What factors influenced CTS's 2024 earnings?

CTS's 2024 earnings were influenced by several key factors:

1. **Transportation Sector Challenges**: The company's transportation sales experienced a significant decline, dropping by 18% in Q4 and 17% for the full year 2024. This downturn was primarily attributed to demand softness in China and heightened competition.
2. **Economic Conditions**: The broader economic conditions, including global economic uncertainties and competitive pressures, likely had an impact on CTS's profitability and market share.
3. **Diversification and Market Focus**: CTS's focus on diversification played a role in its financial performance. The company reported that revenue from diversified markets accounted for 56% of total revenue in Q4 and 51% for the full year. This strategic move could have helped mitigate the impact of sector-specific challenges.

In summary, CTS's 2024 earnings were influenced by challenges in the transportation sector, economic conditions, and the company's diversification strategy.