Sensata Technologies Reports First Quarter 2025 Financial Results
“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 $95.5 million 9.5% , compared to$1,006.7 million
Operating income:
-
Operating income of
$122.2 million 13.4% of revenue, decreased by$22.6 million 15.6% , compared to operating income of$144.8 million 14.4% of revenue, in the first quarter of 2024. -
Adjusted operating income was
$166.5 million 18.3% of revenue, a decrease of$22.0 million 11.7% , compared to adjusted operating income of$188.5 million 18.7% of revenue, in the first quarter of 2024.
Earnings per share:
-
Earnings per share was
$0.47 $0.03 6.0% , compared to earnings per share of$0.50 -
Adjusted earnings per share was
$0.78 $0.11 12.4% , compared to adjusted earnings per share of$0.89
Sensata generated free cash flow of
During the first quarter of 2025, Sensata returned approximately
Guidance
For the second quarter of 2025, Sensata expects revenue of
Q2-2025 Guidance |
|
|
|
$ in millions, except EPS |
Q2-25 Guidance |
Q1-25 |
Q/Q Change |
Revenue |
|
|
|
Adjusted Operating Income |
|
|
|
Adj. Operating Margin |
|
|
30 bps - 50 bps |
Adjusted Net Income |
|
|
|
Adjusted EPS |
|
|
|
-
Revenue includes approximately
$20 million -
Adjusted Operating Income, Adjusted Net Income, and Adjusted EPS are not expected to be impacted by tariffs, as
$20 million $20 million -
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.
Non-GAAP Financial Measures
We supplement the reporting of our financial information determined in accordance with
Non-GAAP financial measures should be considered as supplemental in nature and are not meant to be considered in isolation or as a substitute for the related financial information prepared in accordance with
The non-GAAP financial measures referenced by Sensata in this release include: adjusted net income, adjusted earnings per share (“EPS”), adjusted operating income, adjusted operating margin, free cash flow, organic revenue growth, market outgrowth, adjusted corporate and other expenses, adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA"), net debt, and gross and net leverage ratio. We also refer to changes in certain non-GAAP measures, usually reported either as a percentage or number of basis points, between two periods. Such changes are also considered non-GAAP measures.
Adjusted net income (or loss) is defined as net income (or loss), determined in accordance with
Adjusted operating income (or loss) is defined as operating income (or loss), determined in accordance with
Free cash flow is defined as net cash provided by/(used in) operating activities less additions to property, plant and equipment and capitalized software. We believe that this measure is useful to investors and management as a measure of cash generated by business operations that will be used to repay scheduled debt maturities and can be used to fund acquisitions, repurchase ordinary shares, or for the accelerated repayment of debt obligations.
Organic revenue growth (or decline) is defined as the reported percentage change in net revenue calculated in accordance with
Adjusted EBITDA is defined as net income (or loss), determined in accordance with
Gross leverage ratio is defined as gross debt divided by last twelve months (LTM) adjusted EBITDA. We believe that gross leverage ratio is a useful measure to management and investors in understanding trends in our overall financial condition.
Net debt is defined as total debt, finance lease, and other financing obligations less cash and cash equivalents. We believe net debt is a useful measure to management and investors in understanding trends in our overall financial condition.
Net leverage ratio is defined as net debt divided by last twelve months (LTM) adjusted EBITDA. We believe the net leverage ratio is a useful measure to management and investors in understanding trends in our overall financial condition.
In discussing trends in our performance, we may refer to certain non-GAAP financial measures or the percentage change of certain non-GAAP financial measures in one period versus another, calculated on a constant currency basis. Constant currency is determined by stating revenues and expenses at prior period foreign currency exchange rates and excludes the impact of foreign currency exchange rates on all hedges and, as applicable, net monetary assets. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.
Safe Harbor Statement
This earnings release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as "may," "will," "could," "should," "expect," "anticipate," "believe," "estimate," "predict," "project," "forecast," "continue," "intend," "plan," "potential," "opportunity," "guidance," and similar terms or phrases. Forward-looking statements involve, among other things, expectations, projections, and assumptions about future financial and operating results, objectives, business and market outlook, megatrends, priorities, growth, shareholder value, capital expenditures, cash flows, demand for products and services, share repurchases, and Sensata’s strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. These statements are subject to risks, uncertainties, and other important factors relating to our operations and business environment, and we can give no assurances that these forward-looking statements will prove to be correct.
A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements, including, but not limited to, risks related to instability and changes in the global markets, supplier interruption or non-performance, changes in trade-related tariffs and risks with uncertain trade environments, the acquisition or disposition of businesses, adverse conditions or competition in the industries upon which we are dependent, intellectual property, product liability, warranty, and recall claims, public health crisis, market acceptance of new product introductions and product innovations, labor disruptions or increased labor costs, changes in existing environmental or safety laws, regulations, and programs, and the impact of our recently reported cybersecurity incident or other incidents that may occur in the future.
Investors and others should carefully consider the foregoing factors and other uncertainties, risks, and potential events including, but not limited to, those described in Item 1A: Risk Factors in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A: Risk Factors in our Quarterly Reports on Form 10-Q or other subsequent filings with the United States Securities and Exchange Commission. All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law.
SENSATA TECHNOLOGIES HOLDING PLC |
||||||
Condensed Consolidated Statements of Operations |
||||||
(In thousands, except per share amounts) |
||||||
(Unaudited) |
||||||
|
For the three months ended March 31, |
|||||
|
|
2025 |
|
|
2024 |
|
Net revenue |
$ |
911,255 |
|
$ |
1,006,709 |
|
Operating costs and expenses: |
|
|
||||
Cost of revenue |
|
638,667 |
|
|
689,260 |
|
Research and development |
|
36,809 |
|
|
45,314 |
|
Selling, general and administrative |
|
86,026 |
|
|
88,046 |
|
Amortization of intangible assets |
|
20,577 |
|
|
38,515 |
|
Restructuring and other charges, net |
|
6,980 |
|
|
782 |
|
Total operating costs and expenses |
|
789,059 |
|
|
861,917 |
|
Operating income |
|
122,196 |
|
|
144,792 |
|
Interest expense |
|
(37,973 |
) |
|
(38,395 |
) |
Interest income |
|
4,290 |
|
|
3,738 |
|
Other, net |
|
2,128 |
|
|
(11,544 |
) |
Income before taxes |
|
90,641 |
|
|
98,591 |
|
Provision for income taxes |
|
20,722 |
|
|
22,570 |
|
Net income |
$ |
69,919 |
|
$ |
76,021 |
|
|
|
|
||||
Net income per share: |
|
|
||||
Basic |
$ |
0.47 |
|
$ |
0.51 |
|
Diluted |
$ |
0.47 |
|
$ |
0.50 |
|
|
|
|
||||
Weighted-average ordinary shares outstanding: |
|
|||||
Basic |
|
148,498 |
|
|
150,480 |
|
Diluted |
|
148,816 |
|
150,921 |
||
SENSATA TECHNOLOGIES HOLDING PLC |
|||||
Condensed Consolidated Balance Sheets |
|||||
(In thousands) |
|||||
(Unaudited) |
|||||
|
March 31,
|
December 31, 2024 |
|||
Assets |
|
|
|||
Current assets: |
|
|
|||
Cash and cash equivalents |
$ |
588,139 |
$ |
593,670 |
|
Accounts receivable, net of allowances |
|
695,193 |
|
660,180 |
|
Inventories |
|
661,080 |
|
614,455 |
|
Prepaid expenses and other current assets |
|
153,815 |
|
158,934 |
|
Total current assets |
|
2,098,227 |
|
2,027,239 |
|
Property, plant and equipment, net |
|
812,284 |
|
821,653 |
|
Goodwill |
|
3,383,812 |
|
3,383,800 |
|
Other intangible assets, net |
|
476,032 |
|
492,878 |
|
Deferred income tax assets |
|
292,334 |
|
288,189 |
|
Other assets |
|
114,449 |
|
129,505 |
|
Total assets |
$ |
7,177,138 |
$ |
7,143,264 |
|
|
|
|
|||
Liabilities and shareholders' equity |
|
|
|||
Current liabilities: |
|
|
|||
Current portion of long-term debt and finance lease obligations |
$ |
2,130 |
$ |
2,414 |
|
Accounts payable |
|
480,424 |
|
362,186 |
|
Income taxes payable |
|
36,358 |
|
29,417 |
|
Accrued expenses and other current liabilities |
|
274,682 |
|
317,341 |
|
Total current liabilities |
|
793,594 |
|
711,358 |
|
Deferred income tax liabilities |
|
231,120 |
|
235,689 |
|
Pension and other post-retirement benefit obligations |
|
28,733 |
|
27,910 |
|
Finance lease obligations, less current portion |
|
20,627 |
|
20,984 |
|
Long-term debt, net |
|
3,177,278 |
|
3,176,098 |
|
Other long-term liabilities |
|
77,152 |
|
80,782 |
|
Total liabilities |
|
4,328,504 |
|
4,252,821 |
|
Total shareholders' equity |
|
2,848,634 |
|
2,890,443 |
|
Total liabilities and shareholders' equity |
$ |
7,177,138 |
$ |
7,143,264 |
|
SENSATA TECHNOLOGIES HOLDING PLC |
||||||
Condensed Consolidated Statements of Cash Flows |
||||||
(In thousands) |
||||||
(Unaudited) |
||||||
|
For the three months ended March 31, |
|||||
|
|
2025 |
|
|
2024 |
|
Cash flows from operating activities: |
|
|
||||
Net income |
$ |
69,919 |
|
$ |
76,021 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
||||
Depreciation |
|
40,962 |
|
|
33,523 |
|
Amortization of debt issuance costs |
|
1,180 |
|
|
1,562 |
|
Loss on sale of business |
|
3,916 |
|
|
— |
|
Share-based compensation |
|
6,851 |
|
|
8,133 |
|
Amortization of intangible assets |
|
20,577 |
|
|
38,515 |
|
Deferred income taxes |
|
(6,647 |
) |
|
2,574 |
|
Loss on equity investments, net |
|
— |
|
|
13,287 |
|
Other non-cash gain/(loss), net |
|
5,175 |
|
|
(4,184 |
) |
Changes in operating assets and liabilities, net of effects of divestitures |
|
(22,734 |
) |
|
(62,944 |
) |
Net cash provided by operating activities |
|
119,199 |
|
|
106,487 |
|
|
|
|
||||
Cash flows from investing activities: |
|
|
||||
Additions to property, plant and equipment and capitalized software |
|
(32,575 |
) |
|
(42,130 |
) |
Proceeds from the sale of business, net of cash sold |
|
25,635 |
|
|
— |
|
Other |
|
66 |
|
|
— |
|
Net cash used in investing activities |
|
(6,874 |
) |
|
(42,130 |
) |
|
|
|
||||
Cash flows from financing activities: |
|
|
||||
Payment of employee restricted stock tax withholdings |
|
(61 |
) |
|
(129 |
) |
Payments on debt |
|
(685 |
) |
|
(279 |
) |
Dividends paid |
|
(17,901 |
) |
|
(18,056 |
) |
Payments to repurchase ordinary shares |
|
(100,500 |
) |
|
(10,052 |
) |
Purchase of noncontrolling interest in joint venture |
|
— |
|
|
(79,393 |
) |
Payments of debt financing costs |
|
— |
|
|
(39 |
) |
Net cash used in financing activities |
|
(119,147 |
) |
|
(107,948 |
) |
Effect of exchange rate changes on cash and cash equivalents |
|
1,291 |
|
|
(4,154 |
) |
Net change in cash and cash equivalents |
|
(5,531 |
) |
|
(47,745 |
) |
Cash and cash equivalents, beginning of year |
|
593,670 |
|
|
508,104 |
|
Cash and cash equivalents, end of period |
$ |
588,139 |
|
$ |
460,359 |
|
Segment Performance (Unaudited)
|
|
For the three months ended March 31, |
||||||
$ in 000s |
|
|
2025 |
|
|
2024 |
|
|
Performance Sensing |
|
|
|
|||||
Revenue |
|
$ |
650,416 |
|
$ |
713,318 |
|
|
Operating income |
|
$ |
142,876 |
|
$ |
168,968 |
|
|
% of Performance Sensing revenue |
|
|
22.0 |
% |
|
23.7 |
% |
|
|
|
|
|
|||||
Sensing Solutions |
|
|
|
|||||
Revenue |
|
$ |
260,839 |
|
$ |
257,839 |
|
|
Operating income |
|
$ |
76,066 |
|
$ |
72,294 |
|
|
% of Sensing Solutions revenue |
|
|
29.2 |
% |
|
28.0 |
% |
|
|
|
|
|
|||||
Other |
|
|
|
|||||
Revenue |
|
$ |
— |
|
$ |
35,552 |
|
|
Operating income |
|
$ |
— |
|
$ |
6,781 |
|
|
% of Other revenue |
|
|
0.0 |
% |
|
19.1 |
% |
|
Revenue by Business, Geography, and End Market (Unaudited)
(percent of total revenue) |
|
For the three months ended March 31, |
||||
|
|
2025 |
|
2024 |
||
Performance Sensing |
|
71.4 |
% |
|
70.9 |
% |
Sensing Solutions |
|
28.6 |
% |
|
25.6 |
% |
Other |
|
— |
% |
|
3.5 |
% |
Total |
|
100.0 |
% |
|
100.0 |
% |
(percent of total revenue) |
|
For the three months ended March 31, |
||||
|
|
2025 |
|
2024 |
||
|
|
40.9 |
% |
|
42.6 |
% |
|
|
27.7 |
% |
|
28.3 |
% |
|
|
31.4 |
% |
|
29.1 |
% |
Total |
|
100.0 |
% |
|
100.0 |
% |
(percent of total revenue) |
|
For the three months ended March 31, |
||||
|
|
2025 |
|
2024 |
||
Automotive |
|
58.3 |
% |
|
55.9 |
% |
Heavy vehicle and off-road |
|
17.0 |
% |
|
18.8 |
% |
Industrial |
|
15.2 |
% |
|
13.4 |
% |
HVAC (1) |
|
4.3 |
% |
|
3.8 |
% |
Aerospace |
|
5.2 |
% |
|
4.6 |
% |
All other |
|
— |
% |
|
3.5 |
% |
Total |
|
100.0 |
% |
|
100.0 |
% |
(1) Heating, ventilation and air conditioning.
GAAP to Non-GAAP Reconciliations
The following unaudited tables provide a reconciliation of the difference between each of the non-GAAP financial measures referenced herein and the most directly comparable
Operating income and margin, income tax, net income, and earnings per share
($ in thousands, except per share amounts) |
For the three months ended March 31, 2025 |
||||||||||||||||
|
Operating Income |
Operating Margin |
Income Taxes |
Net Income |
Diluted EPS |
||||||||||||
Reported (GAAP) |
$ |
122,196 |
|
13.4 |
% |
|
$ |
20,722 |
|
|
$ |
69,919 |
|
|
$ |
0.47 |
|
Non-GAAP adjustments: |
|
|
|
|
|
|
|
|
|
||||||||
Restructuring related and other |
|
18,316 |
|
2.0 |
% |
|
|
1,573 |
|
|
|
19,889 |
|
|
|
0.13 |
|
Financing and other transaction costs |
|
5,442 |
|
0.6 |
% |
|
|
— |
|
|
|
5,442 |
|
|
|
0.04 |
|
Amortization of intangible assets |
|
20,577 |
|
2.3 |
% |
|
|
— |
|
|
|
20,577 |
|
|
|
0.14 |
|
Amortization of debt issuance costs |
|
— |
|
— |
% |
|
|
— |
|
|
|
1,180 |
|
|
|
0.01 |
|
Other, net |
|
— |
|
— |
% |
|
|
(489 |
) |
|
|
(2,617 |
) |
|
|
(0.02 |
) |
Deferred taxes and other tax related |
|
— |
|
— |
% |
|
|
2,234 |
|
|
|
2,234 |
|
|
|
0.02 |
|
Total adjustments |
|
44,335 |
|
4.9 |
% |
|
|
3,318 |
|
|
|
46,705 |
|
|
|
0.31 |
|
Adjusted (non-GAAP) |
$ |
166,531 |
|
18.3 |
% |
|
$ |
17,404 |
|
|
$ |
116,624 |
|
|
$ |
0.78 |
|
($ in thousands, except per share amounts) |
For the three months ended March 31, 2024 |
||||||||||||||
|
Operating Income |
Operating Margin |
Income Tax |
Net Income |
Diluted EPS |
||||||||||
Reported (GAAP) |
$ |
144,792 |
|
14.4 |
% |
|
$ |
22,570 |
|
|
$ |
76,021 |
|
$ |
0.50 |
Non-GAAP adjustments: |
|
|
|
|
|
|
|
|
|
||||||
Restructuring related and other |
|
2,019 |
|
0.2 |
% |
|
|
(421 |
) |
|
|
1,598 |
|
|
0.01 |
Financing and other transaction costs |
|
4,602 |
|
0.5 |
% |
|
|
(206 |
) |
|
|
4,396 |
|
|
0.03 |
Amortization of intangible assets |
|
37,127 |
|
3.7 |
% |
|
|
— |
|
|
|
37,127 |
|
|
0.25 |
Amortization of debt issuance costs |
|
— |
|
— |
% |
|
|
— |
|
|
|
1,562 |
|
|
0.01 |
Other, net |
|
— |
|
— |
% |
|
|
444 |
|
|
|
11,988 |
|
|
0.08 |
Deferred taxes and other tax related |
|
— |
|
— |
% |
|
|
1,286 |
|
|
|
1,286 |
|
|
0.01 |
Total adjustments |
|
43,748 |
|
4.3 |
% |
|
|
1,103 |
|
|
|
57,957 |
|
|
0.38 |
Adjusted (non-GAAP) |
$ |
188,540 |
|
18.7 |
% |
|
$ |
21,467 |
|
|
$ |
133,978 |
|
$ |
0.89 |
Non-GAAP adjustments by location in statements of operations
(in thousands) |
For the three months ended March 31, |
||||||
|
|
2025 |
|
|
|
2024 |
|
Cost of revenue |
$ |
5,624 |
|
|
|
$ |
1,154 |
Selling, general and administrative |
|
11,154 |
|
|
|
|
4,685 |
Amortization of intangible assets |
|
20,577 |
|
|
|
|
37,127 |
Restructuring and other charges, net |
|
6,980 |
|
|
|
|
782 |
Operating income adjustments |
|
44,335 |
|
|
|
|
43,748 |
Interest expense, net |
|
1,180 |
|
|
|
|
1,562 |
Other, net |
|
(2,128 |
) |
|
|
|
11,544 |
Provision for income taxes |
|
3,318 |
|
|
|
|
1,103 |
Net income adjustments |
$ |
46,705 |
|
|
|
$ |
57,957 |
Free cash flow
|
|
For the three months ended March 31, |
|||||||||
($ in thousands) |
|
2025 |
2024 |
% △ |
|||||||
Net cash provided by operating activities |
|
$ |
119,199 |
|
|
$ |
106,487 |
|
|
11.9 |
% |
Additions to property, plant and equipment and capitalized software |
|
|
(32,575 |
) |
|
|
(42,130 |
) |
|
22.7 |
% |
Free cash flow |
|
$ |
86,624 |
|
|
$ |
64,357 |
|
|
34.6 |
% |
Adjusted corporate and other expenses
|
|
For the three months ended March 31, |
||||||
(in thousands) |
|
2025 |
2024 |
|||||
Corporate and other expenses (GAAP) |
|
$ |
(69,189 |
) |
|
$ |
(63,954 |
) |
Restructuring related and other |
|
|
15,767 |
|
|
|
2,192 |
|
Financing and other transaction costs |
|
|
1,011 |
|
|
|
3,647 |
|
Total adjustments |
|
|
16,778 |
|
|
|
5,839 |
|
Adjusted corporate and other expenses (non-GAAP) |
|
$ |
(52,411 |
) |
|
$ |
(58,115 |
) |
Adjusted EBITDA
|
|
|
|
For the three months ended March 31, |
|||||||
(in thousands) |
|
LTM |
|
2025 |
2024 |
||||||
Net income |
|
$ |
122,375 |
|
|
$ |
69,919 |
|
|
$ |
76,021 |
Interest expense, net |
|
|
138,639 |
|
|
|
33,683 |
|
|
|
34,657 |
(Benefit from)/provision for income taxes |
|
|
(142,162 |
) |
|
|
20,722 |
|
|
|
22,570 |
Depreciation expense |
|
|
174,574 |
|
|
|
40,962 |
|
|
|
33,523 |
Amortization of intangible assets |
|
|
127,806 |
|
|
|
20,577 |
|
|
|
38,515 |
EBITDA |
|
|
421,232 |
|
|
|
185,863 |
|
|
|
205,286 |
Non-GAAP Adjustments |
|
|
|
|
|
|
|||||
Restructuring related and other |
|
|
296,618 |
|
|
|
11,028 |
|
|
|
2,019 |
Financing and other transaction costs |
|
|
134,157 |
|
|
|
5,442 |
|
|
|
4,351 |
Other, net |
|
|
7,828 |
|
|
|
(2,128 |
) |
|
|
11,544 |
Adjusted EBITDA |
|
$ |
859,835 |
|
|
$ |
200,205 |
|
|
$ |
223,200 |
Gross and net debt and leverage
|
|
As of |
||||||
($ in thousands) |
|
March 31,
|
|
December 31, 2024 |
||||
Current portion of long-term debt and finance lease obligations |
|
$ |
2,130 |
|
|
$ |
2,414 |
|
Finance lease obligations, less current portion |
|
|
20,627 |
|
|
|
20,984 |
|
Long-term debt, net |
|
|
3,177,278 |
|
|
|
3,176,098 |
|
Total debt and finance lease obligations |
|
|
3,200,035 |
|
|
|
3,199,496 |
|
Less: debt premium, net |
|
|
939 |
|
|
|
997 |
|
Less: deferred financing costs |
|
|
(23,661 |
) |
|
|
(24,899 |
) |
Total gross indebtedness |
|
|
3,222,757 |
|
|
|
3,223,398 |
|
|
|
|
|
|
||||
Adjusted EBITDA (LTM) |
|
$ |
859,835 |
|
|
$ |
882,830 |
|
Gross leverage ratio |
|
|
3.7 |
|
|
|
3.7 |
|
|
|
|
|
|
||||
Total gross indebtedness |
|
|
3,222,757 |
|
|
|
3,223,398 |
|
Less: cash and cash equivalents |
|
|
588,139 |
|
|
|
593,670 |
|
Net debt |
|
$ |
2,634,618 |
|
|
$ |
2,629,728 |
|
|
|
|
|
|
||||
Adjusted EBITDA (LTM) |
|
$ |
859,835 |
|
|
$ |
882,830 |
|
Net leverage ratio |
|
|
3.1 |
|
|
|
3.0 |
|
Guidance
|
For the three months ending June 30, 2025 |
||||||||||||||||
($ in millions, except per share amounts) |
Operating Income |
|
Net Income |
|
EPS |
||||||||||||
|
Low |
|
High |
|
Low |
|
High |
|
Low |
|
High |
||||||
GAAP |
$ |
140.7 |
|
$ |
147.5 |
|
$ |
79.0 |
|
$ |
85.0 |
|
$ |
0.54 |
|
$ |
0.58 |
Restructuring related and other |
|
7.5 |
|
|
8.0 |
|
|
7.5 |
|
|
8.0 |
|
|
0.05 |
|
|
0.05 |
Financing and other transaction costs |
|
0.8 |
|
|
1.0 |
|
|
0.8 |
|
|
1.0 |
|
|
0.01 |
|
|
0.01 |
Amortization of intangible assets |
|
20.0 |
|
|
20.5 |
|
|
20.0 |
|
|
20.5 |
|
|
0.14 |
|
|
0.14 |
Amortization of debt issuance costs |
|
— |
|
|
— |
|
|
1.1 |
|
|
1.2 |
|
|
0.01 |
|
|
0.01 |
Other, net |
|
— |
|
|
— |
|
|
0.6 |
|
|
0.8 |
|
|
— |
|
|
0.01 |
Deferred taxes and other tax related |
|
— |
|
|
— |
|
|
8.0 |
|
|
8.5 |
|
|
0.05 |
|
|
0.06 |
Non-GAAP |
$ |
169.0 |
|
$ |
177.0 |
|
$ |
117.0 |
|
$ |
125.0 |
|
$ |
0.80 |
|
$ |
0.86 |
Weighted-average diluted shares outstanding (in millions) |
|
|
|
|
|
|
146.0 |
|
|
146.0 |
|||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20250508443976/en/
Media & Investors:
James Entwistle
+1(508) 954-1561
jentwistle@sensata.com
investors@sensata.com
Source: Sensata Technologies
