ReutersReuters

Sensor maker CTS' Q2 sales rise 4% to $135 mln, beat estimates

RefinitivBacaan kurang dari 1 minit

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:

Log masuk atau cipta satu akaun percuma selamanya untuk membaca berita ini