CTS Corporation (CTS) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.778 earnings call. My name is Claire and I will be coordinating your call today. 00:00:05.778 -- 00:00:09.982 During the presentation, you can register to ask a question by pressing star followed 00:00:09.982 -- 00:00:13.186 by one on your telephone keypad. 00:00:13.186 -- 00:00:17.609 If you change your mind, please press star followed by two. 00:00:18.352 -- 00:00:21.055 I will now hand over to Kieran O'Sullivan to begin. 00:00:21.055 -- 00:00:22.757 Please go ahead. 00:00:22.757 -- 00:00:25.460 Good morning and thanks for joining us today. 00:00:25.460 -- 00:00:30.548 We delivered a quarter of strong double digit growth in our diversified end markets with 00:00:30.548 -- 00:00:34.594 sales up 22% versus the prior year period. 00:00:34.594 -- 00:00:39.741 Diversified sales for the quarter were 59% of overall company revenue. 00:00:39.741 -- 00:00:44.788 We also expanded gross margin by 66 basis points and had solid 00:00:44.788 -- 00:00:50.056 operating cash flow. Secondly, our SideQuest team was awarded a sole source 00:00:50.056 -- 00:00:55.403 naval defense contract with an initial value of $5 million and the potential 00:00:55.403 -- 00:00:59.819 to add additional platform awards within the next 12 months. 00:00:59.819 -- 00:01:05.264 Finally, in transportation, we had a strong quarter with winds of 130 million 00:01:05.264 -- 00:01:08.227 and added a new braking sensor application. 00:01:08.227 -- 00:01:10.270 Ashish will take us through the safe harbor statement. 00:01:10.270 -- 00:01:15.415 Ashish? I would like to remind our listeners that this conference call contains forward-looking 00:01:15.415 -- 00:01:20.980 statements. These statements are subject to a number of risks and uncertainties 00:01:20.980 -- 00:01:26.065 that c...