CTS Corp Files 2023 10-K, Details Financials
Ticker: CTS · Form: 10-K · Filed: 2024-02-23T00:00:00.000Z
Sentiment: neutral
Topics: earnings, regulatory-filing
TL;DR
**CTS Corp just dropped its 2023 10-K, giving us the full financial picture for the year!**
AI Summary
CTS Corp, a manufacturer of printed circuit boards, filed its 10-K on February 23, 2024, for the fiscal year ended December 31, 2023. The filing details the company's financial performance and operational status, with its business address located at 4925 Indiana Avenue, Lisle, IL 60532. The company's Central Index Key is 0000026058.
Why It Matters
This filing provides a comprehensive overview of CTS Corp's financial health and operational activities, crucial for investors and stakeholders to assess its performance and future prospects.
Risk Assessment
Risk Level: medium — Without specific financial figures like revenue or net income, it's difficult to assess precise risk, but a 10-K filing generally indicates ongoing business operations with inherent market risks.
Key Players & Entities
- CTS CORP (company) — Filer of the 10-K
- 0000026058 (company) — Central Index Key for CTS CORP
- February 23, 2024 (date) — Date of 10-K filing
- December 31, 2023 (date) — Conformed period of report end date
- 4925 Indiana Avenue, Lisle, IL 60532 (company) — Business and Mail Address of CTS CORP
FAQ
What is the Central Index Key (CIK) for CTS CORP?
The Central Index Key (CIK) for CTS CORP is 0000026058.
When was the 10-K filing submitted by CTS CORP?
The 10-K filing by CTS CORP was submitted on February 23, 2024.
What is the fiscal year end for CTS CORP as per this filing?
The fiscal year end for CTS CORP is December 31, 2023.
What is the business address of CTS CORP?
The business address of CTS CORP is 4925 Indiana Avenue, Lisle, IL 60532.
What is the Standard Industrial Classification (SIC) for CTS CORP?
The Standard Industrial Classification (SIC) for CTS CORP is PRINTED CIRCUIT BOARDS [3672].
From the Filing
0000950170-24-019292.txt : 20240223 0000950170-24-019292.hdr.sgml : 20240223 20240223150549 ACCESSION NUMBER: 0000950170-24-019292 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 138 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240223 DATE AS OF CHANGE: 20240223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CTS CORP CENTRAL INDEX KEY: 0000026058 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 350225010 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04639 FILM NUMBER: 24670659 BUSINESS ADDRESS: STREET 1: 4925 INDIANA AVENUE CITY: LISLE STATE: IL ZIP: 60532 BUSINESS PHONE: 6305778800 MAIL ADDRESS: STREET 1: 4925 INDIANA AVENUE CITY: LISLE STATE: IL ZIP: 60532 10-K 1 cts-20231231.htm 10-K 10-K --12-31 false FY 0000026058 P3Y P2Y http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#Revenues http://fasb.org/us-gaap/2023#Revenues http://fasb.org/us-gaap/2023#Revenues http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#SellingGeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#InterestExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense 0000026058 us-gaap:ForwardContractsMember us-gaap:FairValueMeasurementsRecurringMember 2022-01-01 2022-12-31 0000026058 cts:TEWATemperatureSennsorsSPZoOMember 2023-01-01 2023-12-31 0000026058 us-gaap:CommonStockMember 2020-12-31 0000026058 cts:FerropermPiezoceramicsAsAcquisitionMember 2022-06-30 0000026058 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0000026058 cts:AssetImpairmentMember cts:MatamorosConsolidationMember 2023-01-01 2023-12-31 0000026058 country:US 2021-12-31 0000026058 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0000026058 us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2021-01-01 2021-12-31 0000026058 us-gaap:CommonStockMember 2021-12-31 0000026058 us-gaap:BuildingAndBuildingImprovementsMember srt:MinimumMember 2023-12-31 0000026058 cts:September2020PlanMember 2022-12-30 0000026058 us-gaap:ForeignExchangeContractMember 2023-12-31 0000026058 us-gaap:TreasuryStockCommonMember 2020-12-31 0000026058 cts:CashSettledAwardsMember 2023-01-01 2023-12-31 0000026058 srt:MaximumMember cts:MaglabAgAcquisitionMember 2023-02-06 2023-02-06 0000026058 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0000026058 cts:IndustrialMember 2021-01-01 2021-12-31 0000026058 us-gaap:MachineryAndEquipmentMember 2022-12-31 0000026058 cts:GeographicDistributionMember country:TW 2022-01-01 2022-12-31 0000026058 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2022-12-31 0000026058 us-gaap:AccumulatedGainL