CTS (CTS) 8-K Regulation FD Disclosure

Exhibit 99.1

Segment

Automotive

25%

Communications

22%

Other

11%

Computer

27%

Electronic

Components

 and

Sensors

Electronics

Manufacturing

Services

Markets

Industrial &

Medical

15%

42%

58%

25%

7%

1%

8%

26%

3%

15%

1%

14%

Based on Last Four Quarters

Through September 2006

Segment

Defense & Aerospace

Security

Consumer

Segments and Markets

- Automotive Sensors

- Electronic Components

Electronics Manufacturing Services

13 - 15%

3  -  6%

6 - 8%

7  -  10%

 Annual Sales Growth

Overall Organic Growth Target

Product/Market Area

(2005 - 2008)

Components & Sensors:

9 - 11%

Business Growth Targets

Awarded 50 Platforms

Industry trend is to adopt integrated

pedals for increased control with
reduced costs.

Total

Available

Market

(Including Pedal Sensors)

$150

$223

$266

$361

$381

$305

CTS Accelerator Pedal Modules Offer

Performance, Quality and Cost Advantages

 CTS Sales $ in Millions

$400

Actual

Accelerator Pedal Module

OCXO

 RF

   Module

Filter

WiMAX

Optical Networking

Telematics

Cellular

Repeaters

Wireless

Base Station

Satellite

Communications

Design Wins

Electronic Components –

Communications Infrastructure

Growth Focused on High Margin Segments

95%

69%

Top 5 EMS Customers

Communications

Other

Industrial

Medical

Computer

 2006 Sales (9 mos.)

Aerospace/

Defense

More Complex

Less Complex

High Volume

/ Low Mix

Low Volume

/ High Mix

CTS

Markets

EMS Business

Expense Leverage Contributing to Earnings Growth

12.5%

13.0%

Adjusted Operating Expenses

(Percent of Sales)

Capital Expenditures

Normal Level

3%

Controllable Working Capital*

Target

13%

* Controllable Working Capital Defined as Accounts Receivable + Inventories - Accounts Payable.

Efficient Utilization of Capital

4%

Balance Sheet Management

Cumulative

Free Cash Flow

$ in Millions

Strong Cash Earnings and Free Cash Flow

Cumulative

Cash Earnings

71.5

75.5

FY  2006

Estimate

Cumulative Free Cash Flow

Components & Sensors

EMS

SALES

$ in Millions

ADJUSTED

 SEGMENT

 OPERATING

EARNINGS

% OF SALES

9 Mos.

9 Mos.

9 Mos.

9 Mos.

Segment Performance

Note:  Data shown excludes all restructuring and related one-time charges, asset impairments, customer reimbursement, income tax adjustment and material asset gains, except adjusted EBITDA, which includes the customer reimbursement only. 

Financial Summary

Note:  Data shown excludes restructuring costs, income tax adjustments related to repatriation and material asset gains.

Other Financial Data – Income Statement

Other Financial Data –  Balance Sheet Metrics

APPENDIX

CTS Corporation
Reconciliation of Earnings Per Share to Adjusted Earnings Per Share
	2006 YTD		2006		2006		2006		2005			2005			2004			2003			2002									Full Year
	Q3		Q3		Q2		Q1		Q4			Q2			Q2			Q3			Q3			Q2			Q1			2005			2004			2003			2002			2001
Earnings per share	$	0.48	$	0.15	$	0.16	$	0.16	$	0.22		$	0.10		$	0.18		$	0.17		$	(0.41	)	$	(0.08	)	$	(0.06	)	$	0.57		$	0.53		$	0.36		$	(0.54	)	$	(1.61	)
Tax affected charges (credits) to reported earnings per share:
Restructuring, restructuring-related, and asset impairment charges	$	0.08		0.02		0.03		0.04											0.10			0.41			0.01			0.02									0.10			0.45			1.35
Customer reimbursement																												(0.07	)											(0.07	)
Gain on sale of excess equipment less LTCC severance										(0.02	)																				(0.02	)
Gain on sale of excess Canadian land																(0.05	)																	(0.05	)
Total tax affected adjustments to reported earnings per share		0.08		0.02		0.03		0.04		(0.02	)		-			(0.05	)		0.10			0.41			0.01			(0.05	)		(0.02	)		(0.05	)		0.10			0.38			1.35
Tax impact of cash repatriation										0.03			0.11																		0.14
Impact of reversal of tax reserves													(0.04	)					(0.22	)											(0.04	)					(0.22	)
Adjusted earnings per share	$	0.56	$	0.17	$	0.19	$	0.20	$	0.23		$	0.17		$	0.13		$	0.05		$	-		$	(0.07	)	$	(0.11	)	$	0.65		$	0.48		$	0.24		$	(0.16	)	$	(0.26	)

CTS Corporation
Reconciliation of Operating Expenses to Adjusted Operating Expenses
($ in millions)
	Full Year
	2005			2004			2003			2002
Selling, general and administrative expenses	$	68.0		$	63.5		$	56.9		$	63.3
Research and development expenses		17.1			19.0			21.5			24.1
Restructuring, restructuring-related, and asset impairment charges		-			-			4.6			18.3
Gain on sales of assets		(3.1	)		(3.9	)		-			-
Total reported operating expenses		82.0			78.6			83.0			105.7
Less restructuring and impairment charges					-			4.6			18.3
Less gain on sale of excess equipment less LTCC severance		(1.2	)
Less gain on sale of excess Canadian land					(2.7	)		-			-
Adjusted operating expenses	$	83.2		$	81.3		$	78.4		$	87.4
Adjusted operating expenses as percentage of total sales		13.5	%		15.3	%		16.9	%		19.1	%

CTS Corporation
Free Cash Flow
($ in millions)
	2006 YTD			2006									2005												2004												2003						Full Year
	Q3			Q3			Q2			Q1			Q4			Q3			Q2			Q1			Q4			Q3			Q2			Q1			Q4			Q3			2005			2004			2003			2002			2001
Cash flows provided from (used by) operations	$	28.5		$	11.1		$	14.8		$	2.6		$	14.8		$	5.1		$	13.7		$	10.9		$	4.3		$	5.0		$	11.4		$	(6.7	)	$	10.2		$	8.6		$	44.5		$	14.0		$	25.7		$	24.1		$	65.8
Capital expenditures	$	(11.1	)		(5.3	)		(3.4	)		(2.4	)		(2.5	)		(6.6	)		(2.9	)		(3.0	)		(2.6	)		(3.9	)		(4.2	)		(2.0	)		(2.8	)		(1.7	)		(15.0	)		(12.7	)		(9.0	)		(12.8	)		(77.7	)
Free cash flow	$	17.4		$	5.8		$	11.4		$	0.2		$	12.3		$	(1.5	)	$	10.8		$	7.9		$	1.7		$	1.1		$	7.2		$	(8.7	)	$	7.4		$	6.9		$	29.5		$	1.3		$	16.7		$	11.3		$	(11.9	)

CTS Corporation
Cumulative Free Cash Flow
($ in millions)
	Cumulative Est. (1)		Est Full Year (1)		Cumulative			YTD Q3			Cumulative			Full Year			Cumulative			Full Year			Full Year
	(2003 - 2006 est.)		2006		(2003 - 9 months 2006)			2006			(2003-2005)			2005			(2003-2004)			2004			2003
Net earnings					$	73.3		$	18.5		$	54.8		$	22.2		$	32.6		$	20.0		$	12.6
Depreciation and amortization						105.8			19.0			86.8			27.1			59.7			26.1			33.6
Restructuring and impairment charges						7.9			3.3			4.6			-			4.6			-			4.6
Gain on asset sales						(9.1	)		(2.1	)		(7.0	)		(3.1	)		(3.9	)		(3.9	)		-
Deferred income taxes						9.6			-			9.6			9.1			0.5			0.2			0.3
Equity-based compensation and other						7.9			2.9			5.0			2.7			2.3			1.7			0.6
Cumulative prepaid pension asset						(36.4	)		(4.7	)		(31.7	)		(8.7	)		(23.0	)		(10.9	)		(12.1	)
Cash earnings						159.0			36.9			122.1			49.3			72.8			33.2			39.6
Working capital & other						(46.3	)		(8.4	)		(37.9	)		(4.8	)		(33.1	)		(19.2	)		(13.9	)
Cash flow from operations						112.7			28.5			84.2			44.5			39.7			14.0			25.7
Capital expenditures						(47.8	)		(11.1	)		(36.7	)		(15.0	)		(21.7	)		(12.7	)		(9.0	)
Free cash flow	$	75.5 - $71.5	$	10.6 - $6.6	$	64.9		$	17.4		$	47.5		$	29.5		$	18.0		$	1.3		$	16.7
(1) Estimate as of 11/21/2006

CTS Corporation
Definition of Financial Term-"Total Debt to Capitalization"
($ in millions)
	2006									2005												2004												2003			2003			2002			2001			2000
	Q3			Q2			Q1			Q4			Q3			Q2			Q1			Q4			Q3			Q2			Q1			Q4			Q3			Q4			Q4			Q4
Notes payable	$	9.5		$	12.1		$	14.1		$	13.3		$	3.0		$	3.0		$	3.5		$	3.3		$	-		$	-		$	-		$	-		$	-					$	-		$	7.4
Current portion of long-term debt		0.2			0.2			0.2			0.2			0.2			0.3			0.4			-			-			-			-			-			-			28.4			27.5			10.0
Long-term debt		60.6			64.2			68.2			68.3			94.7			85.6			133.9			94.2			87.0			85.0			81.2			75.9			81.0			67.0			125.0			178.0
Total debt		70.3			76.5			82.5			81.8			97.9			88.9			137.8			97.5			87.0			85.0			81.2			75.9			81.0			95.4			152.5			195.4
Total shareholders' equity		349.8			343.2			336.2			329.6			324.2			322.7			324.3			310.7			303.6			302.7			296.4			294.2			285.6			265.0			242.9			246.4
Total capitalization	$	420.1		$	419.7		$	418.7		$	411.4		$	422.1		$	411.6		$	462.1		$	408.2		$	390.6		$	387.7		$	377.6		$	370.1		$	366.6		$	360.4		$	395.4		$	441.8
Total debt to capitalization		16.7	%		18.2	%		19.7	%		19.9	%		23.2	%		21.6	%		29.8	%		23.9	%		22.3	%		21.9	%		21.5	%		20.5	%		22.1	%		26.5	%		38.6	%		44.2	%

CTS Corporation
Reconciliation of Operating Earnings to Adjusted Operating Earnings
($ in millions)
	YTD
	2006			2006			2006			2006			2005			2004			2003			Full Year
	Q3			Q3			Q2			Q1			Q4			Q2			Q3			2005			2004			2003			2002			2001
Operating earnings (loss)	$	26.5		$	8.1		$	9.1		$	9.3		$	15.1		$	10.6		$	(0.7	)	$	40.3		$	31.1		$	13.8		$	(14.8	)	$	(48.5	)
Charges (credits) to reported operating earnings (loss):
Restructuring, restructuring-related, and  asset impairment charges		4.3			0.8			1.4			2.1									4.6									4.6			19.6			50.7
Customer reimbursement																																(3.1	)
Gain on sale of excess equipment less LTCC severance														(1.2	)								(1.2	)
Gain on sale of excess Canadian land																	(2.7	)								(2.7	)
Total adjustments to reported operating earnings (loss)		4.3			0.8			1.4			2.1			(1.2	)		(2.7	)		4.6			(1.2	)		(2.7	)		4.6			16.5			50.7
Adjusted operating earnings, excluding the above referenced items	$	30.8		$	8.9		$	10.5		$	11.4		$	13.9		$	7.9		$	3.9		$	39.1		$	28.4		$	18.4		$	1.7		$	2.2
Adjusted operating earnings, excluding the above reference items, as a percentage of
total sales		6.4	%		5.4	%		6.3	%		7.6	%		9.0	%		5.7	%		3.6	%		6.3	%		5.3	%		4.0	%		0.4	%		0.4	%

CTS Corporation
Reconciliation of Net Earnings to Adjusted Net Earnings
($ in millions)
	2006 YTD			2006									2005			2005			2004			2003			Full Year
	Q3			Q3			Q2			Q1			Q4			Q2			Q2			Q3			2005			2004			2003			2002			2001
Net earnings (loss)	$	18.5		$	5.9		$	6.3		$	6.2		$	8.6		$	3.9		$	6.9		$	6.1		$	22.2		$	19.9		$	12.6		$	(17.9	)	$	(45.4	)
Charges (credits) to reported net earnings (loss):
Restructuring, restructuring-related, and asset impairment charges		4.3			0.8			1.4			2.1												4.6									4.6			19.6			50.7
Customer reimbursement																																			(3.1	)
Gain on sale of excess equipment less LTCC severance														(1.2	)											(1.2	)
Gain on sale of excess Canadian land																				(2.7	)								(2.7	)
Total adjustments to reported net earnings (loss)		4.3			0.8			1.4			2.1			(1.2	)		-			(2.7	)		4.6			(1.2	)		(2.7	)		4.6			16.5			50.7
Total adjustments, tax affected		3.2			0.6			1.1			1.6			(0.9	)		-			(2.1	)		3.4			(0.9	)		(2.1	)		3.4			12.4			38.1
Tax impact of cash repatriation, net of tax benefit relating to reversal
of income tax reserves in certain foreign jurisdictions														1.5			4.5									6.0
Impact of reversal of tax reserves																	(1.7	)					(7.9	)		(1.7	)					(7.9	)
Adjusted net earnings (loss)	$	21.7		$	6.5		$	7.4		$	7.8		$	9.2		$	6.7		$	4.8		$	1.6		$	25.6		$	17.8		$	8.1		$	(5.5	)	$	(7.3	)
Adjusted net earnings (loss) as a percentage of total sales		4.5	%		3.9	%		4.5	%		5.2	%		6.0	%		4.3	%		3.5	%		1.5	%		4.1	%		3.3	%		1.7	%		-1.2	%		-1.3	%

CTS Corporation
Reconciliation of Gross Margin to Adjusted Gross Margin
($ in millions)
	Q2			Q1
	2006			2006
Gross Margin	$	34.0		$	32.1
Charges (credits) to reported gross margin:
Restructuring-related costs included in cost of goods sold		0.5			0.2
Total adjustments to reported gross margin		0.5			0.2
Adjusted gross margin	$	34.5		$	32.3
Adjusted gross margin as a percentage of total sales		20.8	%		21.4	%

CTS Corporation
ADJUSTED EBITDA
($ in millions)
	YTD 2006			2006									2005												2004												2003									Full Year
	Q3			Q3			Q2			Q1			Q4			Q3			Q2			Q1			Q4			Q3			Q2			Q1			Q4			Q3			Q2			2005			2004			2003			2002			2001
Net earnings (loss)	$	18.5		$	5.9		$	6.4		$	6.2		$	8.6		$	6.3		$	3.9		$	3.4		$	6.6		$	3.9		$	6.9		$	2.5		$	3.9		$	6.1		$	2.0		$	22.2		$	19.9		$	12.6		$	(17.9	)	$	(45.4	)
Depreciation and amortization expense		19.0			5.8			6.6			6.6			7.2			6.2			6.8			6.9			6.4			5.7			6.7			7.3			8.1			8.2			8.5			27.1			26.1			33.6			43.4			51.7
Interest expense		2.9			0.8			1.0			1.1			1.3			1.3			1.6			1.7			1.3			1.1			1.6			1.5			1.7			2.1			1.9			5.9			5.5			7.6			10.2			12.8
Tax expense (benefit)		5.9			1.9			1.9			2.1			5.4			1.9			4.9			1.0			2.0			1.2			2.0			0.9			1.3			(8.5	)		0.7			13.2			6.1			(6.3	)		(5.9	)		(15.1	)
EBITDA	$	46.3		$	14.4		$	15.9		$	16.0		$	22.5		$	15.7		$	17.2		$	13.0		$	16.3		$	11.9		$	17.2		$	12.2		$	15.0		$	7.9		$	13.1		$	68.4		$	57.6		$	47.5		$	29.8		$	4.0
Charges (credits) to EBITDA:
Restructuring, restructuring-related, and asset impairment charges		4.3			0.7			1.5			2.1																														4.6												4.6			19.6			50.7
Customer reimbursement																																																								(3.1	)
Gain on sale of excess equipment less LTCC severance														(1.2	)																																(1.2	)
Gain on sale of excess Canadian Land																																(2.7	)																	(2.7	)
Total adjustments to reported EBITDA		4.3			0.7			1.5			2.1			(1.2	)		-			-			-			-			-			(2.7	)								4.6						(1.2	)		(2.7	)		4.6			16.5			50.7
Adjusted EBITDA	$	50.6		$	15.1		$	17.4		$	18.1		$	21.3		$	15.7		$	17.2		$	13.0		$	16.3		$	11.9		$	14.5		$	12.2		$	15.0		$	12.5		$	13.1		$	67.2		$	54.9		$	52.1		$	46.3		$	54.7
Adjusted EBITDA % of total sales		10.5	%		9.1	%		10.5	%		12.0	%		13.8	%		10.5	%		10.9	%		8.4	%		11.4	%		9.2	%		10.5	%		10.0	%		11.4	%		11.5	%		11.2	%		10.9	%		10.3	%		11.3	%		10.1	%		9.5	%