ELKHART, IN -- CTS Corp. today announced second-quarter revenues of $169.6 million and net earnings of $5.9 million. The company, which also makes components, was boosted by strength for its EMS services.
For the quarter, revenue rose 2% year-over-year, driven by a 5% hike in EMS sales. Components and Sensors segment sales decreased 1%, primarily from weakness in electronics component demand. Automotive components were up 6%.

Earnings were up 11% despite a $1.2 million charge associated with the internal investigation and account reconciliations at CTS' California EMS locations.

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.

CTS is the 26th largest EMS company in the world, according to Manufacturing Market Insider.
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