{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-034232","form_type":"8-K","ticker":"CTS","cik":"0000026058","company_name":"CTS CORP","filed_at":"2023-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.203172+00:00","generated_at":"2026-06-13T03:27:57.256523+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CTS Q2 sales flat YoY at $145.2M, net income $12.9M; cuts full-year guidance","bullets":["Q2 sales $145.2M (+0.1% YoY); transportation up 10%, non-transportation down 10%.","Adjusted diluted EPS $0.59 vs $0.62; adjusted EBITDA margin 21.3% vs 22.4%.","Full-year 2023 guidance lowered: sales now $565-$585M (was $580-$640M), adjusted EPS $2.20-$2.40.","Operating cash flow improved to $23.4M from $16.1M; first eBrake award and EV platform wins cited.","CEO cites continued softness in distribution and industrial end market."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-034232","json":"https://secwatch.observer/filing/0000950170-23-034232.json","markdown":"https://secwatch.observer/filing/0000950170-23-034232.md","text":"https://secwatch.observer/filing/0000950170-23-034232.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/26058/000095017023034232/0000950170-23-034232-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/26058/000095017023034232/cts-20230725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T03:27:57.256523+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"50c0a5d073e5b2f83c80c3db8f537678d2d41ec7","claim":"CTS CORP reported the second quarter ended June 30, 2023 results: revenue $145.2 million, net income $12.9 million, EPS $0.41 per diluted share. Guidance lowered.","evidence_excerpt":"• Sales were $145.2 million, up 0.1% year-over-year. Sales to the transportation end market increased 10% and sales to the non-transportation end markets decreased 10% over the same period last year. • Net income was $12.9 million, or 8.9% of sales, compared to $12.6 million, or 8.7% of sales, in the second quarter of 2022. • Earnings per share was $0.41 per diluted share compared to $0.39 per diluted share in the second quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/26058/000095017023034232/0000950170-23-034232-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$145.2 million"},{"label":"Net income","value":"$12.9 million"},{"label":"EPS","value":"$0.41 per diluted share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}