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end In the strong growth in last years. we have of markets, the achieved double-digit couple non-transportation
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quarter. expect of We resolved end the the shortage first be this temporary to by
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strengthening invest through our company’s are growth electrification to future portfolio We M&A. the and in continue
coupled February on measurement achieve pleased solutions to the our in of electric and working recognized capabilities CTS. status commercial, our We innovator to our controls to look expertise and motor into and AG current light advance technical energy sales e-mobility, and than to of welcome of are and CTS’ markets. to forward of sensing greater vehicle like a in for operational XX% We’d company’s maglab The the deep other We us expertise, Maglab applications. renewable design acquisition team to in from has platforms X. use end magnetic industrial system electrified goal markets. automation together expanding as domain completion position with announce maglab
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and of We progress the are with the financial with TEWA and integration Sensors made pleased XXXX performance. in Ferroperm our
growth accelerate a pipeline diversification. are build and leveraging M&A solid our We to acquisitions to committed continue value-creating order in and to
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acquisitions the year sales. We are million range of in to continuing to target in $XX up a
we open advance However, remain will opportunities to long-term our larger strategy. that
with announced buyback we approximately repurchased we $X strategy, return million of to capital previously In-line continue cash as to stock program. past allocation part This the shareholders. quarter, of our
since have deep and relationships, and intelligent smarter. electric play that and supporting strides in role XXXX. of by medical highlighted ultrasound. customers returned a noninvasive world. how safety I’ve in shareholders promoting play effective by designing future make vehicles, an our in $XXX we with seamless We instrumental like total shape and such our Through to efficient is CTS, components purpose solutions customer supplying products to pivotal products role our million sustainable and health devices enable helping a components in the an At we technologies their used previously as medical
light sustainable future, our company, help shape the for than are on vehicles we value in our XXXX. hybrid long-term with greater smarter not begins is and but do our will business. only to across understand choices making This to a a one be future XX% creating communities and generations. sustainable battery business for goal driving by we that platforms, stakeholders have growth We and electric We achieve organization, vehicle which our our responsibility
to to XXXX. values more globe CTS projects platform in these bring our the to in across and contributed work than light which activities X,XXX the through We through participated employees hours CARES community community
we in in sustainability the Additionally, driving to report on issue our to our progress of report second first XXXX. operations, throughout quarter sustainability our plan
ahead, continue our outlook Summarizing automation for safety, demand the year drive CTS to increased and will solutions. efficiency for needs
growing, core are while markets we new current continue and with end deeper penetration expand use also domain finding non-transportation end to our presence products with new Our and and technology our to customers applications. market expertise
market be transportation single to the flat expect up to We low digits.
range. for expect XX volumes in China the vehicle range, closer transportation for to SAAR was XX-million-unit at XX-million-unit XX-million-unit to Looking production U.S. light million million compared up market, expected to the in XXXX. range and to XXXX, we the XX the forecasted marginally million XXXX. XX the is European are
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expect it resolved to quarter. the of we by the However, end be first
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sales terms of to adjusted XXXX, in of $X.XX. earnings for full forecasting $XXX range year the $XXX $X.XX guidance million share In and range million of we to the per diluted are in
will in who Ashish, to detail. over financial us it the through turn I’ll Now more walk results
Ashish?
