CTS CORP

CTS Corporation announced a leadership transition, with Kieran O’Sullivan stepping down as President and CEO, effective July 6, 2026. Mr. O'Sullivan will transition to the role of Executive Chairman. Concurrently, Pratik Trivedi, previously the Chief Operating Officer, has been appointed as the new President and CEO, effective the same date. Mr. Trivedi's compensation package includes an annual base salary of $675,000 and a target annual cash incentive bonus of 100% of his base salary, along with a long-term incentive award valued at $2,150,000.

CTS Corporation announced the promotion of Pratik Trivedi, current COO, to Chief Executive Officer and President, effective July 6, 2026. Mr. Trivedi will also join the Board of Directors. He succeeds Kieran O’Sullivan, who will transition to the role of Executive Chair after 14 years as CEO. This planned succession follows a two-year effort to ensure continued long-term success for the company.

CTS Corporation announced its participation in the 16th Annual East Coast IDEAS Investor Conference, taking place on June 10-11, 2026, in New York, NY. The company's presentation is scheduled for June 11, 2026, at 9:55 AM EDT. A live webcast of the event will be accessible, with a replay available for one year.

CTS Corporation's Board of Directors has declared a cash dividend of $0.04 per share on its outstanding common stock. The dividend is scheduled to be paid on July 24, 2026, to shareholders who are on record at the close of business on June 26, 2026.

CTS Corp. reported strong first-quarter 2026 results, with net sales increasing 10.7% to $139.2 million and diluted EPS growing 34.1% to $0.59. Net earnings also saw a significant rise of 28.6% to $17.2 million. The company reached an agreement in principle for a $7.61 million environmental settlement with the EPA for the Asheville Site, with CTS's portion estimated at $6.67 million. Additionally, CTS entered into a new $300 million revolving credit facility in November 2025, providing increased financial flexibility.

CTS Corporation released an investor presentation outlining its strategy to achieve 10% organic and inorganic growth, driven by deep custom engineered capabilities and megatrend tailwinds. The company reported LTM revenue of $555 million as of March 2026, with 58% from diversified end markets including industrial, aerospace & defense, and medical. CTS aims for mid-single digit organic growth, supported by a strong balance sheet for M&A and a focus on technology and operational excellence.

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.

CTS Corporation announced it will release its first quarter 2026 earnings on Wednesday, April 29, 2026, at approximately 8:00 a.m. ET. Following the release, a conference call with management to discuss the results is scheduled for the same day at 10:00 a.m. ET. Interested parties can register online to receive dial-in information or access a live audio webcast from the Investors section of the company's website.