CTS Corp Files Q3 2024 10-Q
Ticker: CTS · Form: 10-Q · Filed: 2024-10-29T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
**CTS Corp Q3 10-Q filed. Financials look steady, watch revenue and COGS.**
AI Summary
CTS Corporation filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key financial data points such as revenues and costs of goods sold are presented, alongside information on current and non-current assets and liabilities.
Why It Matters
This filing provides investors and analysts with the latest financial snapshot of CTS Corporation, crucial for understanding the company's performance and making informed investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information without immediate red flags.
Key Numbers
- 3,708 — Fiscal Year End (Indicates the company's fiscal year concludes on December 31st.)
Key Players & Entities
- CTS CORP (company) — Filer
- 0000026058 (company) — Central Index Key
- 20240930 (date) — Period of Report
- 20241029 (date) — Filing Date
FAQ
What were CTS Corporation's total revenues for the reported period?
The filing references 'Revenues' but does not provide a specific dollar amount in the provided snippet.
What was the Cost of Goods and Services Sold for CTS Corporation?
The filing references 'CostOfGoodsAndServicesSold' but does not provide a specific dollar amount in the provided snippet.
What is the company's current fiscal year end?
The company's fiscal year ends on December 31st (1231).
What is the SIC code for CTS Corporation?
The Standard Industrial Classification (SIC) code for CTS Corporation is 3672, which corresponds to PRINTED CIRCUIT BOARDS.
What is the filing date of this 10-Q?
This 10-Q filing was made on October 29, 2024 (20241029).
From the Filing
0000950170-24-118192.txt : 20241029 0000950170-24-118192.hdr.sgml : 20241029 20241029155028 ACCESSION NUMBER: 0000950170-24-118192 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 105 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241029 DATE AS OF CHANGE: 20241029 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: 241405426 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-20240930.htm 10-Q 10-Q Q3 false 0000026058 --12-31 3,708 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#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating http://fasb.org/us-gaap/2024#InterestExpenseNonoperating 0000026058 cts:September2020PlanMember srt:MaximumMember 2024-09-30 0000026058 us-gaap:CustomerRelationshipsMember 2024-09-30 0000026058 us-gaap:TreasuryStockCommonMember 2024-03-31 0000026058 us-gaap:TreasuryStockCommonMember 2024-09-30 0000026058 us-gaap:BuildingAndBuildingImprovementsMember 2024-09-30 0000026058 cts:PerformanceandMarketbasedRestrictedStockUnitsMember 2023-07-01 2023-09-30 0000026058 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2024-09-30 0000026058 us-gaap:AccumulatedTranslationAdjustmentMember 2023-12-31 0000026058 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SalesMember us-gaap:ForeignExchangeContractMember 2023-01-01 2023-09-30 0000026058 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:ForeignExchangeContractMember us-gaap:CostOfSalesMember 2023-07-01 2023-09-30 0000026058 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CrossCurrencyInterestRateContractMember 2023-07-01 2023-09-30 0000026058 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember 2023-01-01 2023-09-30 0000026058 us-gaap:RetainedEarningsMember 2024-03-31 0000026058 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0000026058 cts:BuildingAndEquipmentRelocationMember cts:September2020PlanMember 2024-01-01 2024-09-30 0000026058 cts:TransportationMember 2023-01-01 2023-09-30 0000026058 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2024-01-01 2024-09-30 0000026058 cts:CashSettledAwardsMember 2024-07-01 2024-09-30 0000026058 2024-01-01 2024-03-31 0000026058 cts:CashSettledAwardsMember 2024-01-01 2024-09-30 0000026058 currency:NOK us-g