$53.920
+0.874 (+1.62%)Al cierre
Noticias de CTS
Eventos de CTS
CTS Acquires Millar Holdings for $50M
CTS Corporation completed the acquisition of Millar Holdings for $50M, net of cash acquired and debt assumed, with additional contingent consideration payable subject to the achievement of specified financial performance targets. Millar specializes in the design, development, and manufacturing of advanced pressure sensing technologies for medical devices, life sciences, and industrial applications. The acquisition strengthens CTS's position in advanced sensing technologies and expands its presence in diversified end markets.
CTS Corporation Launches First Digital Temperature Sensor Platform
CTS Corporation announced the introduction of its first Digital Temperature Sensor platform. "With the introduction of our Digital Temperature Sensor platform, CTS is broadening its temperature sensing portfolio to better serve both existing and future customers," said Shahela Ali, Product Manager at CTS Corporation.
Raising FY26 Revenue Outlook to $565M-$585M
One estimate $2.43. Raising FY26 revenue view to $565M-$585M from $560M-$580M, one estimate $571.09M.
Company Reports Q2 Revenue of $144.8M
Reports Q2 revenue $144.8M vs. $135.3M last year. Sales to diversified end-markets increased 15%, while transportation market sales decreased 2%. "We delivered another quarter of outstanding execution, driving profitable growth, record margins, and strong cash generation," said CEO Pratik Trivedi.
CTS Corporation Appoints Pratik Trivedi as CEO
CTS Corporation announced that its board of directors has promoted Pratik Trivedi, CTS' current COO, to CEO and president effective July 6. Trivedi will succeed Kieran O'Sullivan, who will remain on the board and serve as executive chair. Trivedi will become a member of the board when his appointment as CEO becomes effective. O'Sullivan will transition to the executive chair position after 14 years as CEO.
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