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CTS CORP (CTS)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues   [+]586.9512.9424.1469.0470.5423.0396.7382.3
            Revenue growth  14.4%21.0%-9.6%-0.3%11.2%6.6%3.8%-5.4%
Cost of goods sold  376.3328.3285.0311.4305.5282.6256.3255.2
Gross profit  210.5184.6139.1157.6165.0140.4140.4127.1
            Gross margin  35.9%36.0%32.8%33.6%35.1%33.2%35.4%33.2%
Selling, general and administrative  91.582.667.87.473.671.961.659.6
Research and development  24.123.924.3 25.325.124.022.5
Other operating expenses     96.0   14.5
EBITDA   [+]124.7105.173.678.888.664.073.846.8
            EBITDA margin  21.2%20.5%17.4%16.8%18.8%15.1%18.6%12.2%
Depreciation  18.117.517.616.815.714.113.212.2
EBITA  106.587.656.061.972.949.960.634.6
            EBITA margin  18.2%17.1%13.2%13.2%15.5%11.8%15.3%9.0%
Amortization of intangibles  11.69.49.17.86.86.65.84.0
EBIT   [+]94.978.247.054.266.143.354.830.5
            EBIT margin  16.2%15.2%11.1%11.5%14.0%10.2%13.8%8.0%
Non-recurring items   [+]1.91.71.87.45.14.8-8.412.4
Interest expense, net   [+]0.91.32.2-1.70.32.12.4-0.4
Other income (expense), net   [+]-11.4-136.12.64.5-2.73.8-3.5-6.3
Pre-tax income  80.7-60.945.550.358.140.357.212.3
Income taxes  21.2-19.010.814.111.625.822.95.3
            Tax rate  26.2%31.2%23.7%28.1%19.9%64.1%39.9%43.3%
Net income  59.6-41.934.736.146.514.434.47.0
            Net margin  10.2%-8.2%8.2%7.7%9.9%3.4%8.7%1.8%
   
Basic EPS   [+]$1.86($1.30)$1.07$1.11$1.41$0.44$1.05$0.21
Diluted EPS   [+]$1.85($1.30)$1.06$1.09$1.39$0.43$1.03$0.21
   
Dividends per share  $0.16$0.16$0.16$0.16$0.16$0.16$0.16$0.16
   
Shares outstanding (basic)   [+]32.032.332.332.733.032.932.733.0
Shares outstanding (diluted)   [+]32.232.332.633.133.633.433.333.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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