CTS CORP — Form 8-K
Filed July 28, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
CTS reported Q2 2026 revenue of $144.8M (+7% YoY), with adjusted gross margin expanding 270 bps to 41.5% and adjusted diluted EPS rising $0.17 to $0.74. The company raised FY2026 revenue guidance to $565–$585M (from $560–$580M) and adjusted diluted EPS to $2.55–$2.70 (from $2.35–$2.45). Diversified end markets (59% of revenue) grew 15% YoY; transportation declined 2% but added a major North American OEM sensor award worth $163M in bookings.
Why this rating
Solid execution and margin expansion drive 3–5% EPS guidance uplift (~$0.20/share midpoint). Relative to $1.2B market cap, $20–25M revenue beat and 270-bp margin gain are meaningful but not transformational. Diversification working but auto exposure still material headwind.
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