I was the first trade today, buying at $30.50. So far, so good.
CTS Corp. 4Q Loss 2c/Diluted Shr On 67c
Chg Vs Net 40c
CTS Corp. - Elkhart, IN
4th Quar Dec. 31:
1997 1996
Sales $126,420,000 $80,834,000
Net income a (282,000) 6,356,000
Avg shrs 15,405,905 15,681,903
Shr earns (basic*)
Net income a (.02) .41
Shr earns (diluted**)
Net income a (.02) .40
Figures in parentheses are losses.
a. Includes a charge of $10.5 million, or 67 cents a share,
related to DCA acquisition. Excluding the charge,
adjusted income was 65 cents a share.
* - 'Basic' earnings per share is calculated by dividing
net earnings applicable to common shares by common
shares outstanding. This replaces 'primary' earnings per
share, which included common stock equivalents in the
calculation. The year ago per share amounts are restated
to reflect the current presentation.
** - 'Diluted' earnings per share includes options,
warrants and convertible securities in the calculation.
Year Dec. 31:
1997 1996
Sales $415,151,000 $321,297,000
Net income b 22,813,000 21,170,000
Avg shrs 15,624,149 15,668,415
Shr earns (basic)
Net income b 1.46 1.35
Shr earns (diluted)
Net income b 1.43 1.34
Figures in parentheses are losses.
b. Includes a charge of $10.5 million, or 67 cents a share,
related to DCA acquisition. Excluding the charge,
adjusted net income was $2.13 a share.
CTS Corp. (CTS) makes electronic components for the
automotive, computer and communications equipment
markets. |
