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Mar 31, 2024
Sensata Q1 2024 Earnings Report
Reported a solid start to 2024, with revenue and adjusted operating margins towards the high end of guidance range.
Key Takeaways
Sensata Technologies reported a slight increase in revenue for Q1 2024, with a solid start to the year and adjusted operating margins towards the higher end of the guidance. Revenue increased by 0.9% compared to the first quarter of 2023, reaching $1,006.7 million. The company's adjusted EPS was $0.89, a slight decrease of 3.3% compared to the previous year.
Revenue was $1,006.7 million, a 0.9% increase compared to Q1 2023.
Operating income was $144.8 million, 14.4% of revenue, a 2.7% decrease compared to Q1 2023.
Adjusted earnings per share was $0.89, a 3.3% decrease compared to Q1 2023.
Free cash flow totaled $64.4 million, compared to $60.0 million in the prior year period.
Forward Guidance
For the second quarter of 2024, Sensata expects revenue of $1,025 to $1,055 million and adjusted EPS of $0.89 to $0.95.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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