CTS Corporation (CTS) reported second-quarter 2026 net sales of $144.8 million, up 7% from a year earlier. Net income was $19.2 million, or 13.2% of sales, compared with $18.5 million in the second quarter of 2025.
The company raised its 2026 guidance, citing current market conditions. CTS now expects 2026 sales of $565 million to $585 million and adjusted diluted EPS of $2.55 to $2.70.
- Second-quarter diluted EPS was $0.66, up from $0.62 a year earlier.
- Sales to diversified end markets increased 15% year over year and represented 59% of total revenue.
- Transportation market sales decreased 2%.
- Adjusted gross margin was 41.5%, up from 38.7% in the prior-year quarter.
- Operating cash flow was $33.4 million, compared with $28.4 million a year earlier.
