---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-011541"
form_type: "8-K"
ticker: "CTS"
cik: "0000026058"
company_name: "CTS CORP"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:38:18.370971+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CTS Q4 sales down 12% to $125M; adj. EPS $0.47; launches $100M buyback

## Summary
- Q4 sales $125M (-12% YoY); net income $15M; diluted EPS $0.49; adjusted diluted EPS $0.47.
- FY2023 sales $550M (-6% YoY); adj. diluted EPS $2.22 (down from $2.46); adj. EBITDA margin 22%.
- 2024 guidance: sales $530-$570M; adj. diluted EPS $2.10-$2.35; expects soft H1, improving H2.
- Board approved $100M share repurchase program, replacing prior program with no expiration date.

## SEC filing metadata
- accession: 0000950170-24-011541
- form_type: 8-K
- ticker: CTS
- cik: 0000026058
- company_name: CTS CORP
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/26058/000095017024011541/0000950170-24-011541-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26058/000095017024011541/cts-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-011541
- JSON: https://secwatch.observer/filing/0000950170-24-011541.json
- Plain text: https://secwatch.observer/filing/0000950170-24-011541.txt

## Key facts
- Earnings Releases
  CTS CORP reported financial results for the fourth quarter and full-year ended December 31, 2023.
  - Period: the fourth quarter and full-year ended December 31, 2023
  - Result: reported results
  source text: On February 6, 2024, CTS Corporation (the "Company") issued a press release providing certain results for the fourth quarter and full-year ended December 31, 2023, as more fully described in the press release.
  evidence_url: https://www.sec.gov/Archives/edgar/data/26058/000095017024011541/0000950170-24-011541-index.htm

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