---
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"
generated_at: "2026-06-03T03:22:01.742124+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CTS Q1 sales fall 14% YoY to $125.7M; EPS drops to $0.36 from $0.58

## Summary
- 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.

## SEC filing metadata
- 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
- 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/26058/000095017024050908/0000950170-24-050908-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26058/000095017024050908/cts-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-050908
- JSON: https://secwatch.observer/filing/0000950170-24-050908.json
- Plain text: https://secwatch.observer/filing/0000950170-24-050908.txt

## Key facts
- Earnings Releases
  CTS CORP reported the first quarter ended March 31, 2024 results: revenue $125.7 million, net income $11 million, EPS $0.36.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $125.7 million
  - Net income: $11 million
  - EPS: $0.36
  - Result: reported results
  source text: Sales were $125.7 million, down 14% year-over-year, and up 1% sequentially compared to the fourth quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/26058/000095017024050908/0000950170-24-050908-index.htm
- Earnings Releases
  CTS CORP reported 2024 results: revenue $530 - $570 million, EPS $2.10 - $2.35. Guidance reaffirmed.
  - Period: 2024
  - Revenue: $530 - $570 million
  - EPS: $2.10 - $2.35
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/26058/000095017024050908/0000950170-24-050908-index.htm

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