CTS Corporation (CTS)

CTS Corporation Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	513.03	550.42	586.87	512.93	424.07	469
Revenue Growth (YoY)	-9.68%	-6.21%	14.42%	20.95%	-9.58%	-0.32%
Cost of Revenue	329.72	359.56	372.14	328.31	285	311.42
Gross Profit	183.31	190.86	214.73	184.62	139.06	157.58
Selling, General & Admin	85.64	83.93	89.71	88.95	69.44	71.38
Research & Development	23.01	24.92	24.1	23.86	24.32	25.97
Operating Expenses	108.64	108.85	113.81	112.81	93.76	97.35
Operating Income	74.67	82.01	100.92	71.81	45.31	60.23
Interest Expense	-3.76	-3.33	-2.19	-2.11	-3.27	-2.65
Interest & Investment Income	5.34	4.63	1.33	0.84	1.05	1.74
Currency Exchange Gain (Loss)	-0.48	-1.98	-4.88	-3.31	5.32	-1.8
Other Non Operating Income (Expenses)	0.43	0.9	-8.34	-126.43	-0.07	0.13
EBT Excluding Unusual Items	76.2	82.23	86.84	-59.19	48.33	57.65
Merger & Restructuring Charges	-4.7	-7.07	-6.1	-1.69	-1.83	-7.45
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.06
Asset Writedown	-	-	-	-	-1.02	-
Pretax Income	71.5	75.15	80.74	-60.88	45.48	50.27
Income Tax Expense	11.67	14.62	21.16	-19.01	10.79	14.12
Earnings From Continuing Operations	59.83	60.53	59.58	-41.87	34.69	36.15
Net Income	59.83	60.53	59.58	-41.87	34.69	36.15
Net Income to Common	59.83	60.53	59.58	-41.87	34.69	36.15
Net Income Growth	-0.54%	1.61%	-	-	-4.04%	-22.32%
Shares Outstanding (Basic)	31	31	32	32	32	33
Shares Outstanding (Diluted)	31	32	32	32	33	33
Shares Change (YoY)	-3.00%	-2.04%	-0.28%	-0.79%	-1.57%	-1.38%
EPS (Basic)	1.95	1.93	1.86	-1.30	1.07	1.11
EPS (Diluted)	1.94	1.92	1.85	-1.30	1.06	1.09
EPS Growth	2.12%	3.78%	-	-	-2.75%	-21.58%
Free Cash Flow	89.36	74.07	106.86	70.5	61.93	42.67
Free Cash Flow Per Share	2.89	2.35	3.31	2.18	1.90	1.29
Dividend Per Share	0.160	0.160	0.160	0.160	0.160	0.160
Gross Margin	35.73%	34.67%	36.59%	35.99%	32.79%	33.60%
Operating Margin	14.55%	14.90%	17.20%	14.00%	10.68%	12.84%
Profit Margin	11.66%	11.00%	10.15%	-8.16%	8.18%	7.71%
Free Cash Flow Margin	17.42%	13.46%	18.21%	13.74%	14.60%	9.10%
EBITDA	104.6	110.72	130.68	98.74	71.98	84.85
EBITDA Margin	20.39%	20.12%	22.27%	19.25%	16.97%	18.09%
D&A For EBITDA	29.93	28.71	29.75	26.93	26.67	24.62
EBIT	74.67	82.01	100.92	71.81	45.31	60.23
EBIT Margin	14.55%	14.90%	17.20%	14.00%	10.68%	12.84%
Effective Tax Rate	16.32%	19.45%	26.21%	-	23.73%	28.09%

Source: S&P Capital IQ. Standard template. Financial Sources.