Quarterly ResultJul 28, 2026, 08:02 AM
CTS Q2 Sales $144.8M (+7%), Adj. EPS $0.74 (+17c); Raises 2026 Guidance
AI Summary
CTS Corporation announced strong results for the second quarter of 2026, with sales reaching $144.8 million, a 7% increase year-over-year. The company's diversification strategy led to a 15% rise in sales to diversified end-markets, now representing 59% of total revenue. Adjusted diluted EPS grew significantly to $0.74, up from $0.57 in the prior year, driven by record margins and strong cash generation. Following this performance, CTS raised its full-year 2026 guidance for both sales and adjusted diluted EPS.
Key Highlights
- Q2 2026 sales were $144.8 million, up 7% year-over-year.
- Sales to diversified end-markets increased 15% year-over-year.
- Adjusted diluted EPS was $0.74, up 17 cents from $0.57 in Q2 2025.
- Adjusted Gross margin was 41.5%, up 270 bps from Q2 2025.
- Operating cash flow was $33.4 million, up $5.0 million from Q2 2025.
- 2026 sales guidance raised to $565-$585 million from $560-$580 million.
- 2026 adjusted diluted EPS guidance raised to $2.55-$2.70 from $2.35-$2.45.
Price Impact
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