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

Q4 2023 CTS Corp Earnings Call Transcript

Feb 06, 2024 / 03:00PM GMT
Release Date Price: $45.91 (+10.44%)
Operator

Hello, everyone, and welcome to the CTS Corporation Fourth Quarter 2023 conference call. My name is Daisy, and I'll be coordinating your call today. If you would like to register a question, please press star one on your telephone keypad. I would now like to hand over to your host, Kevin Sullivan, CEO again, Kevin, please go ahead.

Kieran O;Sullivan
CTS Corp - Chairman of the Risk Committee, Member of the Audit Committee

' -

Great.

Thank you, Dave, and good morning and thank you for joining our fourth quarter and full year 2023 earnings call. We continued to experience soft demand in the industrial distribution and commercial vehicle markets as outlined in our last earnings call, the light vehicle market is more stable across medical and defense. We saw good growth and see continued momentum in the year ahead. We are committed to a disciplined capital structure focused on supporting organic growth, strategic acquisitions and returning cash to shareholders. Our Board recently approved a $100 million share repurchase program that replaces

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot