CTS CORP
For the period ended Sep 30, 2026. Filed Oct 27, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 27, 2026
CTS$60.50+4.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED CONSOLIDATED STATEM ENTS OF EARNINGS - UNAUDITED
(In thousands, except per share amounts)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, | September 30, | September 30, | September 30, | |
| 2026 | 2025 | 2026 | 2025 | |
| Net sales | $149,583 | $142,970 | $433,593 | $404,047 |
| Cost of goods sold | $86,431 | 87,629 | 255,407 | 249,727 |
| Gross margin | $63,152 | 55,341 | 178,186 | 154,320 |
| Selling, general and administrative expenses | $30,812 | 27,222 | 85,185 | 73,922 |
| Research and development expenses | $6,333 | 6,901 | 17,730 | 19,416 |
| Restructuring charges | $468 | 280 | 948 | 1,028 |
| Operating earnings | $25,539 | 20,938 | 74,323 | 59,954 |
| Other income (expense): | ||||
| Interest expense | $(630) | (1,110) | (2,042) | (3,398) |
| Interest income | $782 | 535 | 1,832 | 1,603 |
| Other income (expense), net | $12,534 | (643) | 12,023 | 665 |
| Total other income (expense), net | $12,686 | (1,218) | 11,813 | (1,130) |
| Earnings before income taxes | $38,225 | 19,720 | 86,136 | 58,824 |
| Income tax expense | $20,468 | 6,033 | 32,018 | 13,243 |
| Net earnings | $17,757 | $13,687 | $54,118 | $45,581 |
| Earnings per share: | ||||
| Basic | $0.62 | $0.47 | $1.89 | $1.53 |
| Diluted | $0.61 | $0.46 | $1.87 | $1.52 |
| Basic weighted – average common shares outstanding: | 28,547 | 29,348 | 28,605 | 29,698 |
| Effect of dilutive securities | 370 | 279 | 342 | 281 |
| Diluted weighted – average common shares outstanding: | 28,917 | 29,627 | 28,947 | 29,979 |
| Cash dividends declared per share | $0.04 | $0.04 | $0.12 | $0.12 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS ‑ UNAUDITED
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, | September 30, | September 30, | September 30, | |
| 2026 | 2025 | 2026 | 2025 | |
| Net earnings | $17,757 | $13,687 | $54,118 | $45,581 |
| Other comprehensive (loss) earnings: | ||||
| Changes in fair market value of derivatives, net of tax | (888) | 1,160 | (361) | 4,883 |
| Changes in unrealized pension cost, net of tax | (3) | 45 | - | (64) |
| Cumulative translation adjustment, net of tax | (1,427) | (631) | (4,686) | 12,041 |
| Other comprehensive (loss) earnings | $(2,318) | $574 | $(5,047) | $16,860 |
| Comprehensive earnings | $15,439 | $14,261 | $49,071 | $62,441 |
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