---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-055368"
form_type: "8-K"
ticker: "CTS"
cik: "0000026058"
company_name: "CTS CORP"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:59:24.874925+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CTS Q3 sales down 11% to $135M; adjusted EPS $0.54; cuts full-year guidance

## Summary
- Sales: $135M, down 11% YoY; non-transportation down 20%, transportation down 3%.
- Net income $14M (10.4% of sales) vs $12M (7.8%) YoY; diluted EPS $0.44 vs $0.37.
- Adjusted diluted EPS $0.54, down from $0.62; adjusted EBITDA margin 22.5%.
- Updated FY2023 guidance: sales $545-555M (prev $565-585M), adj diluted EPS $2.15-2.25 (prev $2.20-2.40).
- Operating cash flow $22M vs $60M (prior year included $34M one-time pension inflow).

## SEC filing metadata
- accession: 0000950170-23-055368
- form_type: 8-K
- ticker: CTS
- cik: 0000026058
- company_name: CTS CORP
- filed_at: 2023-10-26T23:59:59+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/26058/000095017023055368/0000950170-23-055368-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26058/000095017023055368/cts-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-055368
- JSON: https://secwatch.observer/filing/0000950170-23-055368.json
- Plain text: https://secwatch.observer/filing/0000950170-23-055368.txt

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