CTS Q3 2008 Earnings Call Transcript

Business process services third quarter revenues were $170 million and net earnings of $7.6 million, or $0.21 per diluted share, compared to revenues of $174.8 million and earnings of $7.8 million, or $0.20 per diluted share. Full year earnings a share expected to be in the range of $0.71 to $0.76.


CTS Corporation (CTS: chart)
Q3 2008 Earnings Call Transcript
October 29, 2008 11:00 a.m. ET

Executives

Mitchell J. Walorski – Director of Investor Relations
Vinod M. Khilnani – President and Chief Executive Officer
Donna L. Belusar – Senior Vice President and Chief Financial Officer

Analysts

John Franzreb – Sidoti & Company, LLC
Kevin Kessel – JPMorgan
Andy Sasanto – Gabelli & Company
Greg Weaver – Invicta Capital
Brett Evans - Hartland

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the CTS third quarter 2008 earnings call. For the conference all the participant lines are in the listen-only mode. However, there will be an opportunity for your questions and instructions will be given at that time. If you should require any assistance, please press “*” then “0”. As a reminder, today’s call is being recorded. With that being said, I will turn the conference now to the Director of Investor Relations, Mr. Mitch Walorski. Please go ahead.

Mitchell J. Walorski

Thank you John. I am Mitch Walorski, Director of Investor Relations, and I will host the CTS Corporation’s third quarter 2008 earnings conference call. Thank you for joining us today. Participating from the company today are Vinod Khilnani, President and CEO, and Donna Belusar, Senior Vice President and Chief Financial Officer.

Before beginning the business discussion, I would like to remind our listeners that the 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 was set forth in last evening’s press release 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 relative to Regulation G, the required explanations and reconciliation are available on our website in the Investor Relations section. I will now turn the discussion over to our CEO, Vinod Khilnani. read more