Q2 2020 CTS Corp Earnings Call Transcript

Jul 31, 2020 / 03:00PM GMT
Operator

Good day and welcome to the CTS Corporation Second Quarter 2020 Earnings Call. Today's conference is being recorded.

At this time, I'd like to turn the conference over to Kieran O'Sullivan. Please go ahead, sir.

Kieran M. O'Sullivan - CTS Corporation - Chairman, President & CEO

Thank you. Good morning. Thank you for joining us today, and welcome to CTS' Second Quarter 2020 Conference Call. I'll begin by sharing a few thoughts on our company and our business performance.

As we mentioned on our last earnings call, we expected the second quarter to be our most challenging quarter this year due to the impact of COVID-19. Operationally, all of our plants are running, though we continue to experience challenges at our Mexico locations. The return to the appropriate production staffing levels has been impacted by state and local regulations. Our leadership and global teams are prioritizing the safety of our employees and adapting quickly to serve our customers' needs.

Sales were $84 million, down 30% from the second

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