From RTT News:

CTS Corp reported a 4% increase in net earnings for the fourth quarter, reaching $15.32 million or $0.49 per share. However, net sales for the quarter declined 12% to $124.69 million. Looking ahead to fiscal 2024, the company projects adjusted earnings between $2.10 to $2.35 per share on sales between $530 million and $570 million. Additionally, the Board of Directors approved a new share repurchase program authorizing the company to repurchase up to $100 million of its common stock.



Read more: CTS Q4 Results Top Estimates; Guides FY24 In Line With Estimates