CTS Q1 sales rise 11%, narrows 2026 outlook

CTS

29/04/2026 13:08

Overview

U.S. sensor and component maker's Q1 sales rose 11% yr/yr, led by diversified end-markets

Adjusted diluted EPS for Q1 rose to $0.62 from $0.44 a year ago

Company raised lower end of 2026 sales and adjusted EPS guidance

Outlook

CTS narrows 2026 sales guidance to $560 mln-$580 mln

Company now sees 2026 adjusted diluted EPS at $2.35-$2.45

Guidance assumes continuation of current market conditions

Result Drivers

DIVERSIFIED END-MARKETS - Sales to industrial, aerospace & defense, and medical markets rose 18% yr/yr, driving overall revenue growth

TRANSPORTATION MARKET - Transportation sales grew 3% yr/yr, contributing to total sales growth

MARGIN EXPANSION - Adjusted gross margin rose to 39.5% from 37.0% a year ago, supporting higher profitability

Company press release: ID:nGNX3x06p8

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$139 mln
$136.83 mln (1 Analyst)
Q1 Adjusted EPS
Beat
$0.62
$0.52 (1 Analyst)
Q1 Net Income
$17.2 mln


Analyst Coverage

Wall Street's median 12-month price target for CTS Corp is $54.00, about 0.5% below its April 28 closing price of $54.27

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)