CTS Corp Posts $17.8M Third-Quarter Net Income
CTS sits 49% above its 52-week low of $36.21.
Summary
CTS Corp reported third-quarter net income of $17.8M, down from the $19.2M it earned in Q2 2026, on third-quarter sales of $149.6M. The Q2 figure came on sales of $144.8M, up 7% year over year, with record gross margins of 41.5% and raised full-year guidance. The sequential dip in net income is the number to reconcile against the prior quarter's tax-hit result, and the higher third-quarter sales give a first read on revenue. Margin and whether guidance held are still to be determined from the full release details, which will show whether this is noise or a real slowdown.
At the time of this announcement, CTS was trading at $53.92 on NYSE in the Technology sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $36.21 to $69.55. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.