CTS CORP

CTS Corp reported increased financial results for the second quarter of 2026, with net sales rising to $144.8 million and net earnings reaching $19.2 million. Diluted EPS also saw an increase to $0.66. For the first half of 2026, net sales grew to $284.0 million, and net earnings climbed to $36.4 million. The company also reached an agreement in principle for an environmental settlement of $7.61 million, with its portion estimated at $6.71 million, and continues to operate under a $300 million revolving credit facility.

CTS Corporation provided an investor presentation outlining its financial performance and strategic direction. The company reported LTM revenue of $564 million and LTM Adjusted Diluted EPS of $2.58 as of June 2026. For fiscal year 2026, CTS projects revenue between $565 million and $585 million, with Adjusted Diluted EPS expected to be in the range of $2.55 to $2.70. The presentation highlighted a focus on diversified end markets, which now represent 58% of LTM revenue, and a long-term target of 10% CAGR for revenue growth.

CTS Corporation announced strong second-quarter 2026 results, with sales increasing 7% year-over-year to $144.8 million and diluted EPS rising to $0.66. The company's diversification strategy drove record margins and profitability, with diversified end-market sales up 15%. Following this performance, CTS raised its full-year 2026 sales guidance to $565-$585 million and adjusted diluted EPS guidance to $2.55-$2.70.

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.

CTS Corporation announced it will release its second quarter 2026 earnings on Tuesday, July 28, 2026, at approximately 8:00 a.m. ET. Following the release, a conference call to discuss the results with management is scheduled for the same day at 10:00 a.m. ET. Interested parties can register online for dial-in details or access a live audio webcast via the company's investor relations website.

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.