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Q1: 2026-04-29 Earnings Summary
EPS of $0.62 beats by $0.10
|
Revenue of
$139.23M
(10.70% Y/Y)
beats by $2.40M
CTS Corporation (CTS) Q1 2026 Earnings Call April 29, 2026 10:00 AM EDT
Company Participants
Kieran O'Sullivan - Chairman, President & CEO
Ashish Agrawal - VP, CFO & Principal Accounting Officer
Pratik Trivedi - Senior VP & COO
Conference Call Participants
John Franzreb - Sidoti & Company, LLC
Hendi Susanto - Gabelli Funds, LLC
Presentation
Operator
Hello, everyone. Thank you for joining us, and welcome to the CTS Corporation First Quarter 2026 Earnings Call. [Operator Instructions] I will now hand the conference over to Kieran O'Sullivan. Kieran, please go ahead.
Kieran O'Sullivan
Chairman, President & CEO
Good morning, and thank you for joining us today. I'm pleased to report a solid first quarter of 2026 for CTS with diversified sales up double digits as we continue to execute our diversification strategy. We also saw strong bookings momentum in the industrial and medical markets.
In transportation, we see stability in revenue with modest growth in the first quarter. Overall, with growth in key end markets and solid execution, we believe the company is well positioned to deliver on its strategic objectives. Ashish Agrawal, our CFO, will take us through the safe harbor statement and later through our financials. Pratik Trivedi, our COO, will provide an update on the progress in each of our end markets. Ashish?
Ashish Agrawal
VP, CFO & Principal Accounting Officer
I would like to remind our listeners that this call contains forward-looking statements. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements.
Additional information regarding these risks and uncertainties is contained in the press release 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 G, the required
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