Quarterly ResultApr 29, 2026, 08:02 AM
CTS Q1 Sales $139M (+11%); Diluted EPS $0.59; Adj. EPS $0.62
AI Summary
CTS Corporation announced strong first-quarter 2026 results, with sales increasing 11% year-over-year to $139 million, driven by an 18% rise in diversified end markets. Net income grew to $17 million, and diluted EPS reached $0.59, up from $0.44 in the prior year. The company also narrowed its full-year 2026 sales guidance to $560-$580 million and adjusted diluted EPS guidance to $2.35-$2.45, reflecting continued profitable growth and margin expansion.
Key Highlights
- Q1 2026 Sales: $139 million, up 11% year-over-year.
- Q1 2026 Net Income: $17 million, up from $13 million in Q1 2025.
- Q1 2026 Diluted EPS: $0.59, up $0.15 from $0.44 in Q1 2025.
- Q1 2026 Adjusted Diluted EPS: $0.62, up $0.18 from $0.44 in Q1 2025.
- Diversified end market sales increased 18% year-over-year.
- Adjusted Gross Margin: 39.5%, up 250 bps from 37.0% in Q1 2025.
- FY 2026 Sales Guidance: Narrowed to $560-$580 million (from $550-$580 million).
- FY 2026 Adjusted Diluted EPS Guidance: Narrowed to $2.35-$2.45 (from $2.30-$2.45).