CTS CORP (CTS) Form 10-Q — Oct 27, 2026
CTS Corporation reported Q3 2026 net sales of $149.6 million, up 4.6% year over year, with diluted EPS of $0.61 versus $0.46 a year ago. Gross margin expanded to 42.2% from 38.7% on improved mix and operational improvements, and nine-month revenue rose 7.3% to $433.6 million. The quarter was boosted by a $12.5 million representations and warranties insurance claim recorded in other income, while the effective tax rate jumped to 53.5% due to reserves for an uncertain tax position. Cash stood at $143.9 million against $55 million of long-term debt.
Key figures
- Eps
- 0.61 diluted (Q3 2026) vs 0.46 (Q3 2025); 1.87 nine months vs 1.52
- Revenue
- 149583000
- Net Income
- 17757000
- Total Debt
- 55000000
- Revenue Yoy
- 4.6% (Q3); 7.3% nine months
- Total Assets
- 822094000
- Cash Position
- 143880000
- Shares Outstanding
- 28511906
- Q3 repurchases
- 57,291 shares for $3,353 thousand
- Effective tax rate q3
- 53.5% vs 30.6%
- Operating earnings q3
- 25539000
- Gross margin pct q3 2026
- 42.2% vs 38.7% year-ago
- Millar acquisition price
- $50 million net of cash, up to $20 million contingent
- Repurchase authorization remaining
- $74.9 million
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