{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-050908","form_type":"8-K","ticker":"CTS","cik":"0000026058","company_name":"CTS CORP","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.486194+00:00","generated_at":"2026-06-03T03:22:01.742124+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 Q1 sales fall 14% YoY to $125.7M; EPS drops to $0.36 from $0.58","bullets":["Q1 sales $125.7M, down 14% YoY; non-transportation -17%, transportation -10%.","Net income $11M ($0.36 diluted EPS) vs. $18M ($0.58) in Q1 2023.","Adjusted EPS $0.47 (down from $0.61); adjusted EBITDA margin 20.3% (down from 21.9%).","Operating cash flow improved to $18M from $11M in prior-year quarter.","FY 2024 guidance reaffirmed: sales $530-570M, adjusted EPS $2.10-2.35."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-050908","json":"https://secwatch.observer/filing/0000950170-24-050908.json","markdown":"https://secwatch.observer/filing/0000950170-24-050908.md","text":"https://secwatch.observer/filing/0000950170-24-050908.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/26058/000095017024050908/0000950170-24-050908-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/26058/000095017024050908/cts-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:22:01.742124+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":"c090a2276a8d2e259b2064fea5ae7a0237aff09c","claim":"CTS CORP reported the first quarter ended March 31, 2024 results: revenue $125.7 million, net income $11 million, EPS $0.36.","evidence_excerpt":"Sales were $125.7 million, down 14% year-over-year, and up 1% sequentially compared to the fourth quarter of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/26058/000095017024050908/0000950170-24-050908-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$125.7 million"},{"label":"Net income","value":"$11 million"},{"label":"EPS","value":"$0.36"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d191b3a3780819b9b499598c9523eef8930cb0b5","claim":"CTS CORP reported 2024 results: revenue $530 - $570 million, EPS $2.10 - $2.35. Guidance reaffirmed.","evidence_excerpt":"CTS is maintaining its guidance of sales in the range of $530 - $570 million and adjusted diluted EPS to be in the range of $2.10 - $2.35.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/26058/000095017024050908/0000950170-24-050908-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2024"},{"label":"Revenue","value":"$530 - $570 million"},{"label":"EPS","value":"$2.10 - $2.35"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}