Earnings were up 11% despite a $1.2 million charge associated with the internal
investigation and account reconciliations at CTS' California EMS
In a statement, President and chief executive Vinod M. Khilnani said, "Based on current expectations, we expect our 2007 sales growth to be around 5% to 6%."The EMS segment reported $98.8 million in sales, up 5.4% sequentially, driven primarily by higher sales into the defense and aerospace and industrial markets, and partially offset by lower demand in the computer market. Segment operating earnings increased $1.8 million from the second quarter of 2006 primarily due to higher volumes and more favorable product mix, partially offset by incremental legal and accounting fees.