---
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"
generated_at: "2026-06-13T03:27:57.256523+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CTS Q2 sales flat YoY at $145.2M, net income $12.9M; cuts full-year guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-034232
- JSON: https://secwatch.observer/filing/0000950170-23-034232.json
- Plain text: https://secwatch.observer/filing/0000950170-23-034232.txt

## Key facts
- Earnings Releases
  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.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $145.2 million
  - Net income: $12.9 million
  - EPS: $0.41 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/26058/000095017023034232/0000950170-23-034232-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.