Q2 2024 CTS Corp Earnings Call Transcript

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Jul 30, 2024

Jul 30, 2024 / 02:00PM GMT
Operator

Good morning or good afternoon. Welcome to the CTS Corporation second quarter 2024 conference call. My name is Adam, and I'll be your operator today. (Operator Instructions) I'll now hand the floor to CEO, Kieran O'Sullivan, to begin. So, Kieran. please go ahead when you're ready.

Kieran O'Sullivan - CTS Corp - Chairman of the Board, President, Chief Executive Officer

Thanks, Adam. Good morning and thank you for joining our second quarter 2024 earnings call. We achieved earnings in line with our expectations despite softness in the transportation end market. CTS is focused on future growth through continued diversification of our customer base and end markets. Yesterday, we completed the acquisition of SyQwest, LLC, a leading designer and manufacturer of sonar and underwater acoustic sensing and electronic solutions, primarily for the US naval defense market.

SyQwest products enable the sonar systems that guide and protect our submarines and surface ships. We extend a warm welcome to Bob Tarini and the SyQwest team and look forward to

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