CTS Corporation Reports Record Q3 2026 Margins and Raises Full-Year Guidance
CTS Corporation (CTS) reported strong third-quarter 2026 financial results, highlighted by record adjusted gross margins of 42.2% and record adjusted diluted EPS of $0.77. Revenue grew 5% year-over-year to $149.6 million, driven significantly by a 21% surge in the medical segment and robust performance across diversified end markets, which now account for 60% of total revenue. The company also announced the $50 million cash acquisition of Millar, an advanced pressure sensing technology business expected to be accretive to earnings in late 2027. Following these results, management raised its full-year 2026 revenue guidance to a range of $580 million to $590 million and increased its adjusted EPS outlook to between $2.78 and $2.88.
Tickers: $CTS
Topics: Acquisition EPS Gross Margin Revenue Growth Segment Performance
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