CTS Corporation announces Q1 2015 earnings on track
Sees strong new business awards and expands share buyback program
CTS today announced that first quarter sales to automotive customers declined $3.7 million year-over-year primarily due to unfavorable currency impact of $2.3 million. Sales of electronic components increased $1.3 million year-over-year. CTS received $192 million in new business awards in the first quarter, its strongest new business awards since it began reporting in the second quarter of 2013.
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