Q4 2024 CTS Corp Earnings Call Transcript

Feb 04, 2025

Feb 04, 2025 / 03:00PM GMT
Operator

Hello, everyone and thank you for joining the CTS Corporation fourth quarter and full year 2024 earnings call. My name is Marie and I will be coordinating your call today during the presentation. (Operator Instructions) I will now hand over to your host, Kieran O'Sullivan, Chairman, President and CEO to begin. Please go ahead.

Kieran O'Sullivan - CTS Corp - Chairman of the Board, President, Chief Executive Officer

Good morning and thank you for joining us today for our fourth quarter and full year 2024 results. We continue to execute on our diversification strategy to accelerate growth in our diversified medical, industrial aerospace and defense markets while also progressing on electrification in mobility revenue from our diversified markets accounted for 56% of overall company revenue in the fourth quarter and 51% for the full year. 2024.

We had six wins in electrification from our portfolio of existing powertrain agnostic products diversification will continue to be a strategic priority. We expect further progress in 2025 with a full

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