CTS Reports Third Quarter Earnings Per Share of $0.17, Including Tax Benefit and Asset Impairment Charge.
Business Wire (October 22, 2003)
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CTS Reports Third Quarter Earnings Per Share of $0.17, Including Tax Benefit and Asset Impairment Charge.
Business Editors
ELKHART, Ind.--(BUSINESS WIRE)--Oct. 22, 2003 CTS Corporation (NYSE:CTS) today announced third quarter net earnings of $6.1 million, or $0.17 per share. The third quarter results included a favorable income tax adjustment of $7.9 million, or $0.22 per share, and an asset impairment charge of $3.4 million after-tax, or $0.10 per share. Excluding the impact of the tax adjustment and asset impairment charge, adjusted earnings for the quarter were $1.6 million, or $0.05 per share. Revenues for the quarte...Try vLex for FREE for 3 days
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