CTS acquired Millar Holdings, Inc. for $50,000, net of cash acquired and debt assumed, plus up to $20,000 contingent consideration; third-quarter net sales rose 4.6% to $149,583 and net earnings increased 29.7% to $17,757.
CTS · Cts Corp · Documents
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CTS Corporation updated FY 2026 guidance to revenue of $580 to $590 million and adjusted diluted EPS of $2.78 to $2.88, including the expected impact from the Millar acquisition.
CTS Corporation posted third-quarter sales of $149.6 million, up 5%, gross margin of 42.2% and adjusted diluted EPS of $0.77. It raised 2026 sales guidance to 580 million to 590 million and EPS guidance to $2.78 to $2.88.
CTS Corporation reported third-quarter 2026 sales of $149.6 million, up 5% year-over-year, and diluted EPS of $0.61, while raising 2026 sales guidance to $580-$590 million and adjusted diluted EPS guidance to $2.78-$2.88.