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Sensata Technologies (ST) Reports Q4 EPS of $0.87 on Revenues of $840.5M; Offers Q1 & FY18 EPS/Revenue Outlook

February 1, 2018 6:17 AM

Sensata Technologies (NYSE: ST) reported Q4 EPS of $0.87. Revenue for the quarter came in at $840.5 million, versus $0 reported last year.

“We finished the year strong in the fourth quarter, accelerating our organic revenue growth, expanding our adjusted EBIT margins and delivering attractive EPS growth,” said Martha Sullivan, President and Chief Executive Officer. “Our full year 2017 revenue growth exceeded our initial guidance and was driven by 14 percent organic revenue growth in our heavy vehicle & off road business, strength in China, and solid demand from our industrial customers. Our strong margin expansion and adjusted EPS growth are the result of both M&A cost synergies and core productivity improvements. I would like to thank all of Sensata's employees who helped to make 2017 such a successful year. Looking ahead, with our strong cash flow and improved balance sheet, we have significant opportunities to augment our solid operational performance with a balanced, value-creating capital deployment strategy in 2018.”

FY 2018 Guidance

Sensata anticipates revenue to be between $3.442 billion and $3.542 billion for full year 2018, which would represent organic revenue growth of between 3 and 5 percent. For full year 2018, Sensata expects adjusted EBIT to be between $818 and $846 million. Additionally, the Company expects adjusted net income to be between $617 million and $645 million and adjusted earnings per share to be between $3.57 and $3.73 for full year 2018, which would represent organic growth of 9 to 13 percent. Sensata expects that changes in foreign currency exchange rates will increase revenues by approximately 1 to 2 percent and will increase adjusted earnings per share by $0.10 to $0.14 for full year 2018.

Q1 2018 Guidance

Sensata anticipates revenue to be between $849 million and $873 million for the first quarter of 2018, which would represent organic revenue growth of between 3 and 5 percent. Additionally, Sensata expects adjusted EBIT to be between $191 and $197 million and for adjusted net income to be between $141 million and $147 million, which would represent organic growth of 11 to 15 percent. The Company expects adjusted earnings per share to be between $0.81 and $0.85 for the first quarter of 2018.

Sensata expects that changes in foreign currency exchange rates will increase revenues by approximately 3 percent and will increase adjusted EPS by $0.03 to $0.04 in the first quarter of 2018.

GUIDANCE:

Sensata Technologies sees Q1 2018 EPS of $0.81-$0.84. Sensata Technologies sees Q1 2018 revenue of $849-873 million.

Sensata Technologies sees FY2018 EPS of $3.57-$3.73. Sensata Technologies sees FY2018 revenue of $3.442-3.542 billion.

For earnings history and earnings-related data on Sensata Technologies (ST) click here.

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