Swindon, United Kingdom – April 29, 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 financial results for its first quarter ended March 31, 2020.
Operating results for the first quarter of 2020 compared to the first quarter of 2019 are summarized below. These results include non-GAAP financial measures, each of which is defined and reconciled to the most directly comparable GAAP measure later in this press release.
- Revenue was $774.3 million, a decrease of $96.2 million, or 11.1%, compared to $870.5 million in the three months ended March 31, 2019.
- Revenue declined 10.4% on an organic basis, which excludes the (0.7%) effect from foreign currency exchange rates versus the prior year period.