Sensata Technologies (ST) Tops Q4 EPS by 2c

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Sensata Technologies Reports Fourth Quarter and Full Year 2016 Financial Results

February 2, 2017 6:01 AM EST

HENGELO, the Netherlands, Feb. 02, 2017 (GLOBE NEWSWIRE) -- Sensata Technologies (NYSE: ST) today announced financial results for its fourth quarter and full year ended December 31, 2016.

Revenue was $788.4 million in the fourth quarter of 2016, an increase of $61.9 million, or 8.5%, from revenue of $726.5 million in the fourth quarter of 2015. Excluding a 5.6% positive effect from acquisitions, net of exited businesses, and a 2.9% negative effect from changes in foreign currency exchange rates, Sensata reported organic revenue growth of 5.8% in the fourth quarter of 2016.

Net income was $66.5 million in the fourth quarter... More