CTS CORP — fact timeline

CTS CORP reported 2026 results: revenue $560 million - $580 million, EPS $2.35 - $2.45.

“Assuming the continuation of current market conditions, CTS is narrowing its previous guidance of 2026 sales from a range of $550-$580 million to $560-$580 million and adjusted diluted EPS from a range of $2.30-$2.45 to $2.35-$2.45.”

CTS CORP reported first quarter of 2026 results: EPS diluted EPS was $0.59, up 15 cents from $0.44 in the first quarter of 2025..

“Sales were $139 million in the first quarter of 2026, up 11% year-over-year.”

CTS CORP incurred revolving credit of $300 million with Wells Fargo Bank, National Association at base rate loans: at a rate per annum equal to the sum of the applicable margin p maturing five years from the closing date.

“Bank, N.A., as Joint-Lead Arrangers; and the guarantors and lenders from time-to-time party thereto. The Credit Agreement provides for an unsecured revolving credit facility of $300 million. In addition, the Company may request, with the written consent of the Administrative Agent (and subject to certain additional conditions), that the aggregate credit extended”

Scott D'Angelo resigned as Vice President, Chief Legal and Administrative Officer and Corporate Secretary at CTS CORP.

“On March 5, 2025, Scott D’Angelo, Vice President, Chief Legal and Administrative Officer and Corporate Secretary of CTS Corporation (the “Company”) submitted his resignation, effective April 4, 2025 (the “Effective Date”).”

Ashish Agrawal was appointed as principal accounting officer at CTS CORP.

“Ashish Agrawal, the Company’s Vice President and Chief Financial Officer, will act as the Company’s principal accounting officer upon Mr. White’s resignation.”

Thomas White resigned as principal accounting officer at CTS CORP.

“On September 4, 2024, Thomas White informed CTS Corporation (the “Company”) that he was resigning his position as principal accounting officer, effective September 18, 2024, to pursue a new professional opportunity.”

CTS CORP shareholders approved Ratification of the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024 at the 2024-05-09 meeting.

“PROPOSAL 3 – Ratification of the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024: NUMBER OF VOTES FOR NUMBER OF VOTES AGAINST NUMBER OF ABSTENTIONS 28,760,155 411,876 10,597”

CTS CORP shareholders approved Approval, on a non-binding advisory basis, of the compensation of our named executive officers as described in the Proxy Statement at the 2024-05-09 meeting.

“PROPOSAL 2 – Approval, on a non-binding advisory basis, of the compensation of our named executive officers as described in the Proxy Statement: NUMBER OF VOTES FOR NUMBER OF VOTES AGAINST NUMBER OF ABSTENTIONS NUMBER OF BROKER NON-VOTES 27,638,172 725,697 19,018 799,741”

CTS CORP shareholders approved Election of seven directors at the 2024-05-09 meeting.

“At the Annual Meeting, all director nominees were elected and proposals 2 and 3 were approved. The proposals below are described in more detail in the Company’s definitive proxy statement for the Annual Meeting filed with the SEC on March 29, 2024 (the “Proxy Statement”). The final results were as follows: PROPOSAL 1 – Election of seven directors until the next annual meeting of shareholders:”

CTS CORP reported 2024 results: revenue $530 - $570 million, EPS $2.10 - $2.35. Guidance reaffirmed.

“CTS is maintaining its guidance of sales in the range of $530 - $570 million and adjusted diluted EPS to be in the range of $2.10 - $2.35.”

CTS CORP reported the first quarter ended March 31, 2024 results: revenue $125.7 million, net income $11 million, EPS $0.36.

“Sales were $125.7 million, down 14% year-over-year, and up 1% sequentially compared to the fourth quarter of 2023.”