Q4 2021 CTS Corp Earnings Call Transcript
At this time, I would like to welcome everybody to the CTS Corporation Fourth Quarter and Full Year 2021 Conference Call. (Operator Instructions) A supplemental slide presentation to accompany the prepared remarks can be found on the company's website. (Operator Instructions) At this time, I would like to turn the conference call over to Mr. Kieran O'Sullivan, CEO of CTS Corporation. Mr. O'Sullivan, you may begin your conference.
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Thanks, Bailey. Good morning, and welcome, everyone, to our fourth quarter and full year 2021 earnings call. We delivered strong financial results and achieved record-breaking new business awards despite pandemic-related and supply challenges. For the fourth quarter 2021, sales increased 7.7% to $133 million. Gross margin was 36.7% in the fourth quarter, up 200 basis points. Adjusted EBITDA margin was 20.9%, largely flat versus the fourth quarter of 2020.
Fourth quarter adjusted diluted earnings per share increased 14% to $0.49. Fourth
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