secwatch.observer — SEC 8-K summary
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Issuer:     CTS CORP (CTS)
CIK:        0000026058
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0000950170-23-001917
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTS Q4 sales up 7% to $142.3M, adjusted EPS $0.56; guides FY2023 sales $580-640M
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- Fourth-quarter revenue $142.3M (+7% YoY); non-transportation sales up 22%.
- Adjusted diluted EPS $0.56 (Q4 2021: $0.49); GAAP EPS $0.47 (Q4 2021: $0.28).
- Full-year 2022 revenue $586.9M (+14%), adjusted diluted EPS $2.46 (2021: $1.93).
- Adjusted EBITDA margin 22.8% for 2022 vs 21.0% in 2021.
- 2023 guidance: revenue $580-640M, adjusted diluted EPS $2.40-2.70.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26058/000095017023001917/0000950170-23-001917-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26058/000095017023001917/cts-20230207.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001917

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