CTS Corp (NYSE:CTS)
$ 53.45 0.59 (1.12%) Market Cap: 1.63 Bil Enterprise Value: 1.55 Bil PE Ratio: 31.44 PB Ratio: 3.14 GF Score: 74/100
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Q4 2020 CTS Corp Earnings Call Transcript

Feb 09, 2021 / 03:00PM GMT
Release Date Price: $32.72 (-2.01%)
Operator

Good day, everyone, and thank you for standing by. Welcome to the CTS Corporation Fourth Quarter and Full Year 2020 Earnings Call. Today's conference is being recorded.

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

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

' -

Thank you, Hanna. Good morning, and thank you for joining us today, and welcome to CTS' Fourth Quarter and Full Year 2020 Conference Call. Sales in the fourth quarter were $123 million, up 7% compared to the same period in 2019.

Full year sales were $424 million compared to $469 million last year, impacted by the pandemic in 2020. Today, all of our plants are operational with varying levels of capacity from 85% to 100%. Fourth quarter gross margin was up 110 basis points to 34.7% from the same period last year. EBITDA margin of 21.4% was up from 20.3% in the fourth quarter of 2019. Fourth quarter adjusted earnings per share of $0.43 were up 16% from $0.37 in the fourth quarter of 2019. Full year

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