CTS Corp (NYSE:CTS)
$ 54 1.14 (2.16%) Market Cap: 1.65 Bil Enterprise Value: 1.55 Bil PE Ratio: 31.76 PB Ratio: 3.17 GF Score: 74/100

Q1 2023 CTS Corp Earnings Call Transcript

Apr 27, 2023 / 02:00PM GMT
Release Date Price: $40.63 (-3.08%)
Operator

Good morning, and thank you for attending today's CTS Q1 2023 Earnings Call. My name is Daniel, and I'll be the moderator for today's call. (Operator Instructions)

It is now my pleasure to pass the conference over to our host, Kieran O'Sullivan, CEO. Kieran, you may proceed.

Kieran M. O;Sullivan
CTS Corporation - Chairman, President & CEO

' -

Thanks, Daniel. Good morning, and thank you for joining our first quarter 2023 earnings call. We posted solid quarterly top and bottom line results in a mixed global economy. The semiconductor supply challenge we highlighted in the past 2 quarters has been resolved due to the focus and management of our transportation team.

Our focus on profitable growth, driving diversification through our advanced materials capability and growth through electrification and mobility markets with innovative new products remain our highest priorities. We are energized and focused on achieving our long-term strategic growth goals and improving our operational performance while we navigate the current

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