Filing Flows › CTS (CTS) › Q1 2025
CTS (CTS) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
CTS (CTS) reported revenue of $126M for the first quarter 2025 (Q1 2025), 0% from a year earlier and -0.5% from the quarter before. Operating margin was 12.9%, net earnings $13.4M (10.6% of revenue).
CTS, Q1 2025: revenue $126M (0% year over year), operating margin 12.9%, net earnings $13.4M, operating cash flow $15.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $126M | -0.5% | 0% |
| Gross profit | $46.5M | -0.8% | +3% |
| Operating profit | $16.3M | -10% | +12% |
| Net earnings | $13.4M | +16% | +20% |
| Operating cash flow | $15.5M | -38% | -15% |
| Free cash flow | $11.0M | — | -23% |
What changed
Revenue was $125.8M in Q1 2025, roughly flat year over year and down 1% from the previous quarter.
Gross margin was 37.0%, up 1.2 points from a year earlier. Operating profit was $16.3M, a 12.9% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 9205% reached operating profit, above the 12% margin then. Operating expenses fell 1% while revenue was flat. Net earnings were $13.4M, up 20% year over year. The effective tax rate was 17.1%.
Operating cash flow was $15.5M (down 15% year over year), 116% of net earnings. Non-cash charges added back $8.5M of depreciation and amortization. Working capital and other items used $6.3M. After capital expenditures ($4.5M), free cash flow as the company reports it was $11.0M.
Questions
What was CTS' revenue in the first quarter 2025?
CTS (CTS) reported revenue of $126M for the first quarter 2025 (Q1 2025), 0% from a year earlier and -0.5% from the quarter before.
Was CTS profitable in the first quarter 2025?
Operating profit was $16.3M (12.9% of revenue) and net earnings $13.4M.
Source: CTS 10-Q on SEC EDGAR.