secwatch.observer — SEC 8-K summary
======================================

Issuer:     CTS CORP (CTS)
CIK:        0000026058
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0000950170-22-020108
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTS Q3 revenue up 24% to $151.9M; adjusted EPS $0.62 vs $0.46
-------------------------------------------------------------

- Sales $151.9M (+24% YoY); net income $11.8M vs $63.9M net loss in Q3 2021.
- Adjusted diluted EPS $0.62, up from $0.46; Adjusted EBITDA margin 22.3% vs 21.7%.
- FY2022 sales guidance raised to $585-595M; adjusted EPS guidance unchanged at $2.40-2.55.
- Operating cash flow $60.4M, including $34M from pension termination; non-transport sales +22.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26058/000095017022020108/0000950170-22-020108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26058/000095017022020108/cts-20221026.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-020108

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