CTS Corp
NYSE:CTS
Income Statement
Earnings Waterfall
CTS Corp
Revenue
|
550.4m
USD
|
Cost of Revenue
|
-359.6m
USD
|
Gross Profit
|
190.9m
USD
|
Operating Expenses
|
-108.7m
USD
|
Operating Income
|
82.1m
USD
|
Other Expenses
|
-21.6m
USD
|
Net Income
|
60.5m
USD
|
Income Statement
CTS Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
410
N/A
|
412
+1%
|
410
-1%
|
406
-1%
|
404
-1%
|
402
-1%
|
399
-1%
|
389
-2%
|
382
-2%
|
381
0%
|
379
0%
|
388
+2%
|
397
+2%
|
400
+1%
|
407
+2%
|
414
+2%
|
423
+2%
|
436
+3%
|
449
+3%
|
461
+3%
|
471
+2%
|
475
+1%
|
477
+1%
|
474
-1%
|
469
-1%
|
455
-3%
|
418
-8%
|
416
0%
|
424
+2%
|
449
+6%
|
495
+10%
|
503
+2%
|
513
+2%
|
532
+4%
|
548
+3%
|
577
+5%
|
587
+2%
|
585
0%
|
585
+0%
|
568
-3%
|
550
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(288)
|
(287)
|
(283)
|
(279)
|
(274)
|
(270)
|
(268)
|
(259)
|
(255)
|
(252)
|
(249)
|
(253)
|
(256)
|
(259)
|
(265)
|
(270)
|
(283)
|
(292)
|
(298)
|
(306)
|
(306)
|
(307)
|
(311)
|
(313)
|
(311)
|
(305)
|
(283)
|
(281)
|
(285)
|
(301)
|
(325)
|
(325)
|
(328)
|
(336)
|
(347)
|
(369)
|
(376)
|
(377)
|
(379)
|
(368)
|
(360)
|
|
Gross Profit |
121
N/A
|
125
+3%
|
127
+1%
|
127
+0%
|
130
+2%
|
132
+1%
|
131
0%
|
130
-1%
|
128
-2%
|
129
+1%
|
130
+1%
|
135
+4%
|
140
+4%
|
141
+1%
|
143
+1%
|
143
+1%
|
140
-2%
|
145
+3%
|
151
+4%
|
155
+3%
|
165
+6%
|
167
+1%
|
167
0%
|
162
-3%
|
158
-2%
|
150
-5%
|
135
-10%
|
135
0%
|
139
+3%
|
149
+7%
|
170
+14%
|
179
+5%
|
185
+3%
|
196
+6%
|
201
+2%
|
208
+4%
|
211
+1%
|
208
-1%
|
207
-1%
|
200
-3%
|
191
-4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(93)
|
(89)
|
(87)
|
(83)
|
(78)
|
(83)
|
(83)
|
(82)
|
(80)
|
(80)
|
(81)
|
(85)
|
(86)
|
(86)
|
(86)
|
(86)
|
(97)
|
(100)
|
(104)
|
(107)
|
(99)
|
(99)
|
(97)
|
(96)
|
(97)
|
(96)
|
(93)
|
(91)
|
(92)
|
(92)
|
(99)
|
(103)
|
(106)
|
(110)
|
(112)
|
(116)
|
(116)
|
(116)
|
(118)
|
(113)
|
(109)
|
|
Selling, General & Administrative |
(70)
|
(66)
|
(65)
|
(61)
|
(55)
|
(61)
|
(61)
|
(59)
|
(57)
|
(57)
|
(57)
|
(61)
|
(62)
|
(62)
|
(62)
|
(62)
|
(72)
|
(74)
|
(78)
|
(81)
|
(74)
|
(74)
|
(71)
|
(71)
|
(71)
|
(70)
|
(67)
|
(67)
|
(68)
|
(69)
|
(76)
|
(79)
|
(83)
|
(86)
|
(87)
|
(91)
|
(92)
|
(92)
|
(93)
|
(88)
|
(84)
|
|
Research & Development |
(23)
|
(23)
|
(22)
|
(22)
|
(23)
|
(22)
|
(22)
|
(22)
|
(23)
|
(24)
|
(24)
|
(25)
|
(24)
|
(24)
|
(24)
|
(24)
|
(25)
|
(26)
|
(26)
|
(26)
|
(25)
|
(26)
|
(25)
|
(26)
|
(26)
|
(27)
|
(26)
|
(25)
|
(24)
|
(23)
|
(23)
|
(24)
|
(24)
|
(24)
|
(25)
|
(24)
|
(24)
|
(24)
|
(25)
|
(25)
|
(25)
|
|
Operating Income |
28
N/A
|
37
+30%
|
40
+9%
|
44
+11%
|
52
+19%
|
48
-8%
|
48
+0%
|
49
+1%
|
48
-2%
|
49
+2%
|
49
0%
|
50
+2%
|
55
+10%
|
55
+0%
|
56
+2%
|
57
+2%
|
43
-24%
|
45
+4%
|
47
+4%
|
49
+4%
|
66
+36%
|
68
+3%
|
70
+3%
|
65
-7%
|
61
-6%
|
54
-12%
|
42
-22%
|
44
+4%
|
47
+7%
|
57
+21%
|
71
+25%
|
76
+7%
|
78
+3%
|
86
+10%
|
89
+3%
|
92
+4%
|
95
+3%
|
92
-3%
|
89
-3%
|
87
-2%
|
82
-6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(0)
|
0
|
1
|
1
|
1
|
1
|
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
1
|
1
|
|
Non-Reccuring Items |
(10)
|
(11)
|
(6)
|
(7)
|
(10)
|
(6)
|
(6)
|
(21)
|
(30)
|
(29)
|
(15)
|
0
|
8
|
8
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(6)
|
(5)
|
(4)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
(4)
|
(7)
|
(7)
|
|
Total Other Income |
2
|
1
|
(0)
|
(0)
|
(3)
|
(3)
|
(3)
|
(7)
|
(6)
|
(5)
|
(6)
|
(3)
|
(4)
|
(3)
|
(0)
|
1
|
4
|
5
|
1
|
(2)
|
(3)
|
(5)
|
(3)
|
(4)
|
(3)
|
(5)
|
(3)
|
1
|
3
|
1
|
(20)
|
(130)
|
(136)
|
(133)
|
(117)
|
(14)
|
(11)
|
(11)
|
(8)
|
(3)
|
(1)
|
|
Pre-Tax Income |
18
N/A
|
25
+40%
|
33
+29%
|
37
+13%
|
39
+6%
|
39
N/A
|
41
+3%
|
22
-46%
|
12
-44%
|
15
+24%
|
27
+74%
|
45
+70%
|
57
+27%
|
58
+1%
|
49
-14%
|
52
+5%
|
40
-22%
|
43
+7%
|
41
-5%
|
41
+1%
|
58
+40%
|
57
-2%
|
62
+8%
|
54
-12%
|
50
-7%
|
42
-17%
|
32
-24%
|
39
+22%
|
46
+17%
|
54
+19%
|
48
-12%
|
(56)
N/A
|
(61)
-8%
|
(50)
+18%
|
(32)
+35%
|
75
N/A
|
81
+8%
|
78
-4%
|
77
-1%
|
78
+2%
|
75
-4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(16)
|
(21)
|
(12)
|
(13)
|
(13)
|
(12)
|
(0)
|
6
|
(5)
|
(7)
|
(23)
|
(33)
|
(23)
|
(23)
|
(19)
|
(15)
|
(8)
|
(8)
|
(8)
|
(8)
|
(12)
|
(11)
|
(11)
|
(11)
|
(14)
|
(14)
|
(11)
|
(9)
|
(11)
|
(11)
|
(9)
|
20
|
19
|
16
|
11
|
(21)
|
(21)
|
(20)
|
(19)
|
(18)
|
(15)
|
|
Income from Continuing Operations |
2
|
4
|
21
|
24
|
27
|
28
|
41
|
28
|
7
|
9
|
4
|
12
|
34
|
35
|
31
|
36
|
32
|
36
|
33
|
34
|
46
|
46
|
51
|
43
|
36
|
29
|
22
|
30
|
35
|
43
|
39
|
(36)
|
(42)
|
(34)
|
(22)
|
54
|
60
|
58
|
58
|
60
|
61
|
|
Net Income (Common) |
(4)
N/A
|
(2)
+38%
|
15
N/A
|
17
+8%
|
27
+60%
|
28
+5%
|
41
+46%
|
28
-32%
|
7
-75%
|
9
+21%
|
4
-54%
|
12
+218%
|
34
+177%
|
35
+2%
|
31
-13%
|
36
+19%
|
14
-60%
|
18
+22%
|
15
-16%
|
15
+4%
|
47
+204%
|
46
0%
|
51
+10%
|
44
-15%
|
36
-17%
|
29
-21%
|
22
-25%
|
30
+39%
|
35
+16%
|
43
+24%
|
39
-9%
|
(36)
N/A
|
(42)
-16%
|
(34)
+20%
|
(22)
+35%
|
54
N/A
|
60
+11%
|
58
-3%
|
58
+1%
|
60
+4%
|
61
+1%
|
|
EPS (Diluted) |
-0.11
N/A
|
-0.06
+45%
|
0.44
N/A
|
0.48
+9%
|
0.78
+63%
|
0.83
+6%
|
1.21
+46%
|
0.84
-31%
|
0.21
-75%
|
0.24
+14%
|
0.11
-54%
|
0.37
+236%
|
1.03
+178%
|
1.05
+2%
|
0.91
-13%
|
1.09
+20%
|
0.43
-61%
|
0.52
+21%
|
0.43
-17%
|
0.45
+5%
|
1.38
+207%
|
1.39
+1%
|
1.53
+10%
|
1.31
-14%
|
1.09
-17%
|
0.87
-20%
|
0.66
-24%
|
0.92
+39%
|
1.06
+15%
|
1.32
+25%
|
1.2
-9%
|
-1.12
N/A
|
-1.3
-16%
|
-1.04
+20%
|
-0.67
+36%
|
1.67
N/A
|
1.85
+11%
|
1.8
-3%
|
1.81
+1%
|
1.89
+4%
|
1.92
+2%
|