CTS Confirms Analysts' Consensus

22 December 1999

CTS Confirms Analysts' Consensus

    ELKHART, Ind.--Dec. 21, 1999--In response to inquiries, Joseph P. Walker, Chairman, President and Chief Executive Officer of CTS Corporation, indicated that, based on information presently available to the Company, CTS management continues to be comfortable with the analysts' consensus estimates for CTS' earnings for 1999 ($2.08 per share) and 2000 ($2.70 per share) and that the Company's business fundamentals remain strong.
    CTS Corporation designs, manufactures and sells a broad line of electronic components and custom electronic assemblies for OEM customers primarily in the communications equipment, automotive and computer equipment markets worldwide. CTS operates manufacturing facilities in the United States, Canada, Mexico, Scotland, Singapore, Taiwan and China. For additional information, visit our website at www.ctscorp.com.
    The Company's plans, estimates and beliefs concerning the future contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those reflected herein due to a variety of factors that could affect the Company's operating results, liquidity and financial condition, such as risks associated with the integration of acquired operations, competitive factors and price pressures, shifts in market demand and general economic conditions, foreign operations and developments and other factors.