Overview

* CTS Q3 sales rose 8% yr/yr to $143 mln, beating analyst expectations

* Adjusted EPS for Q3 was $0.60, missing analyst expectations

* Net income impacted by $4.2 mln charge related to EPA claim

Outlook

* CTS narrows 2025 sales guidance to $535-$545 mln

* Company expects 2025 adjusted diluted EPS between $2.20-$2.25

* CTS emphasizes diversification for future growth and margin expansion

Result Drivers

* DIVERSIFIED END MARKETS - Sales to diversified end markets increased 22%, driving overall growth

* TRANSPORTATION MARKET DECLINE - Sales to transportation end market decreased 7%

* EPA CHARGE IMPACT - Net income affected by $4.2 mln charge related to EPA claim

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $143 mln $136.39

mln (1

Analyst)

Q3 Miss $0.60 $0.61 (1

Adjusted Analyst)

EPS

Q3 Net $14 mln

Income

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the electronic equipment & parts peer group is "buy."

* Wall Street's median 12-month price target for CTS Corp ( CTS ) is $43.00, about 1.3% above its October 27 closing price of $42.44

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)