CTS Shares Close at $53.92 Ahead of Third-Quarter Results on October 27
Key Facts
CTS is scheduled to report third-quarter 2026 results on October 27, at around 8:00 a.m. Eastern time, and hold a call to discuss them at 10:00 a.m. the same day. The announcement follows the company’s shares closing at $53.92 on October 26, according to EL7 data. Investors are awaiting the report after a Seeking Alpha summary cited earnings and revenue figures, but those figures could not be verified in an official public statement. It also could not be verified that the company raised its full-year guidance following its third-quarter results. The latest published full-year outlook that could be found dates to the end of the second quarter, so it should not be attributed to the third-quarter results.
In the second quarter, CTS reported sales of $144.8 million, up 7% year over year. Sales in diversified end markets rose 15%, while sales in the transportation segment fell 2% from the same period a year earlier. These published results provide a picture of the company’s performance before the current quarter, with sales trends differing across the markets it serves. Net income was $19.2 million, or 13.2% of sales, compared with $18.5 million and a 13.7% margin in the second quarter of 2025. Adjusted diluted earnings per share were $0.74, compared with $0.57 a year earlier.
At the end of the second quarter, CTS raised its fiscal 2026 sales outlook to a range of $565–585 million and its adjusted diluted earnings-per-share outlook to $2.55–2.70. The previous sales outlook was $560–580 million, and the earnings outlook was $2.35–2.45. These figures are the latest published full-year guidance among the available information and do not in themselves establish that a further revision followed the third quarter. The October 27 report is the announced date for discussing the latest results with investors. The company scheduled its call for 10:00 a.m. Eastern time, after results are due at around 8:00 a.m.
Ahead of the results announcement, CTS completed its acquisition of Millar Holdings on October 23 for $50 million, net of cash acquired and debt assumed, with additional consideration contingent on meeting specified financial performance targets. The company said the deal expands its presence in medical sensing and adds technologies and customer relationships to its portfolio. CTS said its sales for the twelve months ended June 30, 2026, were about $564 million. That figure puts the company’s business scale before the acquisition was completed in the context of the annual outlook it announced after the second quarter. The company also announced on September 30 its first platform for digital temperature sensors, aimed at industrial, medical, transportation and electronics applications.