Sensata(US:ST)2025-10-28 20:14Financial Performance - Revenue for Q3 2025 was $932.0 million, a decrease of $50.9 million, or 5.2%, compared to $982.8 million in Q3 2024, primarily due to divestitures and product lifecycle management actions[5] - Operating loss was $122.9 million, or 13.2% of revenue, compared to an operating loss of $199.2 million, or 20.3% of revenue, in Q3 2024[5] - Adjusted operating income was $179.6 million, or 19.3% of revenue, compared to adjusted operating income of $188.4 million, or 19.2% of revenue, in Q3 2024[5] - Loss per share was $1.12, including $1.78 attributable to non-cash charges, compared to a loss per share of $0.17 in Q3 2024[9] - For Q4 2025, Sensata expects revenue of $890 to $920 million and adjusted EPS of $0.83 to $0.87[12] - Adjusted operating income for the nine months ended September 30, 2025, was $525.2 million, or 18.8% of revenue, a decrease of $48.4 million, or 8.4%, compared to the same period in 2024[10] - The company reported a net loss of $(162,523,000) for the three months ended September 30, 2025, compared to a net loss of $(25,034,000) in the same period of 2024[35] - For the three months ended September 30, 2025, the reported operating loss was $122,888 thousand, with an operating margin of -13.2%[43] - Adjusted (non-GAAP) operating income for the same period was $179,636 thousand, reflecting an operating margin of 19.3%[43] - For the nine months ended September 30, 2025, the adjusted (non-GAAP) operating income was $525,240 thousand, with an operating margin of 18.8%[44] Cash Flow and Assets - Free cash flow for Q3 2025 was $136.2 million, representing a conversion rate of 105%[6] - Net cash provided by operating activities was $159.9 million in Q3 2025, with cash on hand of $791.3 million as of September 30, 2025[6] - Cash and cash equivalents increased to $791,347,000 as of September 30, 2025, compared to $593,670,000 at the end of 2024, reflecting a growth of 33.3%[37] - Total current assets rose to $2,308,301,000 as of September 30, 2025, up from $2,027,239,000 at the end of 2024, indicating a growth of 13.8%[37] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $419,971,000, compared to $380,834,000 in 2024, reflecting an increase of 10.3%[39] Shareholder Returns - During the first nine months of 2025, Sensata returned approximately $173.5 million to shareholders, including $52.9 million through dividends and $120.6 million in share repurchases[11] Revenue Segmentation - Performance Sensing revenue for the nine months ended September 30, 2025, was $1,959,577,000, a decrease of 6.5% from $2,096,889,000 in 2024[40] - Sensing Solutions revenue for the nine months ended September 30, 2025, increased to $827,040,000, up 3.4% from $800,296,000 in 2024[40] Expenses and Liabilities - Research and development expenses decreased to $33,034,000 for the three months ended September 30, 2025, down from $42,685,000 in 2024, representing a reduction of 22.5%[35] - Total liabilities as of September 30, 2025, were $4,351,452,000, compared to $4,252,821,000 at the end of 2024, showing an increase of 2.3%[37] - The company incurred restructuring-related costs of $302,470 thousand for the nine months ended September 30, 2025[44] Future Outlook - The company is focusing on market expansion and new product development as part of its growth strategy[51] - Future guidance indicates a positive outlook for revenue growth driven by new technologies and market opportunities[51]