CTS CORP

For the period ended Sep 30, 2025. Filed Oct 28, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 28, 2025

CTS$61.48+1.6%Stored close · as of Nov 10, 2026

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Contents

Item 1. Financial Statements

CONDENSED CONSOLIDATED STATEM ENTS OF EARNINGS - UNAUDITED

(In thousands, except per share amounts)

	Three Months Ended		Nine Months Ended
	September 30,	September 30,	September 30,	September 30,
	2025	2024	2025	2024
Net sales	$142,970	$132,384	$404,047	$388,296
Cost of goods sold	87,629	83,195	249,727	247,645
Gross margin	55,341	49,189	154,320	140,651
Selling, general and administrative expenses	27,222	22,509	73,922	66,100
Research and development expenses	6,901	5,031	19,416	17,718
Restructuring charges	280	773	1,028	3,657
Operating earnings	20,938	20,876	59,954	53,176
Other income (expense):
Interest expense	(1,110)	(1,307)	(3,398)	(2,942)
Interest income	535	973	1,603	3,800
Other income (expense), net	(643)	1,306	665	(761)
Total other income (expense), net	(1,218)	972	(1,130)	97
Earnings before income taxes	19,720	21,848	58,824	53,273
Income tax expense	6,033	3,764	13,243	9,364
Net earnings	$13,687	$18,084	$45,581	$43,909
Earnings per share:
Basic	$0.47	$0.60	$1.53	$1.44
Diluted	$0.46	$0.59	$1.52	$1.43
Basic weighted – average common shares outstanding:	29,348	30,300	29,698	30,517
Effect of dilutive securities	279	236	281	230
Diluted weighted – average common shares outstanding:	29,627	30,536	29,979	30,747
Cash dividends declared per share	$0.04	$0.04	$0.12	$0.12

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS ‑ UNAUDITED

	Three Months Ended		Nine Months Ended
	September 30,	September 30,	September 30,	September 30,
	2025	2024	2025	2024
Net earnings	$13,687	$18,084	$45,581	$43,909
Other comprehensive earnings (loss):
Changes in fair market value of derivatives, net of tax	1,160	(2,460)	4,883	(3,404)
Changes in unrealized pension cost, net of tax	45	(5)	(64)	94
Cumulative translation adjustment, net of tax	(631)	3,707	12,041	1,063
Other comprehensive earnings (loss)	$574	$1,242	$16,860	$(2,247)
Comprehensive earnings	$14,261	$19,326	$62,441	$41,662

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.