CTS Corp (NYSE:CTS)
$ 52.72 -0.4 (-0.75%) Market Cap: 1.59 Bil Enterprise Value: 1.63 Bil PE Ratio: 27.18 PB Ratio: 3.00 GF Score: 76/100
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Q4 2022 CTS Corp Earnings Call Transcript

Feb 07, 2023 / 03:00PM GMT
Release Date Price: $42.79 (-8.29%)
Operator

Hello, everyone, and welcome to the CTS Q4 2022 Earnings Call. My name is Bruno and I will be operating your call today. (Operator Instructions). I will now hand over to your host, Mr. Kieran O'Sullivan, President, CEO. Mr. Kieran, please go ahead.

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

' -

Thanks, Bruno. Good morning, and welcome, everyone, to our fourth quarter and full year 2022 earnings call. We delivered solid financial results in the face of economic uncertainties that remain elevated, driven in part by the current geopolitical environment in Europe, demand softness, as well as rising interest rates and inflation.

Although supply constraints are easing as we experience shortened lead times, we expect inflation and some supply pressures to remain a challenge, especially in the first quarter of 2023. As discussed in October, we were impacted in the fourth quarter by supply issues from a semiconductor supplier for our smart actuator product line.

Our focus on profitable growth, diversification

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