FORM 8-K

EXHIBIT 99.1

CTS CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS - Unaudited
(In thousands of dollars)

			December 31, 2003		December 31, 2002*
			(UNAUDITED)
Cash and equivalents			$	25,346	$	9,225
Accounts receivable, net				72,290		63,802
Inventories, net				31,925		36,262
Other current assets				35,205		43,045
	Total current assets			164,766		152,334
Property, plant and equipment, net				122,481		148,632
Other assets				195,003		189,066
		Total Assets	$	482,250	$	490,032
Current maturities of long-term debt			$	--	$	28,350
Accounts payable				52,252		44,490
Other accrued liabilities				43,437		61,716
	Total current liabilities			95,689		134,556
Long-term debt				75,880		67,000
Other obligations				16,490		23,456
Shareholders’ equity				294,191		265,020
		Total Liabilities and Shareholders' Equity	$	482,250	$	490,032
*The balance sheet at December 31, 2002 has been derived from the audited financial statements at that date.