LISLE, Ill., July 01, 2025 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced that Mark Pacioni has been appointed Chief Legal & Administrative Officer and Corporate Secretary, effective July 1, 2025. Prior to joining CTS, Mr. Pacioni served as Chief Legal Officer and Secretary of CareerBuilder, LLC from 2019 to 2024 and its successor company, CareerBuilder + Monster, from 2024 until June 2025. Prior thereto, he held senior legal roles at The Boeing Co., Molex, Inc., and Knowles Corp. In additi ...

April 2018 February 2019 Safe Harbor Statement This presentation contains statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, any financial or other guidance, statements that reflect our current expectations concerning future results and events, and any other statements that are not based solely on historical fact. Forward-looking statements are ba ...

Investor Presentation February 2020 Forward Looking Statements This presentation contains statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, any financial or other guidance, statements that reflect our current expectations concerning future results and events, and any other statements that are not based solely on historical fact. Forward-looking s ...

2 Solid Foundation With Opportunities For Growth The information provided in this presentation includes certain non-GAAP financial measures. These non-GAAP financial measures should not be considered in isolation or a substitute for the comparable GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is included in the Appendix of this presentation. This presentation contains statements that are, or may be deemed to be, forward ...

Financial Performance - Net sales for Q1 2025 were $125,769, essentially flat compared to Q1 2024, with a 13.6% increase in diversified end markets and a 12.1% decrease in transportation markets [105]. - Gross margin increased to $46,549 in Q1 2025, up 3.2% from Q1 2024, with gross margin percentage rising from 35.9% to 37.0% [106]. - SG&A expenses were $23,623, representing 18.8% of net sales in Q1 2025, compared to 17.7% in Q1 2024, primarily due to higher depreciation and amortization expenses [107]. - R&D expenses were $6,190, or 4.9% of net sales in Q1 2025, down from $6,601 or 5.2% in Q1 2024, reflecting continued investment in product development [108]. - Restructuring charges decreased significantly to $451, or 0.4% of net sales in Q1 2025, from $1,693 or 1.3% in Q1 2024, due to headcount reductions in response to softening demand [109]. - Net cash provided by operating activities was $15,518 in Q1 2025, compared to $18,311 in Q1 2024, with net earnings contributing $13,367 [114][115]. - Cash and cash equivalents were $90,288 as of March 31, 2025, down from $94,334 at December 31, 2024, with total long-term debt at $86,700 [113]. - The effective income tax rate decreased to 17.1% in Q1 2025 from 18.6% in Q1 2024, attributed to a change in the mix of earnings taxed at lower rates [111]. Market Impact - The SyQwest acquisition contributed an additional $2,987 in net sales, while foreign exchange rate changes negatively impacted net sales by $835 year-over-year [105]. - Significant customers included Toyota Motor Corporation at 11.9% and Cummins Inc. at 10.3% of total net sales in Q1 2025 [125]. Risks and Uncertainties - The company emphasizes that forward-looking statements regarding performance and financial condition are subject to risks and uncertainties, which may cause actual results to differ materially from expectations [126]. - There have been no material changes in the company's exposure to market risk during the three months ended March 31, 2025 [127].

CTS (CTS) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Kieran O’Sullivan - Chairman, President and Chief Executive OfficerAshish Agrawal - VP & CFO Conference Call Participants John Franzreb - Senior Equity AnalystHendi Susanto - Research Analyst Operator Hello, everyone, and thank you for joining the CTS Corporation First Quarter twenty twenty five Earnings Call. My name is Marie, and I will be coordinating your call today. I will now hand over to your host, Kieran O'Sullivan, Chai ...

CTS (CTS) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Speaker0 Hello, everyone, and thank you for joining the CTS Corporation First Quarter twenty twenty five Earnings Call. My name is Marie, and I will be coordinating your call today. I will now hand over to your host, Kieran O'Sullivan, Chairman, President and CEO to begin. Please go ahead. Speaker1 Good morning and thank you for joining us today for our first quarter twenty twenty five results. We continue to execute on our diversification strategy ...

CTS Corporation 1st Quarter 2025 Earnings Call April 30, 2025 Cautionary Statement Regarding Forward-Looking Statements Readers are cautioned that the statements contained in this document regarding expectations of our performance or other matters that may affect our business, results of operations, or financial condition are, or may be deemed to be, "forward-looking statements" as defined by the "safe harbor" provisions in the Private Securities Litigation Reform Act of 1995. Such statements are made in re ...

Exhibit 99.1 April 30, 2025 FOR IMMEDIATE RELEASE CTS Announces First Quarter 2025 Results Driving Operational Execution Lisle, Ill. - CTS Corporation (NYSE: CTS), a leading global designer and manufacturer of custom engineered solutions that "Sense, Connect and Move," today announced first quarter 2025 results. "Our global teams continued to execute well in a challenging operating environment. We delivered double digit sales growth in our diversified markets," said Kieran O'Sullivan, CEO of CTS Corporation ...

Core Insights - CTS Corporation reported strong first quarter 2025 results with double-digit sales growth in diversified markets despite a challenging operating environment [2][10] - The company maintains its sales guidance for 2025 in the range of $520-$550 million and adjusted diluted EPS between $2.20-$2.35 [4] Financial Performance - First quarter 2025 net sales were $126 million, flat year-over-year, with a 14% increase in sales to diversified end markets and a 12% decrease in transportation end market sales [10] - Net income for the quarter was $13 million, representing 11% of sales, compared to $11 million or 9% of sales in Q1 2024 [10] - Earnings per diluted share increased to $0.44 from $0.36 in the same quarter last year, while adjusted earnings per diluted share decreased to $0.44 from $0.47 [10] - Adjusted EBITDA margin improved to 20.5% from 20.3% year-over-year [10] Market Strategy - The company emphasized diversification as a strategic priority, focusing on growth in revenues and quality of earnings through organic growth and strategic acquisitions [2] - Strong bookings were noted in medical, aerospace and defense, and industrial markets during the quarter [2] Guidance and Economic Outlook - Management is closely monitoring the economic impact of tariffs and geopolitical conditions, emphasizing agility in adapting to cost and price adjustments [4] - The company expects to maintain its current market conditions for the remainder of the year [4] Operational Metrics - Operating cash flow for Q1 2025 was $16 million, down from $18 million in Q1 2024 [10] - The company reported a gross margin of $46.5 million for the quarter, compared to $45.1 million in Q1 2024 [13]