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CTS Reaffirms Full Year Guidance


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ELKHART, Ind. January 14, 2009: CTS Corporation today announced that it is reaffirming its financial guidance for full year 2008 sales and adjusted diluted earnings per share originally provided on October 28, 2008. Full year 2008 sales are expected to be essentially flat from 2007 and adjusted 2008 earnings per share guidance is now expected to be at the upper end of the $0.71 to $0.76 diluted per share range, or approximately $0.09 to $0.14 adjusted diluted per share range for the fourth quarter 2008. Adjusted 2008 earnings per share guidance excludes the third quarter tax credit and full year restructuring and related charges.

As previously announced, CTS will release earnings for the fourth quarter and full year 2008 at approximately 5:30 p.m. (EST) on Wednesday, January 28, 2009. A conference call to discuss fourth quarter and full year 2008 financial results is scheduled for Thursday, January 29, 2009 at 11:00 a.m. (EST). Further information on times and call in numbers can be found on CTS’ January 12, 2009 press release.