Jul 26, 2022 / 02:00PM GMT
Operator
Good morning. My name is Bailey, and I will be your conference operator today. At this time, I would like to welcome everyone to the CTS Corporation Second Quarter 2022 Conference Call. (Operator Instructions) Thank you.
At this time, I would like to turn the call over to Mr. Kieran O'Sullivan, CEO of CTS Corporation. Mr. Sullivan, you may begin your conference.
Kieran M. O'Sullivan - CTS Corporation - Chairman, President & CEO
Thanks, Bailey. Good morning, and welcome everyone to our second quarter 2022 earnings call. We delivered another strong quarter. In addition, we finalized the acquisition of Ferroperm Piezoceramics at the end of June, further advancing our diversification strategy. I'm excited to have this talented team join CTS, which will allow us to expand our market opportunities and support a broader range of customers.
Sales in the second quarter were $145 million, up approximately 12% compared to the second quarter of 2021. Second quarter adjusted gross margin was 36.1%, down 70 basis points from 36.8% in
Q2 2022 CTS Corp Earnings Call Transcript
Jul 26, 2022
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