CTS Announces Third Quarter 2026 Results
CTS Corporation reported Q3 2026 sales of $149.6 million, up 5% year-over-year, with diversified end-market sales growing 7% to 60% of total sales. GAAP diluted EPS rose to $0.61 from $0.46, and adjusted diluted EPS was $0.77 versus $0.60, on record adjusted gross margin of 42.2% and adjusted EBITDA margin of 24.7%. Operating cash flow reached $43.5 million, up from $29.0 million a year ago, and management raised 2026 guidance to sales of $580-$590 million and adjusted EPS of $2.78-$2.88.
Key figures
- Eps
- 0.61
- Revenue
- $149.6 million
- Guidance
- 2026 sales raised from $565-$585 million to $580-$590 million; adjusted diluted EPS raised from $2.55-$2.70 to $2.78-$2.88
- Revenue Yoy
- 5%
- Net income
- $17.8 million
- Adjusted eps
- 0.77
- Free cash flow
- $41.1 million
- Operating cash flow
- $43.5 million
- Adjusted gross margin
- 42.2%
- Adjusted ebitda margin
- 24.7%
- Adjusted eps prior year
- 0.6
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