Short answer
CTS CORP (CTS) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $541M (+5.0% year over year) and net income of $65M.
- Top risk flagged: Acquisition of SyQwest for $121.9M on July 29, 2024, funded by cash and borrowings under prior revolving credit facility
FY2025 key financial metrics · XBRL
- Revenue
- $541M
- +5.0% YoY
- Net income
- $65M
- +12.4% YoY
- Operating margin
- 15.3%
- +1.2 pp YoY
- Gross margin
- 38.4%
- +1.8 pp YoY
- EPS (diluted)
- $2.19
- +15.9% YoY
- ROE
- 11.8%
- +0.9 pp YoY
- Operating cash flow
- $102M
- +2.8% YoY
Source: XBRL data from the CTS CORP (CTS) FY2025 10-K on SEC EDGAR. USD.
CTS CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model information not detailed; filing focuses on equity compensation and governance
- Equity compensation plans include 786,209 securities outstanding with $36.48 weighted-average exercise price
- 1,017,684 shares available for future issuance under approved equity plans as of December 31, 2025
- Deferred stock accounts hold 4,722 CTS common stock units for non-employee directors, plan amended in 2004
- No new products, segments, or strategic shifts disclosed in business section this year
Management Discussion & Analysis
- Revenue $541.3M, up 5.2% YoY ($26.6M increase) driven by aerospace, defense, medical markets, SyQwest acquisition adding $22.3M
- Gross margin 38.4% vs 36.4%, operating margin 15.3% vs 13.8%, net earnings $65.3M up 17.7%, diluted EPS $2.19 vs $1.81
- Best segment: diversified end markets up $43.0M or 16.3%; worst segment: transportation down $16.4M or 6.6%
- Operating cash flow $102.1M; capital expenditures $15.7M; treasury stock repurchases $56.2M; dividends $4.8M; debt reduced by $34.8M
- New $300M revolving credit facility secured, matures 2030, management expects adequate liquidity; risk includes market softness and EPA settlement charge
Risk Factors
- Acquisition of SyQwest for $121.9M on July 29, 2024, funded by cash and borrowings under prior revolving credit facility
- Exposure to cyclicality in transportation market; warranty reserves 0.3%-0.4% of net sales, impacting product quality liability estimates
- Operating lease obligations $25.3M with $3.45M due within 12 months for land, buildings, equipment critical to operations
- Goodwill impairment testing relies on market capitalization and discount rates; risk of impairment if market cap declines significantly
- Long-term debt $57.5M principal under Revolving Credit Facility with $12.0M interest payments through maturity, interest rate swaps hedge $50M through Dec 2026
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