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

Q2 2023 CTS Corp Earnings Call Transcript

Jul 25, 2023 / 02:00PM GMT
Release Date Price: $41.61 (-1.40%)
Operator

Good morning, and a warm welcome to the CTS Corporation Second Quarter 2023 Conference Call. My name is Candice, and I will be your moderator for today's call.

(Operator Instructions)

I would now like to turn the call over to our host, Kieran O'Sullivan. Please go ahead.

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

' -

Thank you, Candice. Good morning, and thank you for joining our second quarter 2023 earnings call. We posted solid quarterly results and had strong new business wins, including robust electrification bookings where we obtained our first award for our innovative eBrake product. We also continued to expand our customer base in medical and industrial markets.

Our focus on profitable growth, driving diversification through our advanced materials capability and growth through electrification in mobility markets with innovative new products remain our highest priorities. We are energized by the significant awards in the quarter and remain focused on achieving our long-term strategic

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