CTS Corporation (CTS) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.797 Good morning all, good afternoon all, and welcome to the CTS Corporation Second Quarter 00:00:03.797 -- 00:00:08.383 2025 Learning School. My name is Adam and I'll be your operator for today. 00:00:08.383 -- 00:00:11.788 If you'd like to ask a question during the Q&A portion of today's call, you may do so 00:00:11.788 -- 00:00:15.754 by pressing star followed by one on your cell phone keypad to enter the queue. 00:00:15.754 -- 00:00:19.339 I will now hand the floor to Kieran O'Sullivan, Chairman, President and CEO to begin. 00:00:19.339 -- 00:00:22.862 So Kieran, please go ahead when you are ready. 00:00:23.445 -- 00:00:28.617 Good morning and thank you for joining us today for our Second Quarter 2025 results. 00:00:28.617 -- 00:00:34.165 we delivered another quarter of double-digit growth in our diversified end markets. 00:00:34.165 -- 00:00:39.552 Diversified sales for the quarter were 55% of overall company revenue. 00:00:39.552 -- 00:00:45.681 In the quarter, our adjusted EBITDA expanded 250 basis points sequentially 00:00:45.681 -- 00:00:49.967 and 130 basis points compared to the second quarter of last year. 00:00:49.967 -- 00:00:53.131 Cashflow generation was also strong in the quarter. 00:00:53.131 -- 00:00:58.103 Our teams continued to execute on our diversification strategy to increase growth in 00:00:58.103 -- 00:01:02.911 diversified medical, industrial, aerospace, and defense markets. 00:01:02.911 -- 00:01:07.860 In transportation, we launched the next-generation smart actuator for the commercial 00:01:07.860 -- 00:01:11.486 vehicle market. Ashish will take us through the safe harbor statement. 00:01:11.486 -- 00:01:16.915 Ashish? I would like to remind our listeners that this conference call contains forward-looking 0...