Sensata Q2 2020 Earnings Report
Key Takeaways
Sensata Technologies reported a decrease in revenue by 34.8% and an operating loss of $(1.9) million in Q2 2020 compared to the same period in 2019. Despite these challenges, the company saw end market outgrowth in the Automotive and Heavy Vehicle Off Road businesses, new business awards, and positive free cash flow.
Revenue decreased by 34.8% compared to Q2 2019, totaling $576.5 million.
Operating loss was $(1.9) million, a significant decrease from the $147.4 million operating income in Q2 2019.
Adjusted EPS was $0.18, a decrease of 80.6% compared to adjusted EPS of $0.93 in Q2 2019.
The company secured new business awards of over $225 million, including $108 million in electrification.
Sensata
Sensata
Sensata Revenue by Segment
Sensata Revenue by Geographic Location
Forward Guidance
Sensata expects third quarter revenue to be in the range of $675 to $705 million and Adjusted EPS in the range of $0.38 to $0.46, assuming no significant reversal in current market conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income