ELKHART, Ind.--(BUSINESS WIRE)--CTS Corporation (NYSE: CTS) today announced that it will recognize a non-cash tax benefit of approximately $3.8 to $4.2 million, or $0.10 to $0.11 per diluted share, in the third quarter 2008. This tax benefit results from the release of a valuation allowance due to sustained profitability of one of its Asian locations.
