CTS Corporation

and I will be coordinating your call today. During the presentation, you can register a question by pressing star followed by one on your telephone keypad. If you change your mind, please press star followed by two. I will now hand over to your host, Kieran O'Sullivan, Chairman, President, and CEO to begin. Please go ahead.

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 year of revenue contribution from the SideQuest acquisition. Our strategic focus also improves the quality of earnings as reflected by our adjusted gross margin for the full year 2024 which was up 243 basis points from 2023. Driving revenue growth in a challenging macroeconomic backdrop through organic initiatives and by leveraging our strong balance sheet for appropriate acquisitions remains top of mind for the CTS leadership team. Ashish will 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 investor section of the CTS website. I will now turn the discussion back over to our CEO, Kirno Sullivan.