CTS Corp Files Q1 2025 10-Q
Ticker: CTS · Form: 10-Q · Filed: 2025-04-30T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, quarterly-report, manufacturing
TL;DR
CTS Corp's Q1 2025 10-Q is in. Check financials.
AI Summary
CTS Corporation filed its quarterly report for the period ending March 31, 2025. The company's primary business is in printed circuit boards. Key financial data and operational details for the first quarter of 2025 are presented in this filing.
Why It Matters
This filing provides investors with an update on CTS Corp's financial performance and operational status for the first quarter of 2025, impacting investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Players & Entities
- CTS CORP (company) — Filer
- 20250331 (date) — Reporting Period End Date
- 20250430 (date) — Filing Date
- PRINTED CIRCUIT BOARDS [3672] (industry) — Standard Industrial Classification
- 4925 INDIANA AVENUE (address) — Business Address
- LISLE (city) — Business Address City
- IL (state) — Business Address State
- 60532 (zip_code) — Business Address Zip
- 6305778800 (phone_number) — Business Phone
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20250331, meaning the filing covers the period ending March 31, 2025.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20250430.
What is CTS Corp's Standard Industrial Classification code?
CTS Corp's SIC code is 3672, which corresponds to Printed Circuit Boards.
What is the business address of CTS Corp?
The business address is 4925 Indiana Avenue, Lisle, IL 60532.
What is the fiscal year end for CTS Corp?
The fiscal year end for CTS Corp is December 31 (1231).
From the Filing
0000950170-25-060885.txt : 20250430 0000950170-25-060885.hdr.sgml : 20250430 20250430135555 ACCESSION NUMBER: 0000950170-25-060885 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 99 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250430 DATE AS OF CHANGE: 20250430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CTS CORP CENTRAL INDEX KEY: 0000026058 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] ORGANIZATION NAME: 04 Manufacturing EIN: 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: 25893589 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-20250331.htm 10-Q 10-Q --12-31 0000026058 Q1 false 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#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#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://ctscorp.com/20250331#ChairPresidentAndChiefExecutiveOfficerMember 0000026058 cts:RevolvingCreditFacilityDue2024Member 2024-12-31 0000026058 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0000026058 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:FairValueInputsLevel1Member us-gaap:CashFlowHedgingMember us-gaap:FairValueMeasurementsRecurringMember 2025-03-31 0000026058 us-gaap:CommonStockMember 2025-03-31 0000026058 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2023-12-31 0000026058 cts:TransportationMember 2024-01-01 2024-03-31 0000026058 srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember 2024-01-01 2024-09-30 0000026058 2024-01-01 2024-09-30 0000026058 cts:SyqwestLLCAcquisitionMember 2024-07-29 0000026058 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2025-01-01 2025-03-31 0000026058 cts:BuildingAndEquipmentRelocationMember 2025-01-01 2025-03-31 0000026058 us-gaap:RetainedEarningsMember 2024-12-31 0000026058 cts:ContingentConsiderationMember 2024-12-31 0000026058 2024-01-01 2024-03-31 0000026058 us-gaap:TreasuryStockCommonMember 2024-12-31 0000026058 us-gaap:AccumulatedTranslationAdjustmentMember 2025-01-01 2025-03-31 0000026058 cts:AssetImpairmentAndOtherChargersMember 2025-01-01 2025-03-31 0000026058 us-gaap:ForwardContractsMember 2025-03-31 0000026058 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember 2025-01-01 2025-03-31 0000026058 cts:ServiceBasedRestrictedStockUnitsMember 2025-03-31 0000026058 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SalesMember us-gaap:ForeignExchangeContractMember 2024-01-01 2024-03-31 0000026058 cts:ContingentConsiderationMember 2025-01-01 2025-03-31 0000026058 2023-12-31 0000026058 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-01-01 2024-03-31 0000026058 2024-01-01 2024-12-31 0000026058 us-gaap:TechnologyBasedIntangibleAssetsMember 2024-12-31 0000026058 us-gaap:TreasuryStockCommonMember 2025-03-31 0000026058 srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember 2024-09-30 0000026058 cts:ServiceBasedRestrictedStockUnitsMember 2024-01-01 2024-03-31 0000026058 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CrossCurrencyInterestRat