CTS Corporation (CTS)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	75,153	78,297	76,858	77,700	80,737	74,717	-32,400	-49,923	-60,880	-56,272	47,783	54,277	45,478	38,956	31,920	41,976	50,266	54,302	61,457	57,079
Revenue (ttm)	US$ in thousands	550,422	568,009	585,368	585,168	586,869	577,119	547,590	532,193	512,925	503,412	494,807	449,419	424,067	416,089	417,963	454,450	469,000	474,033	477,241	474,578
Pretax margin		13.65%	13.78%	13.13%	13.28%	13.76%	12.95%	-5.92%	-9.38%	-11.87%	-11.18%	9.66%	12.08%	10.72%	9.36%	7.64%	9.24%	10.72%	11.46%	12.88%	12.03%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $75,153K ÷ $550,422K
= 13.65%

The pretax margin of CTS Corp. has exhibited some fluctuations over the past eight quarters. In Q4 2023, the pretax margin was 13.65%, showing a slight decrease from the prior quarter's 13.78%. Despite this, the pretax margin has generally remained above 10% in recent quarters, indicating efficient cost management and profitability. However, it is important to note the significant negative pretax margins in Q3 2022 (-5.92%) and Q2 2022 (-9.38%), which may have been influenced by certain one-time events or factors impacting the company's financial performance during those periods. Overall, the trend in the pretax margin for CTS Corp. suggests a relatively stable and profitable operation in most quarters, with occasional exceptions that require further investigation and analysis.