Feb 04, 2020 / 04:00PM GMT
Operator
Good day, everyone, and welcome to today's CTS Corporation Fourth Quarter and Full Year 2019 Earnings Call. Just as a reminder, today's call is being recorded.
At this time, I would like to turn the conference over to your host for today, Kieran O'Sullivan. Please go ahead.
Kieran M. O'Sullivan - CTS Corporation - Chairman, President & CEO
Thank you, Sarah. Good morning. Thank you for joining us today, and welcome to CTS' Fourth Quarter and Full Year 2019 Conference Call.
Sales in the fourth quarter were $115 million, down 4.2% compared to the same period in 2018. We added 5 new customers in the quarter. Full year sales were $469 million compared to $470 million last year.
Gross margin was 33.6% in the fourth quarter, down from 35.5% in the same period last year and up sequentially by 160 basis points from the prior quarter. Full year gross margin was 33.6% compared to 35.1% in 2018. Fourth quarter adjusted earnings per share of $0.37 were down from $0.41 in the fourth quarter of 2018. Full year adjusted earnings
Q4 2019 CTS Corp Earnings Call Transcript
Feb 04, 2020
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