---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-087512"
form_type: "8-K"
ticker: "CTS"
cik: "0000026058"
company_name: "CTS CORP"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:28:37.400101+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CTS Q2 sales $130M (-10% YoY); acquires SyQwest for $125M; updates FY guidance

## Summary
- Q2 sales $130M, down 10% YoY; net income $15M, diluted EPS $0.48; adjusted EPS $0.54.
- Adjusted EBITDA margin 21.7% (up from 21.3% YoY); operating cash flow $20M (down from $23M).
- Non-transportation sales up 11% sequentially and 4% YoY; transportation sales down 22% YoY.
- Acquired SyQwest (sonar/acoustic sensing for naval defense) on July 29 for $125M net, enhancing defense capabilities.
- Updated FY2024 guidance: sales $525-$540M, adjusted diluted EPS $2.05-$2.25, citing moderate growth expectations.

## SEC filing metadata
- accession: 0000950170-24-087512
- form_type: 8-K
- ticker: CTS
- cik: 0000026058
- company_name: CTS CORP
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/26058/000095017024087512/0000950170-24-087512-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26058/000095017024087512/cts-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-087512
- JSON: https://secwatch.observer/filing/0000950170-24-087512.json
- Plain text: https://secwatch.observer/filing/0000950170-24-087512.txt

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