CTS - CTS Corporation (CTS) Q4 2023 Earnings Call Transcript
2024-02-06 15:25:06 ET
CTS Corporation (CTS)
Q4 2023 Earnings Conference Call
February 06, 2024, 10:00 AM ET
Company Participants
Kieran O'Sullivan - President and Chief Executive Officer
Ashish Agrawal - Vice President and Chief Financial Officer
Conference Call Participants
Justin Long - Stephens
John Franzreb - Sidoti & Company
Hendi Susanto - Gabelli Funds
Presentation
Operator
Hello, everyone, and welcome to the CTS Corporation Fourth Quarter 2023 Conference Call. My name is Daisy, and I'll be coordinating your call today. [Operator Instructions]
I would now like to hand over to your host, Kieran O'Sullivan, CEO, to begin. So Kieran, please go ahead.
Kieran O'Sullivan
Great. Thank you, Daisy. Good morning, and thank you for joining our fourth quarter and full year 2023 earnings call.
We continue to experience soft demand in the industrial, distribution and commercial vehicle markets as outlined in our last earnings call. The light vehicle market is more stable. Across medical and defense, we saw good growth and see continued momentum in the year ahead.
We are committed to a disciplined capital structure, focused on supporting organic growth, strategic acquisitions and returning cash to shareholders. Our Board recently approved a $100 million share repurchase program that replaces our existing program authorized in February 2023....
CTS Corporation (CTS) Q4 2023 Earnings Call Transcript