Jul 27, 2021 / 02:00PM GMT
Operator
Good day, and welcome to the CTS Corporation Second Quarter 2021 Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Kieran O'Sullivan. Please go ahead, sir.
Kieran M. O'Sullivan - CTS Corporation - Chairman, President & CEO
Thank you, Tracy. Good morning. Thank you for joining us today, and welcome to CTS' Second Quarter 2021 conference call. Sales in the second quarter were $129.6 million, up 54% compared to the same period in 2020. Customer demand remains robust, while supply challenges persist, especially for automotive products.
Second quarter gross margin was 36.8%, up 525 basis points from 31.6% in the second quarter of 2020. Though improved, gross margin performance continues to be impacted by semiconductor and commodity price increases as well as increased logistics costs. EBITDA margin of 21.5% was up 480 basis points from 16.7% in the same period last year.
Second quarter adjusted earnings per share of $0.52 were up 225% from $0.16 in the second quarter
Q2 2021 CTS Corp Earnings Call Transcript
Jul 27, 2021
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