Sensata Technologies Reports First Quarter 2025 Financial Results

SWINDON, United Kingdom--(BUSINESS WIRE)--Sensata Technologies (NYSE: ST) today announced financial results for its first quarter ended March 31, 2025.

“We started the year with a strong first quarter which exceeded the high end of our guidance ranges. These results reflect early progress from our focus on the key pillars that I shared earlier this year of improving our operational performance, optimizing our capital allocation, and returning Sensata to growth. I look forward to further advancing our work on these priorities to enhance Sensata's resilience and create shareholder value over time," said Stephan von Schuckmann, Chief Executive Officer of Sensata.

Operating Results - First Quarter

Operating results for the first quarter of 2025 compared to the first quarter of 2024 are summarized below. These results include non-GAAP financial measures, each of which is defined and reconciled to the most directly comparable GAAP measure later in this press release.

Revenue:

• Revenue was $911.3 million, a decrease of $95.5 million, or 9.5%, compared to $1,006.7 million in the first quarter of 2024.

Operating income:

• Operating income of $122.2 million, or 13.4% of revenue, decreased by $22.6 million, or 15.6%, compared to operating income of $144.8 million, or 14.4% of revenue, in the first quarter of 2024.
• Adjusted operating income was $166.5 million, or 18.3% of revenue, a decrease of $22.0 million, or 11.7%, compared to adjusted operating income of $188.5 million, or 18.7% of revenue, in the first quarter of 2024.

Earnings per share:

• Earnings per share was $0.47, a decrease of $0.03, or 6.0%, compared to earnings per share of $0.50 in the first quarter of 2024.
• Adjusted earnings per share was $0.78, a decrease of $0.11, or 12.4%, compared to adjusted earnings per share of $0.89 in the first quarter of 2024.

Sensata generated free cash flow of $86.6 million in the first quarter of 2025, and ended the quarter with $588.1 million of cash on hand.

During the first quarter of 2025, Sensata returned approximately $118.4 million to shareholders, including $100.5 million of share repurchases and $17.9 million in quarterly dividends of $0.12 per share paid on February 26, 2025.

Guidance

For the second quarter of 2025, Sensata expects revenue of $910 to $940 million, inclusive of recovery of tariff cost, and adjusted EPS of $0.80 to $0.86.

• Revenue includes approximately $20 million related to expected tariff recovery from customers.
• Adjusted Operating Income, Adjusted Net Income, and Adjusted EPS are not expected to be impacted by tariffs, as $20 million of expected tariff revenue would be offset by $20 million in expected related tariff expense.
• Adjusted Operating Margin, excluding the dilutive impact of tariff revenue and related expense, is expected to be in the range of 19.0% - 19.2%.
• The tariff expectations included in guidance reflect trade policies in effect as of May 8, 2025.

Conference Call and Webcast

Sensata will conduct a conference call today at 4:30 p.m. Eastern Time to discuss its first quarter 2025 financial results and its outlook for the second quarter of 2025. The dial-in numbers for the call are 1-844-784-1726 or 1-412-380-7411. Callers should reference the "Sensata Technologies Q1 2025 Financial Results Conference Call." A live webcast of the conference call will also be available on the investor relations page of Sensata’s website at http://investors.sensata.com. Additionally, a replay of the call will be available until May 15, 2025. To access the replay, dial 1-877-344-7529 or 1-412-317-0088 and enter confirmation code: 1025213.

About Sensata Technologies

Sensata Technologies is a global industrial technology company striving to create a safer, cleaner, more efficient and electrified world. Through its broad portfolio of mission-critical sensors, electrical protection components and sensor-rich solutions, Sensata helps its customers address increasingly complex engineering and operating performance requirements. With more than 18,000 employees and global operations in 14 countries, Sensata serves customers in the automotive, heavy vehicle & off-road, industrial, and aerospace markets. Learn more at www.sensata.com and follow Sensata on LinkedIn, Facebook, X and Instagram.