CTS Corp Q2 revenue rises on transportation sales; lifts 2026 outlook

Overview

• US sensor and electronic component maker's Q2 sales rose 7% yr/yr, led by diversified markets

• Adjusted EPS for Q2 rose to $0.74 from $0.57 a year ago

• Company raised 2026 sales and adjusted EPS guidance

Outlook

• CTS raises 2026 sales guidance to $565-$585 mln from $560-$580 mln

• Company lifts 2026 adjusted diluted EPS forecast to $2.55-$2.70 from $2.35-$2.45

• CTS expects continued growth in diversified end markets for remainder of 2026

Result Drivers

• DIVERSIFIED END MARKETS - Co said 15% yr/yr sales growth in industrial, aerospace defense, and medical markets drove overall revenue gains

• TRANSPORTATION SALES - Transportation market sales declined 2% yr/yr, but co cited strong growth in new wins in that segment

Company press release: ID:nGNX9706WB

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• Wall Street's median 12-month price target for CTS Corp is $58.00, about 4% below its July 27 closing price of $60.41

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads

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(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.)