CTS CORP (CTS) Form 8-K — Oct 27, 2026
CTS Corporation reported Q3 2026 sales of $149.6 million, up 5% year over year, with net income of $17.8 million and diluted EPS of $0.61 versus $0.46 a year ago. Adjusted diluted EPS rose $0.17 to $0.77, adjusted gross margin expanded 330 bps to a record 42.2%, and operating cash flow of $43.5 million was up $14.5 million from the prior-year quarter.
Key figures
- Eps
- 0.61
- Revenue
- 149600000
- Guidance
- 2026 sales raised from $565-$585M to $580-$590M; adjusted diluted EPS raised from $2.55-$2.70 to $2.78-$2.88
- Net Income
- 17800000
- Total Debt
- 55000000
- Revenue Yoy
- 5%
- Total Assets
- 822094000
- Cash Position
- 143880000
- Shares Outstanding
- 28,547 thousand basic / 28,917 thousand diluted weighted-average
- Book to bill
- 1.18
- Free cash flow q3
- $41.1M
- Adjusted diluted eps
- 0.77
- Adjusted gross margin
- 42.2%
- Transportation growth
- 2%
- Adjusted ebitda margin
- 24.7%
- Operating cash flow q3
- $43.5M
- Diversified end market growth
- 7%
- Millar expected annual revenue
- ~$30M
- Total booked business transportation
- $1.2B
AI analysis
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