CTS Corporation (CTS)

CTS Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	515.77	550.42	586.87	512.93	424.07
Revenue Growth (YoY)	-6.30%	-6.21%	14.42%	20.95%	-9.58%
Cost of Revenue	326.62	359.56	372.14	328.31	285
Gross Profit	189.15	190.86	214.73	184.62	139.06
Selling, General & Admin	88.61	83.93	89.71	88.95	69.44
Research & Development	23.39	24.92	24.1	23.86	24.32
Operating Expenses	112	108.85	113.81	112.81	93.76
Operating Income	77.15	82.01	100.92	71.81	45.31
Interest Expense	-4.24	-3.33	-2.19	-2.11	-3.27
Interest & Investment Income	4.28	4.63	1.33	0.84	1.05
Currency Exchange Gain (Loss)	-1.69	-1.98	-4.88	-3.31	5.32
Other Non Operating Income (Expenses)	0.41	0.9	-8.34	-126.43	-0.07
EBT Excluding Unusual Items	75.92	82.23	86.84	-59.19	48.33
Merger & Restructuring Charges	-4.7	-7.07	-6.1	-1.69	-1.83
Asset Writedown	-	-	-	-	-1.02
Pretax Income	71.22	75.15	80.74	-60.88	45.48
Income Tax Expense	13.11	14.62	21.16	-19.01	10.79
Net Income	58.11	60.53	59.58	-41.87	34.69
Net Income to Common	58.11	60.53	59.58	-41.87	34.69
Net Income Growth	-4.00%	1.61%	-	-	-4.04%
Shares Outstanding (Basic)	30	31	32	32	32
Shares Outstanding (Diluted)	31	32	32	32	33
Shares Change (YoY)	-2.73%	-2.04%	-0.27%	-0.79%	-1.57%
EPS (Basic)	1.91	1.93	1.86	-1.30	1.07
EPS (Diluted)	1.89	1.92	1.85	-1.30	1.06
EPS Growth	-1.56%	3.78%	-	-	-2.75%
Free Cash Flow	80.65	74.07	106.86	70.5	61.93
Free Cash Flow Per Share	2.63	2.35	3.31	2.18	1.90
Dividend Per Share	0.160	0.160	0.160	0.160	0.160
Gross Margin	36.67%	34.67%	36.59%	35.99%	32.79%
Operating Margin	14.96%	14.90%	17.20%	14.00%	10.68%
Profit Margin	11.27%	11.00%	10.15%	-8.16%	8.18%
Free Cash Flow Margin	15.64%	13.46%	18.21%	13.74%	14.60%
EBITDA	108.08	110.72	130.68	98.74	71.98
EBITDA Margin	20.95%	20.12%	22.27%	19.25%	16.97%
D&A For EBITDA	30.92	28.71	29.75	26.93	26.67
EBIT	77.15	82.01	100.92	71.81	45.31
EBIT Margin	14.96%	14.90%	17.20%	14.00%	10.68%
Effective Tax Rate	18.41%	19.45%	26.21%	-	23.73%

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q