CTS Corp Files Q2 2024 10-Q
Ticker: CTS · Form: 10-Q · Filed: 2024-07-30T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, manufacturing
TL;DR
CTS Corp Q2 10-Q filed. Financials and operations detailed.
AI Summary
CTS Corporation filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter. Key financial metrics and business segment information are presented, reflecting the company's ongoing activities in the manufacturing sector, specifically printed circuit boards.
Why It Matters
This filing provides investors and analysts with the official financial results and operational details for CTS Corp's second quarter, crucial for understanding the company's current performance and future outlook.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Players & Entities
- CTS CORP (company) — Filer
- 20240630 (date) — Period of Report
- 20240730 (date) — Filing Date
- PRINTED CIRCUIT BOARDS [3672] (industry) — Standard Industrial Classification
FAQ
What is the filing date for this 10-Q report?
The filing date for this 10-Q report is July 30, 2024.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending June 30, 2024.
What is the Standard Industrial Classification code for CTS Corp?
The Standard Industrial Classification code for CTS Corp is 3672, which corresponds to Printed Circuit Boards.
Where is CTS Corp headquartered?
CTS Corp is headquartered in Lisle, Illinois.
What is the SEC file number for CTS Corp?
The SEC file number for CTS Corp is 001-04639.
From the Filing
0000950170-24-087814.txt : 20240730 0000950170-24-087814.hdr.sgml : 20240730 20240730155005 ACCESSION NUMBER: 0000950170-24-087814 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 103 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240730 DATE AS OF CHANGE: 20240730 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-04639 FILM NUMBER: 241157155 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-Q 1 cts-20240630.htm 10-Q 10-Q Q2 0000026058 false --12-31 http://fasb.org/us-gaap/2024#OtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#Revenues http://fasb.org/us-gaap/2024#Revenues http://fasb.org/us-gaap/2024#Revenues http://fasb.org/us-gaap/2024#Revenues http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#InterestExpense http://fasb.org/us-gaap/2024#InterestExpense http://fasb.org/us-gaap/2024#InterestExpense http://fasb.org/us-gaap/2024#InterestExpense http://fasb.org/us-gaap/2024#InterestExpense http://fasb.org/us-gaap/2024#InterestExpense http://fasb.org/us-gaap/2024#InterestExpense http://fasb.org/us-gaap/2024#InterestExpense 0000026058 cts:September2020PlanMember 2020-09-01 2024-06-30 0000026058 us-gaap:RetainedEarningsMember 2023-03-31 0000026058 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000026058 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000026058 us-gaap:PensionPlansDefinedBenefitMember country:US 2023-01-01 2023-06-30 0000026058 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:FairValueInputsLevel3Member us-gaap:CashFlowHedgingMember us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0000026058 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-03-31 0000026058 us-gaap:AccumulatedTranslationAdjustmentMember 2023-03-31 0000026058 srt:MinimumMember cts:September2020PlanMember 2020-09-30 0000026058 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember us-gaap:ForwardContractsMember 2024-06-30 0000026058 us-gaap:CommonStockMember 2022-12-31 0000026058 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:ForeignExchangeContractMember 2024-01-01 2024-06-30 0000026058 us-gaap:PensionPlansDefinedBenefitMember country:US 2023-04-01 2023-06-30 0000026058 cts:RevolvingCreditFacilityDue2024Member 2016-05-23 0000026058 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0000026058 us-gaap:RevolvingCreditFacilityMember srt:MinimumMember 2024-01-01 2024-06-30 0000026058 us-gaap:LandAndLandImprovementsMember 2023-12-31 0000026058 us-gaap:CustomerRelationshipsMember 2023-12-31 0000026058 cts:ContingentConsiderationMember 2024-01-01 2024-06-30 0000026058 cts:BuildingAndEquipmentRelocationMember cts:September2020PlanMember 2024-01-01 2024-06-30 0000026058 cts:SyqwestLLCAcquisitionMember us-gaap:SubsequentEventMember 2024-07-29 2024-07-29 0000026058 cts:OtherChargesMember 2024-04-01 2024-06-30 0000026058 srt:MinimumMember cts:September2020PlanMember 2024-06-30 0000026058 us-gaap:DesignatedAsHedgingI