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

Q3 2024 CTS Corp Earnings Call Transcript

Oct 29, 2024 / 02:00PM GMT
Release Date Price: $49.73 (+2.45%)
Operator

Hello, everyone and welcome to the CTS Corporation third quarter, 2024 earnings call. My name is Nadia and I'll be coordinating the call today.

If you would like to ask a question at the end of the presentation, please press star followed by one on your telephone keypad.

I will now hand over to your host, Kieran OĆ¢Sullivan President and CEO to begin

Kieran, please go ahead.

Kieran OĆ¢;Sullivan CTS Corporation;President
Chief Executive Officer and Chairman of the Board

Good morning and thanks for joining us today. Let's start with some key highlights for the quarter. 1st, 3rd quarter saw revenue of $132 million and adjusted earnings per share of $0.63.

Second, we continued to execute on our diversification strategy with revenue from diversified markets. Now, accounting for approximately 52% of overall revenue in the quarter. Diversification will continue to be a strategic priority, and we expect further progress next year.

Third and finally, we expanded overall adjusted gross

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