CTS Corporation

If you would like to register a question, please press star followed by one on your telephone keypad. I would now like to hand over to your host, Ciaran O'Sullivan, the CEO, to begin. So, Ciaran, please go ahead.

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. Ashish will now 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 Regulation G, the required explanations and reconciliations are available with today's earnings press release and supplemental slide presentation, which can be found in the Investors section of the CTS website. I will now turn the discussion back over to our CEO, Kiran O'Sullivan.