Core Viewpoint - Sensata reported quarterly earnings of $0.78 per share, exceeding the Zacks Consensus Estimate of $0.72 per share, but down from $0.89 per share a year ago, indicating a mixed performance despite beating expectations [1][2]. Financial Performance - The company achieved revenues of $911.26 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.61%, but down from $1.01 billion year-over-year [3]. - Sensata's earnings surprise was 8.33%, and it has surpassed consensus EPS estimates only once in the last four quarters [2]. Stock Performance and Outlook - Sensata shares have declined approximately 20.8% since the beginning of the year, contrasting with the S&P 500's decline of 4.3% [4]. - The current consensus EPS estimate for the upcoming quarter is $0.80, with expected revenues of $920.78 million, and for the current fiscal year, the EPS estimate is $3.16 on revenues of $3.61 billion [8]. Industry Context - The Instruments - Control industry, to which Sensata belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges ahead [9]. - The performance of Sensata's stock may be influenced by the overall outlook for the industry, as historical data indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34652 SENSATA TECHNOLOGIES HOL ...

[First Quarter 2025 Financial Results](index=1&type=section&id=First%20Quarter%202025%20Financial%20Results) [Executive Summary](index=1&type=section&id=Executive%20Summary) Sensata's Q1 2025 results surpassed guidance, demonstrating initial success from strategic focus on operational performance and growth - First-quarter financial results exceeded the high end of the company's guidance ranges[2](index=2&type=chunk) - The company is focused on three key pillars: improving operational performance, optimizing capital allocation, and returning to growth[2](index=2&type=chunk) [Operating Results - First Quarter](index=1&type=section&id=Operating%20Results%20-%20First%20Quarter) Sensata's Q1 2025 revenue declined 9.5% to $911.3 million, with adjusted EPS falling 12.4% to $0.78, while generating $86.6 million in free cash flow Q1 2025 vs. Q1 2024 Financial Performance | Metric | Q1 2025 | Q1 2024 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Revenue | $911.3M | $1,006.7M | -$95.5M | -9.5% | | Operating Income | $122.2M | $144.8M | -$22.6M | -15.6% | | Adjusted Operating Income | $166.5M | $188.5M | -$22.0M | -11.7% | | EPS | $0.47 | $0.50 | -$0.03 | -6.0% | | Adjusted EPS | $0.78 | $0.89 | -$0.11 | -12.4% | - Generated free cash flow of **$86.6 million** in the first quarter of 2025[5](index=5&type=chunk) - Ended the quarter with **$588.1 million** of cash on hand[5](index=5&type=chunk) [Shareholder Returns](index=2&type=section&id=Shareholder%20Returns) In Q1 2025, Sensata returned $118.4 million to shareholders through $100.5 million in share repurchases and $17.9 million in dividends - Total capital returned to shareholders in Q1 2025 was approximately **$118.4 million**[7](index=7&type=chunk) - Share repurchases amounted to **$100.5 million**[7](index=7&type=chunk) - Quarterly dividends paid totaled **$17.9 million**, at **$0.12 per share**[7](index=7&type=chunk) [Business Outlook](index=2&type=section&id=Business%20Outlook) [Second Quarter 2025 Guidance](index=2&type=section&id=Second%20Quarter%202025%20Guidance) Sensata forecasts Q2 2025 revenue of $910 million-$940 million and adjusted EPS of $0.80-$0.86, with tariff recovery having no net income impact Q2 2025 Guidance | Metric | Q2-25 Guidance Range | Q1-25 Actual | Q/Q Change | | :--- | :--- | :--- | :--- | | Revenue | $910M - $940M | $911.3M | 0% - 3% | | Adjusted Operating Income | $169M - $177M | $166.5M | 1% - 6% | | Adj. Operating Margin | 18.6% - 18.8% | 18.3% | 30 bps - 50 bps | | Adjusted Net Income | $117M - $125M | $116.6M | 0% - 7% | | Adjusted EPS | $0.80 - $0.86 | $0.78 | 3% - 10% | - Guidance includes approximately **$20 million** in revenue related to expected tariff recovery from customers, which is expected to be offset by an equal amount of tariff expense[12](index=12&type=chunk) [Segment and Business Performance](index=9&type=section&id=Segment%20and%20Business%20Performance) [Segment Performance](index=9&type=section&id=Segment%20Performance) In Q1 2025, Performance Sensing revenue declined to $650.4 million, while Sensing Solutions revenue grew to $260.8 million with expanded operating margin Segment Performance (Q1 2025 vs Q1 2024) | Segment | Revenue (Q1 2025) | Revenue (Q1 2024) | Operating Income (Q1 2025) | Operating Income (Q1 2024) | Operating Margin (Q1 2025) | Operating Margin (Q1 2024) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Performance Sensing | $650.4M | $713.3M | $142.9M | $169.0M | 22.0% | 23.7% | | Sensing Solutions | $260.8M | $257.8M | $76.1M | $72.3M | 29.2% | 28.0% | | Other | $0 | $35.6M | $0 | $6.8M | 0.0% | 19.1% | [Revenue by Business, Geography, and End Market](index=9&type=section&id=Revenue%20by%20Business%2C%20Geography%2C%20and%20End%20Market) Q1 2025 revenue mix: Performance Sensing 71.4%, Americas 40.9%, and Automotive 58.3% as the largest end market contributor Revenue Mix (% of Total Revenue) | Category | Sub-Category | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | :--- | | **Business** | Performance Sensing | 71.4% | 70.9% | | | Sensing Solutions | 28.6% | 25.6% | | **Geography** | Americas | 40.9% | 42.6% | | | Europe | 27.7% | 28.3% | | | Asia/Rest of World | 31.4% | 29.1% | | **End Market** | Automotive | 58.3% | 55.9% | | | Heavy vehicle and off-road | 17.0% | 18.8% | | | Industrial | 15.2% | 13.4% | | | Aerospace | 5.2% | 4.6% | [Financial Statements (Unaudited)](index=6&type=section&id=Financial%20Statements%20%28Unaudited%29) [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q1 2025 net revenue decreased to $911.3 million from $1,006.7 million, resulting in lower operating income of $122.2 million and net income of $69.9 million Q1 2025 Statement of Operations Highlights (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net revenue | $911,255 | $1,006,709 | | Total operating costs and expenses | $789,059 | $861,917 | | Operating income | $122,196 | $144,792 | | Income before taxes | $90,641 | $98,591 | | Net income | $69,919 | $76,021 | | Diluted EPS | $0.47 | $0.50 | [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets were $7.18 billion, with $588.1 million cash, total liabilities $4.33 billion, and shareholders' equity at $2.85 billion Balance Sheet Highlights (in thousands) | Line Item | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $588,139 | $593,670 | | Total current assets | $2,098,227 | $2,027,239 | | Total assets | $7,177,138 | $7,143,264 | | Total current liabilities | $793,594 | $711,358 | | Long-term debt, net | $3,177,278 | $3,176,098 | | Total liabilities | $4,328,504 | $4,252,821 | | Total shareholders' equity | $2,848,634 | $2,890,443 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Q1 2025 net cash from operations increased to $119.2 million, with $119.1 million used in financing activities, leading to a $5.5 million net cash decrease Q1 2025 Cash Flow Highlights (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $119,199 | $106,487 | | Net cash used in investing activities | ($6,874) | ($42,130) | | Net cash used in financing activities | ($119,147) | ($107,948) | | Net change in cash and cash equivalents | ($5,531) | ($47,745) | | Cash and cash equivalents, end of period | $588,139 | $460,359 | [Supplemental Information](index=2&type=section&id=Supplemental%20Information) [Non-GAAP Reconciliations and Definitions](index=2&type=section&id=Non-GAAP%20Reconciliations%20and%20Definitions) This section reconciles non-GAAP measures like adjusted net income ($116.6 million) and free cash flow, with a net leverage ratio of 3.1x for Q1 2025 Q1 2025 GAAP to Non-GAAP Reconciliation Highlights | Metric | GAAP | Adjustments | Non-GAAP (Adjusted) | | :--- | :--- | :--- | :--- | | Operating Income | $122.2M | $44.3M | $166.5M | | Net Income | $69.9M | $46.7M | $116.6M | | Diluted EPS | $0.47 | $0.31 | $0.78 | Free Cash Flow (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $119,199 | $106,487 | | Additions to PP&E and software | ($32,575) | ($42,130) | | Free cash flow | $86,624 | $64,357 | Leverage Ratios | Metric | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Net Debt | $2,634.6M | $2,629.7M | | Adjusted EBITDA (LTM) | $859.8M | $882.8M | | Net leverage ratio | 3.1x | 3.0x | [Conference Call and Webcast](index=2&type=section&id=Conference%20Call%20and%20Webcast) Sensata will host a conference call at 4:30 p.m. ET to discuss Q1 2025 results and Q2 outlook, with a webcast available online - A conference call is scheduled for **4:30 p.m. Eastern Time** to discuss Q1 2025 results and Q2 2025 outlook[10](index=10&type=chunk) - A live webcast and a replay of the call will be made available on the investor relations page of Sensata's website[10](index=10&type=chunk) [Safe Harbor Statement](index=5&type=section&id=Safe%20Harbor%20Statement) This statement warns investors about forward-looking statements subject to risks like market instability and trade tariffs, advising review of SEC filings - The report includes forward-looking statements concerning future financial and operating results, business outlook, and strategic initiatives[25](index=25&type=chunk) - These statements are subject to risks and uncertainties, including global market instability, supplier interruptions, trade tariffs, and competition[26](index=26&type=chunk) - Investors are advised to consider risk factors detailed in the company's Annual Report on Form 10-K and other SEC filings[27](index=27&type=chunk)

Core Viewpoint - Analysts expect Sensata (ST) to report quarterly earnings of $0.72 per share, reflecting a year-over-year decline of 19.1% and revenues of $879.52 million, down 12.6% from the previous year [1] Earnings Projections - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong link between earnings estimate trends and short-term stock price movements [2] Key Metrics Analysis - Analysts estimate 'Net Revenue- Sensing Solutions' at $245.61 million, indicating a year-over-year decline of 4.7% - The consensus for 'Net Revenue- Performance Sensing' is $635.90 million, reflecting a decrease of 10.9% from the same quarter last year [4] Segment Profit Estimates - Estimated 'Segment Profit- Performance Sensing' is $137.69 million, down from $185.13 million reported in the same quarter last year - 'Segment Profit- Sensing Solutions' is projected to be $69.39 million, compared to $72.48 million reported in the same quarter of the previous year [5] Stock Performance - Sensata shares have increased by 22.3% over the past month, outperforming the Zacks S&P 500 composite's 10.6% increase, but the stock holds a Zacks Rank 4 (Sell), indicating expected underperformance in the near term [6]

Sensata Technologies Holding plc (NYSE:ST) Q2 2022 Results Earnings Conference Call July 26, 2022 8:00 AM ET Company Participants Jacob Sayer - Vice President of Finance Jeffrey Cote - Chief Executive Officer and President Paul Vasington - Executive Vice President and Chief Financial Officer Conference Call Participants Wamsi Mohan - Bank of America Merrill Lynch Mark Delaney - Goldman Sachs Samik Chatterjee - J.P. Morgan Luke Junk - Robert W. Baird Nikolay Todorov - Longbow Research Chris Snyder - UBS Dav ...