call. We reported solid financial results that were propelled by our ongoing diversification efforts. Sales in the third quarter were $122 million, up 8% compared to the same period in 2020. Customer demand remains robust, while supply challenges persist, especially for transportation products.
Third quarter gross margin was 37.3%, up 490 basis points from 32.4% in the third quarter of 2020. EBITDA margin of 21.7% was up 270 basis points from 19% in the same period last year. Third quarter adjusted earnings per share of $0.46 were up 35% from $0.34 in the third quarter of 2020. Later, Ashish Agrawal, our CFO, who is with me for today's call, will speak to the
Q3 2021 CTS Corp Earnings Call Transcript
Feb 10, 2024
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