CTS CORPORATION AND SUBSIDIARIES
 CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS  - UNAUDITED
(In thousands, except per share amounts)
 
        Three Months Ended  
              April 3,        March 28,  
          2005       2004  
               
Net sales    $155,330    $122,147  
Costs and expenses:          
  Cost of goods sold    127,115    97,538  
  Selling, general and administrative expenses    17,757    14,816  
  Research and development expenses    4,787    4,884  
Operating earnings   5,671   4,909  
               
Other expenses (income):          
   Interest expense    1,717   1,533  
   Other    (445)   16  
      Total other expenses   1,272   1,549  
      Earnings before income taxes   4,399   3,360  
Income tax expense    1,012   840  
           

Net earnings

    $3,387    $2,520  
               
Net earnings per share:          
   Basic    $0.09    $0.07  
   Diluted    $0.09

 

  $0.07  
               
Cash dividends declared per share    $0.03    $0.03  
               
Average common shares outstanding:          
  Basic   36,398   35,957  
  Diluted   40,979   36,243