Sensata Technologies (ST) Tops Q1 EPS by 3c; Guides Relatively In-Line

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Sensata Technologies Reports First Quarter 2017 Financial Results

April 25, 2017 6:00 AM EDT

HENGELO, the Netherlands, April 25, 2017 (GLOBE NEWSWIRE) -- Sensata Technologies (NYSE: ST) today announced financial results for its first quarter ended March 31, 2017.

Revenue was $807.3 million in the first quarter of 2017, an increase of $10.7 million, or 1.3%, from revenue of $796.5 million in the first quarter of 2016. Excluding a 2.2% negative effect from changes in foreign exchange rates, Sensata reported organic revenue growth of 3.5% in the first quarter of 2017.

Net income was $71.7 million in the first quarter 2017, which was 8.9% of revenue or $0.42 per diluted share. This compares to net income of $60.6 million in the first quarter 2016, which was... More