CTS Corp raises 2026 sales and EPS guidance after strong Q3 results and Millar acquisition
CTS Corporation reported third‑quarter 2026 revenue of $149.6 million, net income of $17.8 million and adjusted diluted earnings of $0.77 per share, all beating analyst estimates. The company lifted its full‑year sales outlook to $580‑$590 million and adjusted EPS outlook to $2.78‑$2.88 per share. Management said the raise reflects solid execution and the recent acquisition of Millar Holdings for $50 million, which is expected to add about $30 million of annual revenue.
Why it matters
The company expects higher 2026 revenue and earnings than consensus, which could improve its valuation and support the current share price rally. The Millar deal is projected to be accretive to earnings in the second half of 2027, adding a new revenue stream.
Key facts
- 1Q3 2026 revenue was $149.6 million, up 5% year‑over‑year. financialcontent.com
- 2Q3 2026 net income was $17.8 million. financialcontent.com
- 3Adjusted diluted EPS for Q3 2026 was $0.77 per share. financialcontent.com
- 4Full‑year 2026 sales guidance was raised to $580‑$590 million. financialcontent.com
- 5Full‑year 2026 adjusted EPS guidance was raised to $2.78‑$2.88 per share. financialcontent.com
- 6CTS acquired Millar Holdings for $50 million. investing.com
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.