Overview
Electronic components maker's Q4 sales rose 9% yr/yr, driven by diversified end markets
Adjusted EPS for Q4 increased to $0.62, up from $0.50 in 2024
Company expects 2026 sales of $550-$580 mln and adjusted EPS of $2.30-$2.45
Outlook
CTS expects full-year 2026 sales between $550 mln and $580 mln
CTS anticipates 2026 adjusted diluted EPS between $2.30 and $2.45
Result Drivers
DIVERSIFIED END MARKETS - Sales to diversified end markets rose 16%, now representing 57% of revenue, supporting strategic priorities
MARGIN EXPANSION - CTS achieved margin expansion driven by strategic execution and diversification efforts
NEW BUSINESS AWARDS - Expanded product offerings in transportation market and secured new business awards
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Slight Beat* | $137 mln | $135.86 mln (1 Analyst) |
Q4 Adjusted EPS | Beat | $0.62 | $0.60 (1 Analyst) |
Q4 Net Income | $20 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
Wall Street's median 12-month price target for CTS Corp is $52.00, about 6.4% below its February 9 closing price of $55.58
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 20 three months ago
Press Release: ID:nGNX4Ykl44
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)