secwatch.observer — SEC 8-K summary
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Issuer:     CTS CORP (CTS)
CIK:        0000026058
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0000950170-22-013038
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTS Q2 sales up 12% to $145M, adj. EPS $0.62; raises FY2022 guidance
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- Q2 sales $145M (+12% YoY); net income $12.6M ($0.39 diluted) vs $0.9M a year ago.
- Adjusted diluted EPS $0.62, up from $0.52; Adj. EBITDA margin 22.4% (+90 bps).
- Raises FY2022 guidance: sales $570-600M, adj. EPS $2.40-2.55 (prev $2.20-2.45).
- Non-transportation sales grew 21%, transportation up 4%; Ferroperm acquisition contributed.
- Operating cash flow $16.1M, down from $18.7M due to FX impact.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26058/000095017022013038/0000950170-22-013038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26058/000095017022013038/cts-20220726.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer