CTS Corporation (CTS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and thank you for joining the CTS Corporation first quarter 2025 earnings call. My name is Marie and I will be coordinating your call today. During the presentation, you can register a question by pressing star followed by one on your telephone keypad. If you change your mind, please press star followed by two. I will now hand over to your host, Kieran O'Sullivan, Chairman, President and CEO to begin. Please go ahead. Good morning and thank you for joining us today for our first quarter 2025 results. We continue to execute on our diversification strategy to increase growth in our diversified medical, industrial, aerospace and defense markets, while also progressing on electrification and transportation. Revenue from our diversified markets grew 14% in the quarter. We also achieved strong bookings with a book-to-bill ratio of 1.28 for the diversified end markets. In April, we added a win for a new product line in transportation, expanding our presence in the vehicle footwell. Current bookings for the second quarter indicate an improving trend while we are cautious on second half demand given current levels of uncertainty due to tariffs and the geopolitical environment. Ashish will take us through the Safe Harbor Statement. Ashish? I would like to remind our listeners that this conference call contains forward-looking statements. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Additional information regarding these risks and uncertainties is contained in the press release issued today. and more information can be found in the company's SEC filings. To the extent that today's discussion refers to any non-GAAP measures under Re...