Sensata Technologies (ST) Reports In-Line Q3 EPS, Revenues Beat; Offers FY18 EPS/Revenue Mid-Point Guidance Above Consensus

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Go back to Sensata Technologies (ST) Reports In-Line Q3 EPS, Revenues Beat; Offers FY18 EPS/Revenue Mid-Point Guidance Above Consensus

Sensata Technologies Reports Third Quarter 2018 Financial Results

October 30, 2018 6:00 AM EDT

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

Revenue in the third quarter of 2018 was $873.6 million, an increase of $54.5 million, or 6.7%, from revenue of $819.1 million in the third quarter of 2017.  Excluding a 1.2% negative effect from exited businesses, Sensata reported organic revenue growth of 7.9% in the third quarter of 2018.  Changes in foreign exchange rates had a negligible effect on revenue growth in the third quarter of 2018.

Net income in the... More