Sensata Technologies (ST) Reports In-Line Q1 EPS, Revenues Beat; Provdes 2Q & FY19 EPS/Revenue Views

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Sensata Technologies Reports First Quarter 2019 Financial Results

May 1, 2019 6:00 AM EDT

SWINDON, United Kingdom, May 01, 2019 (GLOBE NEWSWIRE) -- Sensata Technologies (NYSE: ST), a global industrial technology company and a leading provider of sensors, today announced financial results for its first quarter ended March 31, 2019.

Revenue in the first quarter of 2019 was $870.5 million, a decrease of $15.8 million, or 1.8%, from revenue of $886.3 million in the first quarter of 2018. Excluding a 1.2% negative effect from changes in foreign currency exchange rates and a 1.4% decline from the net effect of acquisitions and divestitures, Sensata reported organic revenue growth of 0.8% in the first quarter of 2019.

Operating income in the first quarter of... More