Sensata Technologies (ST) Reports In-Line Q2 EPS, Revenues Beat; Offers FY18 EPS Mid-Point Outlook Above Consensus

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Sensata Technologies Reports Second Quarter 2018 Financial Results

July 24, 2018 6:00 AM EDT

SWINDON, United Kingdom, July 24, 2018 (GLOBE NEWSWIRE) -- Sensata Technologies (NYSE: ST), a global industrial technology company and a leading provider of sensors, today announced financial results for its second quarter ended June 30, 2018.

Revenue in the second quarter of 2018 was $913.9 million, an increase of $74.0 million, or 8.8%, from revenue of $839.9 million in the second quarter of 2017.  Excluding a 2.4% positive effect from changes in foreign exchange rates, Sensata reported organic revenue growth of 6.4% in the second quarter of 2018.

Net income in the second quarter of 2018 grew 32.5%, totaling $105.3 million, which was 11.5% of revenue or $0.61 per... More