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Mar 31, 2022
Sensata Q1 2022 Earnings Report
Sensata's Q1 2022 financial results were reported, demonstrating revenue above guidance due to strong outgrowth and acquisitions.
Key Takeaways
Sensata Technologies reported a 3.5% increase in revenue to $975.8 million in Q1 2022. The company's adjusted EPS was $0.78, and it initiated a quarterly dividend of $0.11 per share. They also announced the acquisition of Dynapower for $580 million.
Revenue increased by 3.5% to $975.8 million.
Adjusted earnings per share was $0.78.
Operating income was $125.9 million, or 12.9% of revenue.
Sensata repurchased approximately 1.1 million ordinary shares for $67.3 million.
Sensata
Sensata
Sensata Revenue by Segment
Revenue by Segment
Performance Sensing Revenue
CapyFin.comSensing Solutions Revenue
CapyFin.com Forward Guidance
For the second quarter of 2022, Sensata expects revenue of $990 to $1,030 million and adjusted EPS of $0.79 to $0.87. For the fiscal year 2022, they are maintaining their annual financial guidance calling for revenue of $4,175 to $4,275 million and adjusted EPS of $3.80 to $4.06.
Positive Outlook
- Revenue is expected to be between $990 million and $1,030 million for Q2 2022.
- Adjusted EPS is projected to be between $0.79 and $0.87 for Q2 2022.
- Annual revenue is expected to be between $4,175 million and $4,275 million.
- Annual adjusted EPS is projected to be between $3.80 and $4.06.
- Changes in foreign currency exchange rates will increase adjusted EPS by approximately $0.06 at the midpoint for fiscal year 2022.
Challenges Ahead
- Changes in foreign currency exchange rates will decrease revenue by approximately $21 million at the midpoint for fiscal year 2022.
- Changes in foreign currency exchange rates will decrease revenue by approximately $8 million at the midpoint in the second quarter of 2022.
- Organic growth is projected to be (2%) - 2% for Q2 2022.
- Adjusted Operating Income is projected to be $186 - $198 for Q2 2022.
- Adjusted Net Income is projected to be $125 - $137 for Q2 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income