CTS Corp Files 2024 10-K
Ticker: CTS · Form: 10-K · Filed: 2025-02-26T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, financials, annual-report
TL;DR
CTS Corp dropped its 2024 10-K. Full financials out.
AI Summary
CTS Corporation filed its 2024 10-K on February 26, 2025, reporting on its fiscal year ending December 31, 2024. The company, based in Lisle, Illinois, operates in the printed circuit boards industry. The filing details its financial performance and business operations for the year.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of CTS Corporation's financial health and strategic direction for the past fiscal year.
Risk Assessment
Risk Level: low — This is a standard annual financial filing and does not inherently present new risks.
Key Players & Entities
- CTS CORP (company) — Filer
- 20241231 (date) — Period of Report
- 20250226 (date) — Filing Date
- LISLE (location) — City
- IL (location) — State
FAQ
What is the primary business of CTS Corporation?
CTS Corporation is primarily involved in the Printed Circuit Boards industry, as indicated by its Standard Industrial Classification code [3672].
When did CTS Corporation file its 2024 10-K?
CTS Corporation filed its 2024 10-K on February 26, 2025.
What period does this 10-K filing cover?
This 10-K filing covers the fiscal year ending December 31, 2024.
Where is CTS Corporation headquartered?
CTS Corporation is headquartered in Lisle, Illinois.
What is the SEC file number for this filing?
The SEC file number for this filing is 001-04639.
From the Filing
0000950170-25-027956.txt : 20250226 0000950170-25-027956.hdr.sgml : 20250226 20250226172509 ACCESSION NUMBER: 0000950170-25-027956 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 143 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250226 DATE AS OF CHANGE: 20250226 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: 25671532 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-20241231.htm 10-K 10-K FY false 0000026058 --12-31 P3Y P2Y http://fasb.org/us-gaap/2024#AccountingStandardsUpdate202307Member http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense 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#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#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#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#OtherNonoperatingIncomeExpense 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 http://ctscorp.com/20241231#ChairPresidentAndChiefExecutiveOfficerMember 0000026058 us-gaap:LineOfCreditMember cts:RevolvingCreditFacilityDue2024Member 2021-12-15 2021-12-15 0000026058 2025-02-21 0000026058 cts:GeographicDistributionMember cts:OtherNonUnitedStatesMember 2024-12-31 0000026058 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2023-01-01 2023-12-31 0000026058 cts:GeographicDistributionMember country:TW 2023-01-01 2023-12-31 0000026058 cts:CashSettledAwardsMember 2024-01-01 2024-12-31 0000026058 cts:VariesMember cts:FocusTwoThousandAndTwentyFivePerformanceRSUsMember 2024-12-31 0000026058 2021-09-30 0000026058 cts:TwoThousandNinePlanMember 2024-12-31 0000026058 cts:TransportationMember 2022-01-01 2022-12-31 0000026058 cts:A2018PlanMember 2024-12-31 0000026058 cts:FebruaryNineTwothousandTwentyThreeMember cts:TwoThousandTwentyThreeToTwoThousandTwentyFivePerformanceBasedRsusMember 2024-12-31 0000026058 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0000026058 cts:SyqwestLLCAcquisitionMember 2024-07-29 0000026058 2024-01-01 2024-12-31 0000026058 us-gaap:ForeignCountryMember 2023-01-01 2023-12-31 0000026058 us-gaap:RestrictedStockUnitsRSUMember 2022-01-01 2022-12-31 0000026058 us-gaap:SalesRevenueNetMember cts:ToyotaMotorCorporationMember us-gaap:CustomerConcentrationRiskMember 2022-01-01 2022-12-3