SWINDON, United Kingdom – April 2, 2020 – Sensata Technologies (NYSE:ST), a global industrial technology company and a leading provider of sensor-rich solutions that create insights for customers, today announced a series of actions the Company has taken in response to the coronavirus (COVID-19) pandemic to ensure the health and safety of our employees, continue to serve our critical customer needs and further enhance our financial flexibility during a time of economic uncertainty and market disruption.
As the COVID-19 pandemic has spread rapidly around the globe, it has become increasingly difficult to quantify the impact on our business as well as to provide a reliable forecast of our future financial performance. Therefore, Sensata is withdrawing its first quarter and full year 2020 guidance given on February 11. Sensata currently expects revenue for the first quarter of fiscal 2020 to be in the range of $760 - $770 million. We will provide more information on our first quarter 2020 earnings call.