Sensata Technologies Reports First Quarter 2021 Financial Results
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Sensata Technologies (ST) Tops Q1 EPS by 13c, Revenues Beat; Raises FY21 Revenue Guidance Above Consensus, 1Q EPS/Revenue Outlook Above Consensus
April 27, 2021 6:07 AM EDTSensata Technologies (NYSE: ST) reported Q1 EPS of $0.86, $0.13 better than the analyst estimate of $0.73. Revenue for the quarter came in at $942.5 million versus the consensus estimate of $890.36 million.
Revenue:
Revenue was a record $942.5 million, an increase of $168.3 million, or 21.7%, compared to $774.3 million in the first quarter of 2020.Revenue increased 18.8% from the first quarter of 2020 on an organic basis, which excludes a 2.9% increase from foreign currency exchange rates versus the prior-year period.Operating income:
Operating income was $157.5 million (16.7% of revenue), an increase of $98.9 million, or 168.7%, compared to operating... More