Cts corporation (CTS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Income Statement
Revenues

103,075

115,039

115,651

120,684

117,625

120,073

118,859

118,021

113,530

110,910

106,243

105,686

100,154

101,584

99,697

98,693

96,705

93,282

90,646

100,071

98,311

100,378

99,957

102,980

100,706

102,386

103,632

105,381

98,062

-134,139

137,357

154,294

146,969

-164,650

146,070

146,919

151,518

139,362

138,851

Cost of goods sold

70,176

76,340

78,594

79,480

77,010

77,428

76,777

76,208

75,097

78,035

68,705

69,892

65,930

65,722

63,056

64,236

63,237

63,128

59,200

66,698

66,175

67,352

67,458

69,157

70,091

72,220

71,631

72,981

71,276

-151,074

110,763

128,356

124,920

-169,385

118,610

119,051

122,358

109,393

108,511

Gross margin

32,899

38,699

37,057

41,204

40,615

42,645

42,082

41,813

38,433

32,875

37,538

35,794

34,224

35,862

36,641

34,457

33,468

30,154

31,446

33,373

32,136

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance recovery for business interruption

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,605

4,192

7,423

3,627

-

1,113

-

-

-

-

Selling, general and administrative expenses

16,759

18,076

17,774

17,036

17,522

18,126

18,450

19,621

17,372

24,972

15,915

15,808

15,248

14,940

16,048

15,764

14,872

15,962

12,689

15,224

15,711

17,698

13,899

15,813

13,641

17,327

17,829

17,157

17,676

4,902

19,387

19,378

19,404

-636

18,343

18,057

18,372

17,112

18,283

Research and development expenses

7,408

6,113

6,806

6,257

6,791

5,804

6,517

6,476

6,507

6,714

6,380

6,049

6,003

5,626

6,284

5,967

6,163

6,083

5,692

5,487

5,199

5,798

5,807

5,332

5,626

5,481

5,718

5,771

6,252

5,328

4,350

5,131

6,109

5,208

5,163

4,590

5,029

5,086

4,316

Restructuring charges

240

2,111

2,342

911

2,084

1,698

997

1,172

1,195

1,198

1,435

729

777

873

1,969

206

0

9,335

2,373

2,118

738

1,135

1,570

2,733

503

2,348

901

7,029

177

-

245

3,139

-

-

-

694

-

-

-

Non-recurring environmental expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,541

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance recovery for property damage - Casualties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,769

-

2,687

-

-

-

-

(Gain) loss on sale of assets

-

-

-11

83

-

-

0

0

-

-

-697

-

-

-280

150

11,577

3

-

-1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating earnings

8,492

12,390

10,124

17,083

14,218

17,017

16,118

14,544

13,359

-20

13,111

13,208

12,196

14,143

12,490

24,097

12,436

933

-3,850

10,542

10,488

10,310

11,223

9,945

10,845

5,010

7,553

2,443

2,681

612

6,804

5,713

1,932

-5,332

7,754

4,527

5,759

7,771

7,741

Other (expense) income:
Interest expense

851

903

812

467

466

484

489

571

541

1,134

773

752

684

956

917

1,009

820

673

714

653

588

563

568

582

613

482

818

1,058

906

700

584

626

659

554

549

511

492

254

228

Interest income

331

341

524

440

432

459

413

472

482

370

363

298

253

224

203

331

547

719

713

853

788

827

707

688

564

601

441

446

413

379

425

467

449

424

359

276

196

105

81

Gain (Loss) on Disposition of Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (expense) income, net

-1,982

1,009

-2,636

-1,107

96

-119

-1,687

-2,874

2,004

929

1,258

1,170

460

-2,040

-46

-1,240

-198

-1,658

-3,072

117

-1,684

-1,817

562

-409

-1,771

1,358

490

398

-507

-65

763

-1,041

575

-1,349

-65

743

1,130

1,738

-337

Total other (expense) income. net

-2,502

447

-2,924

-1,134

62

-144

-1,763

-2,973

1,945

165

848

716

29

-2,772

-760

-1,918

-471

-1,612

-3,073

317

-1,484

-1,553

701

-303

-1,820

1,477

113

-214

-1,000

-386

604

-1,200

365

-1,479

-255

508

834

1,589

-484

Earnings before income taxes

5,990

12,837

7,200

15,949

14,280

16,873

14,355

11,571

15,304

145

13,959

13,924

12,225

11,371

11,730

22,179

11,965

-679

-6,923

10,859

9,004

8,757

11,924

9,642

9,025

6,487

7,666

2,229

1,681

226

7,408

4,513

2,297

-6,811

7,499

5,035

6,593

9,360

7,257

Income tax expense

2,182

2,775

4,478

4,006

2,861

-691

4,144

4,362

3,756

13,766

4,340

3,958

3,741

3,061

8,010

7,692

4,102

12,974

-2,163

-8,221

2,717

1,793

3,807

3,281

3,945

2,339

2,551

12,482

-1,306

-1,765

1,491

1,212

14

-2,963

1,636

903

1,477

2,445

1,365

Earnings from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,148

5,115

-10,253

2,987

-

-

-

-

-

-

-

-

-

-

Discontinued operations
Earnings from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,704

-1,082

581

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

3,808

10,062

2,722

11,943

11,419

17,564

10,211

7,209

11,548

-13,621

9,619

9,966

8,484

8,310

3,720

14,487

7,863

-13,653

-4,760

19,080

6,287

6,964

8,117

6,361

5,080

-2,981

6,819

-11,335

3,568

8,832

5,917

3,301

2,283

5,856

5,863

4,132

5,116

6,915

5,892

Earnings per share:
Basic
Continuing operations (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.12

0.16

-0.31

0.09

-

-

-

-

-

-

-

-

-

-

Discontinued operations (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.21

0.04

-0.03

0.02

-

-

-

-

-

-

-

-

-

-

Basic (in dollars per share)

0.12

0.32

0.08

0.36

0.35

0.53

0.31

0.22

0.35

-0.41

0.29

0.30

0.26

0.50

0.11

0.44

0.00

0.16

-0.15

0.01

0.19

0.21

0.24

0.19

0.15

-0.09

0.20

-0.34

0.11

0.26

0.17

0.10

0.07

0.17

0.17

0.12

0.15

0.20

0.17

Diluted
Continuing operations (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.12

0.16

-0.31

0.09

-

-

-

-

-

-

-

-

-

-

Discontinued operations (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.21

0.05

-0.03

0.01

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

0.12

0.31

0.08

0.36

0.34

0.54

0.30

0.21

0.34

-0.41

0.29

0.30

0.25

0.48

0.11

0.44

0.00

0.16

-0.15

0.01

0.19

0.20

0.24

0.19

0.15

-0.09

0.21

-0.34

0.10

0.25

0.17

0.10

0.07

0.16

0.17

0.12

0.15

0.20

0.17

Average common shares outstanding:
Basic weighted - average common shares outstanding (in shares):

32,466

32,552

32,642

32,799

32,807

32,983

33,087

33,051

32,975

32,941

32,935

32,890

32,802

32,762

32,759

32,759

32,632

32,575

32,770

33,080

33,411

33,424

33,599

33,741

33,708

33,596

33,696

33,589

33,523

33,637

33,923

34,022

34,106

-

34,375

34,375

34,293

34,181

34,048

Effect of dilutive securities (in shares)

327

326

425

406

463

565

562

513

540

635

456

461

560

758

495

466

373

1,105

0

471

524

501

508

467

572

-

635

-

-

-

-

-

-

-

-

-

-

-

-

Diluted weighted - average common shares outstanding (in shares)

32,793

32,878

33,067

33,205

33,270

33,548

33,649

33,564

33,515

33,576

33,391

33,351

33,362

33,520

33,254

33,225

33,005

33,680

32,770

33,551

33,935

33,925

34,107

34,208

34,280

34,900

34,331

33,589

34,176

34,329

34,471

34,574

34,718

-

34,994

35,025

35,075

34,827

34,874

Cash dividends declared per share (in dollars 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

0.07

0.04

0.00

0.04

0.04

0.04

0.04

0.04

0.04

0.03

0.03

0.03

0.03

0.03

0.03

0.03

-

0.03

0.03

0.03

0.03

0.03