CTS Corp (NYSE:CTS)
$ 52.86 0.56 (1.07%) Market Cap: 1.62 Bil Enterprise Value: 1.55 Bil PE Ratio: 31.09 PB Ratio: 3.11 GF Score: 74/100
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Q2 2019 CTS Corp Earnings Call Transcript

Jul 25, 2019 / 03:00PM GMT
Release Date Price: $31.59 (+3.40%)
Operator

Good day and welcome to the CTS Corporation second quarter earnings call. Today's conference is being recorded.

At this time, I'd like to turn the conference over to Kieran O'Sullivan. Please go ahead.

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

' -

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

Second quarter sales were $120.7 million, up from $118 million in the same period last year. Gross margins were 34.1% compared to 35.4% in the second quarter of 2018. Adjusted earnings per share were $0.40 compared to $0.39 in the second quarter of last year. Total booked business increased 4% to $1.875 billion, up from $1.8 billion in the same period of last year.

Ashish Agrawal, our CFO, 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 remind our listeners that this

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