CTS Corp（CTS）のニュースとイベントCTSCTS Corp

CTS Reports Q3 Revenue of $149.58M, Beating Expectations

Reports Q3 revenue $149.58M, consensus $145.95M. "CTS delivered another strong quarter, with sales increasing 5% year over year, driven by continued strength across our increasingly diversified portfolio. Diversified end-market sales grew 7% and now represent 60% of total sales, while Transportation sales also posted modest growth," said Pratik Trivedi, CEO of CTS Corporation. "Our disciplined execution is delivering profitable growth, record margins and strong cash generation. The acquisition of Millar further advances our diversification strategy, especially in the medical end market, and enhances our opportunity to create sustainable long-term value."

CTS Raises FY26 Revenue Outlook to $580M-$590M

Consensus $2.65. Raises FY26 revenue view to $580M-$590M from $565M-$585M, consensus $573.53M. The company said, "Assuming the continuation of current market conditions, CTS is increasing its previous guidance of 2026 sales from a range of $565-$585 million to $580-$590 million and adjusted diluted EPS from a range of $2.55-$2.70 to $2.78-$2.88."

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.