CTS Corporation (CTS)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	71,225	71,501	67,791	66,102	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
Revenue (ttm)	US$ in thousands	515,701	512,960	515,088	530,178	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
Pretax margin		13.81%	13.94%	13.16%	12.47%	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%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $71,225K ÷ $515,701K
= 13.81%

The pretax margin of CTS Corporation has shown fluctuations over the past few years. Starting from March 31, 2020, the pretax margin was 9.24%, which decreased to 7.64% by June 30, 2020. Subsequently, the margin improved to 10.72% by December 31, 2020, and continued to increase, reaching 13.16% by June 30, 2024.

However, there were periods of decline in the pretax margin as well, with negative margins recorded in the third and fourth quarters of 2021 and the first and second quarters of 2022. The company managed to recover from these negative margins and demonstrated strong performance in the following quarters, with the pretax margin consistently above 12% from September 30, 2022, to December 31, 2024.

Overall, the pretax margin of CTS Corporation displays both positive and negative trends, reflecting the company's ability to manage its costs and generate profits before taxes effectively.