CTS CORP

For the period ended Jun 30, 2026. Filed Jul 28, 2026.

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.

Jun 30, 2026 · Filed Jul 28, 2026

CTS$60.50+4.5%Stored close · as of Nov 9, 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		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2026	2025	2026	2025
Net sales	$144,780	$135,309	$284,010	$261,078
Cost of goods sold	84,732	82,878	168,976	162,099
Gross margin	60,048	52,431	115,034	98,979
Selling, general and administrative expenses	28,390	23,077	54,373	46,700
Research and development expenses	4,763	6,326	11,398	12,515
Restructuring charges	94	297	480	749
Operating earnings	26,801	22,731	48,783	39,015
Other (expense) income:
Interest expense	(704)	(1,121)	(1,412)	(2,289)
Interest income	571	622	1,051	1,068
Other (expense) income, net	(430)	750	(511)	1,307
Total other (expense) income, net	(563)	251	(872)	86
Earnings before income taxes	26,238	22,982	47,911	39,101
Income tax expense	7,074	4,455	11,550	7,210
Net earnings	$19,164	$18,527	$36,361	$31,891
Earnings per share:
Basic	$0.67	$0.62	$1.27	$1.07
Diluted	$0.66	$0.62	$1.26	$1.06
Basic weighted – average common shares outstanding:	28,580	29,739	28,634	29,875
Effect of dilutive securities	329	251	317	285
Diluted weighted – average common shares outstanding:	28,909	29,990	28,951	30,160
Cash dividends declared per share	$0.04	$0.04	$0.08	$0.08

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS ‑ UNAUDITED

	Three Months Ended		Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2026	2025	2026	2025
Net earnings	$19,164	$18,527	$36,361	$31,891
Other comprehensive (loss) earnings:
Changes in fair market value of derivatives, net of tax	439	2,847	527	3,723
Changes in unrealized pension cost, net of tax	(10)	(123)	3	(109)
Cumulative translation adjustment, net of tax	(1,329)	8,024	(3,259)	12,672
Other comprehensive (loss) earnings	$(900)	$10,748	$(2,729)	$16,286
Comprehensive earnings	$18,264	$29,275	$33,632	$48,177

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.