CTS reports sales growth in fiscal year 2021

LISLE - CTS Corp. Tuesday reported $513 million in sales in its fiscal year 2021, an increase of 21%.

The company released financial results for its full fiscal year and fourth quarter. Its adjusted earnings per diluted share was $1.93 for 2021, as compared to $1.12 in the prior fiscal year.

"We delivered strong growth across all end markets despite a challenging macroeconomic environment. Importantly, we also further advanced our diversification strategy, which was underscored by a 25% increase in non-transportation revenues over the previous year, while at the same time winning record new business across end markets," said Kieran O'Sullivan, CEO.

The company manufactures sensors, actuators and electronic components in North America, Europe and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical and transportation markets.