Q2 2026 CTS Corp Earnings Call Transcript

Jul 28, 2026 / 02:00 PM GMT

Release Date Price: €52.5 (+0.96%)

Transcript 10-Q8-K

Key Points

Positve

CTS Corp (CTS) reported a 7% increase in second-quarter sales compared to the same period in 2025, with a 4% sequential growth from the first quarter of 2026.
The company achieved a record adjusted gross margin of 41.5%, up 270 basis points year over year.
CTS Corp (CTS) secured several new business awards totaling $163 million, including a significant win with a North American OEM.
The medical end market saw a 45% year-over-year revenue increase, driven by strong demand for advanced diagnostics and therapeutic treatments.
The industrial market continued its strong momentum with a 16% year-over-year sales increase, supported by broad-based customer demand and healthy bookings.

Negative

Transportation sales were down 2% year over year and sequentially, reflecting challenges in the automotive sector.
Space and defense sales decreased by 15% year over year, although there was a 4% sequential increase.
The company faces ongoing geopolitical and tariff-related uncertainties, which could impact future performance.
CTS Corp (CTS) anticipates flat to modestly down vehicle production volumes due to geopolitical and consumer demand uncertainties.
The commercial vehicle market's growth is expected to be modest, with potential dampening effects on gross margins as volumes return.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CTS.N - CTS Corp
Q2 2026 CTS Corp Earnings Call
Jul 28, 2026 / 02:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
I would like to remind our listeners the call contains forward-looking statements.

These statements are subject to a number of recenties that could cause actual results to differ materially from those expressed in the forward-looking statements.

Additional information regarding these risks and issued today, and more information can be found in the company's SEC filings.

To the extent that today's discussion refers to any non-GAAP measures under regulation, the required explanations and reconciliations are available with today's earnings press release and the supple presentation which can be found in our investors section of the CTS website.

I will now turn the discussion back over to Pratik.

Thank you, we

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.