CTS CORP (CTS) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — CTS

Balance Sheet

(in millions USD)

Metric	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	90.85	110.30	99.44	90.29	94.88	161.25	162.43	160.11	150.88	143.54	147.91	98.74	126.12	128.53	117.40	103.39
Accounts Receivable	93.77	85.87	85.58	81.44	86.36	85.38	80.66	89.56	97.52	97.71	97.00	98.95	95.11	78.21	80.80	81.57
Inventory	57.27	54.25	57.10	53.88	57.29	51.67	57.78	65.38	62.56	63.47	63.47	64.16	52.45	50.87	48.97	47.56
Total Current Assets	266.02	276.18	261.75	243.54	255.56	314.86	318.22	334.32	329.88	322.64	326.40	278.55	292.05	277.45	263.34	246.64
Property, Plant & Equipment	89.40	90.58	93.53	93.79	93.47	91.76	91.63	92.88	94.96	96.28	95.91	99.64	97.04	92.53	93.02	94.85
Goodwill	208.67	207.25	207.55	203.36	194.82	156.06	156.33	154.13	155.93	155.65	138.95	139.62	117.52	109.80	109.90	109.47
Intangible Assets	148.63	157.44	161.79	161.93	180.87	96.83	99.95	103.83	108.72	109.71	106.21	112.82	79.85	72.24	74.58	76.93
Total Non-current Assets*	511.14	514.19	522.98	521.99	533.83	410.76	414.62	419.64	426.03	424.36	408.28	451.08	392.70	374.52	383.95	388.03
Total Assets	777.16	790.37	784.73	765.53	789.39	725.62	732.84	753.96	755.91	747.01	734.68	729.63	684.75	651.97	647.30	634.67
Accounts Payable	50.33	48.07	47.27	43.18	44.95	40.86	45.61	49.85	53.12	53.41	65.69	60.66	60.01	48.98	47.75	53.32
Total Current Liabilities	105.41	104.77	100.47	92.43	103.80	92.45	95.95	103.43	107.18	105.78	121.94	115.38	115.04	105.07	102.31	106.71
Total Non-current Liabilities*	114.27	137.95	134.11	134.86	154.79	110.42	115.61	127.87	127.33	127.10	122.13	128.31	89.53	89.53	90.68	92.24
Total Liabilities	219.68	242.72	234.57	227.29	258.59	202.87	211.56	231.30	234.51	232.87	244.07	243.69	204.57	194.60	192.99	198.95
Retained Earnings	729.52	694.88	682.36	665.02	643.09	625.61	612.12	588.14	575.42	563.79	533.04	522.51	511.20	484.37	549.55	549.98
Total Stockholder Equity	557.48	547.65	550.16	538.24	530.81	522.75	521.29	522.67	521.40	514.14	490.61	485.95	480.18	457.37	454.31	435.72

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Total Revenue	139.23	137.27	142.97	135.31	125.77	127.44	132.42	130.16	125.75	124.69	134.55	145.18	145.99	142.28	151.91	144.98	147.70	132.53	122.38	129.59
Cost of Revenue	84.24	83.57	87.63	82.88	79.22	79.54	82.64	83.79	80.66	82.63	88.15	94.44	94.34	91.28	98.57	93.13	93.36	83.86	76.72	81.89
Gross Profit	54.99	53.71	55.34	52.43	46.55	47.90	49.79	46.37	45.09	42.06	46.40	50.74	51.65	51.00	53.35	51.85	54.34	48.67	45.66	47.70
Research & Development	6.63	5.85	6.90	6.33	6.19	5.67	5.03	6.09	6.60	5.29	6.32	6.72	6.59	5.41	6.21	6.29	6.19	5.69	6.45	6.03
Selling, General & Admin	25.98	24.80	27.22	23.08	23.62	22.18	22.51	21.33	22.26	19.48	18.67	23.69	21.98	23.49	24.00	22.24	21.79	23.41	19.92	20.94
Total Operating Expenses	33.00	31.02	34.40	29.70	30.26	28.90	28.31	28.61	30.55	25.81	28.21	32.31	29.48	29.37	30.70	29.16	28.29	30.24	26.70	27.12
Operating Income	21.98	22.69	20.94	22.73	16.29	19.01	21.48	17.76	14.54	16.26	18.19	18.43	22.18	21.63	22.64	22.69	26.05	18.43	18.97	20.58
Interest Expense	--	--	--	--	--	--	--	0.83	0.80	0.82	1.00	0.82	0.69	0.70	0.34	0.60	0.55	0.53	0.51	0.51
Pretax Income	21.67	24.95	19.72	22.98	16.12	17.35	22.45	17.77	13.66	17.63	18.74	16.08	22.71	20.77	17.30	16.92	25.75	14.75	(89.82)	(0.60)
Tax Provision	4.48	5.21	6.03	4.46	2.76	3.74	3.76	3.06	2.54	2.31	4.77	3.18	4.37	5.83	5.50	4.32	5.51	5.59	(25.92)	(1.48)
Net Income	17.20	19.74	13.69	18.53	13.37	13.61	18.68	14.71	11.12	15.32	13.97	12.90	18.34	14.94	11.80	12.60	20.24	9.16	(63.90)	0.88
Basic EPS	0.60	0.67	0.47	0.62	0.45	0.45	0.62	0.48	0.36	0.49	0.45	0.41	0.58	0.47	0.37	0.39	0.63	0.27	(1.97)	0.03
Diluted EPS	0.59	0.67	0.46	0.62	0.44	0.44	0.61	0.48	0.36	0.49	0.44	0.41	0.58	0.46	0.37	0.39	0.63	0.27	(1.97)	0.03

Cash Flow Statement

(in millions USD)

Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Operating Cash Flow	17.30	29.21	29.02	28.35	15.52	25.95	35.40	19.63	18.31	32.07	22.14	23.42	11.19	25.46	60.39	16.07	19.29	26.02	21.33	18.68
Capital Expenditures	5.00	3.19	4.80	3.28	4.47	6.10	3.87	4.64	4.04	3.50	2.75	3.95	4.54	5.07	2.27	3.59	3.40	7.50	4.17	2.33
Free Cash Flow*	12.30	26.02	24.23	25.07	11.05	19.85	31.52	14.99	14.28	28.57	19.39	19.47	6.65	20.39	58.12	12.48	15.89	18.52	17.16	16.34
Investing Cash Flow	(2.11)	(5.97)	(4.80)	(3.28)	(4.46)	(6.10)	(125.78)	(4.64)	(4.03)	(3.50)	(2.75)	(3.95)	(7.90)	(5.40)	(2.27)	(75.64)	(27.88)	(7.50)	(4.17)	(2.59)
Financing Cash Flow	(6.44)	(51.03)	(15.05)	(16.45)	(15.90)	(20.44)	24.57	(15.75)	(16.31)	(25.46)	(9.97)	(13.34)	(16.62)	(11.29)	(8.77)	31.16	(6.77)	(5.30)	(6.40)	(1.72)

* Derived from reported values

Dividends Per Share

(USD)

Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Dividends Per Share	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04