Sensor maker CTS' Q2 sales rise 4% to $135 mln, beat estimates
Overview
CTS Q2 sales rise 4% yr/yr to $135 mln, beating analyst expectations
Adjusted EPS for Q2 beats analyst expectations, reflecting solid profitability
Co maintains 2025 guidance for sales and adjusted EPS, indicating confidence
Outlook
CTS maintains 2025 sales guidance of $520-$550 mln
Company expects adjusted diluted EPS of $2.20-$2.35 for 2025
CTS assumes continuation of current market conditions for guidance
Result Drivers
DIVERSIFIED END MARKETS - Sales to diversified end markets rose 13%, driving overall revenue growth
TRANSPORTATION DECLINE - Sales to transportation end market fell 6%, impacting overall sales
STRATEGIC DIVERSIFICATION - Focus on diversification through organic growth and acquisitions cited as key strategy by CEO Kieran O'Sullivan
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $135 mln | $132.70 mln (1 Analyst) |
Q2 Adjusted EPS | Beat | $0.57 | $0.55 (1 Analyst) |
Q2 Net Income | $19 mln |
Press Release:
