| England and Wales | 001-34652 | 98-1386780 | ||||||||||||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
||||||||||||
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||
| Title of each class | Trading Symbol(s) | Name of exchange on which registered | ||||||
| Ordinary Shares - nominal value €0.01 per share | ST | New York Stock Exchange | ||||||
| Item 2.02 | Results of Operations and Financial Condition. | ||||
| Item 2.06 | Material Impairments. | ||||
Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
||||
Item 8.01 |
Other Events |
||||
| Item 9.01 | Financial Statements and Exhibits. | ||||
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
| 99.2 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within inline XBRL document) | |||||||
| SENSATA TECHNOLOGIES HOLDING PLC | |||||||||||||||||
| /s/ David K. Stott | |||||||||||||||||
| Date: | October 28, 2025 | Name: David K. Stott | |||||||||||||||
| Title: Executive Vice President, General Counsel and Corporate Secretary | |||||||||||||||||

Q4-2025 Guidance |
|||||||||||
| $ in millions, except EPS | Q4-25 Guidance |
Q3-25 | Q/Q Change | ||||||||
| Revenue | $890 - $920 |
$932.0 | (5%) - (1%) |
||||||||
| Adjusted Operating Income | $172 - $179 |
$179.6 | (4%) - 0% |
||||||||
| Adj. Operating Margin | 19.3% - 19.5% |
19.3% |
0 bps - 20 bps |
||||||||
| Adjusted Net Income | $121 - $127 |
$129.6 | (7%) - (2%) |
||||||||
| Adjusted EPS | $0.83 - $0.87 |
$0.89 | (7%) - (2%) |
||||||||
| SENSATA TECHNOLOGIES HOLDING PLC | ||
| Condensed Consolidated Statements of Operations | ||
| (In thousands, except per share amounts) | ||
| (Unaudited) | ||
| For the three months ended September 30, | For the nine months ended September 30, | |||||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||||||
| Net revenue | $ | 931,978 | $ | 982,830 | $ | 2,786,617 | $ | 3,025,074 | ||||||||||||||||||
| Operating costs and expenses: | ||||||||||||||||||||||||||
| Cost of revenue | 672,602 | 701,463 | 1,968,373 | 2,115,137 | ||||||||||||||||||||||
| Research and development | 33,034 | 42,685 | 102,432 | 133,324 | ||||||||||||||||||||||
| Selling, general and administrative | 85,763 | 102,453 | 259,622 | 283,772 | ||||||||||||||||||||||
| Amortization of intangible assets | 19,601 | 44,732 | 61,362 | 122,332 | ||||||||||||||||||||||
| Goodwill impairment charge | 225,700 | 150,100 | 225,700 | 150,100 | ||||||||||||||||||||||
| Restructuring and other charges, net | 18,166 | 140,624 | 31,758 | 144,897 | ||||||||||||||||||||||
| Total operating costs and expenses | 1,054,866 | 1,182,057 | 2,649,247 | 2,949,562 | ||||||||||||||||||||||
Operating (loss)/income |
(122,888) | (199,227) | 137,370 | 75,512 | ||||||||||||||||||||||
| Interest expense | (37,715) | (38,942) | (113,367) | (118,200) | ||||||||||||||||||||||
| Interest income | 5,313 | 5,857 | 14,070 | 15,397 | ||||||||||||||||||||||
| Other, net | 6,863 | (12,294) | 9,921 | (19,741) | ||||||||||||||||||||||
(Loss)/income before taxes |
(148,427) | (244,606) | 47,994 | (47,032) | ||||||||||||||||||||||
Provision for/(benefit from) income taxes |
14,096 | (219,572) | 79,930 | (169,722) | ||||||||||||||||||||||
Net (loss)/income |
$ | (162,523) | $ | (25,034) | $ | (31,936) | $ | 122,690 | ||||||||||||||||||
Net (loss)/income per share: |
||||||||||||||||||||||||||
| Basic | $ | (1.12) | $ | (0.17) | $ | (0.22) | $ | 0.81 | ||||||||||||||||||
| Diluted | $ | (1.12) | $ | (0.17) | $ | (0.22) | $ | 0.81 | ||||||||||||||||||
| Weighted-average ordinary shares outstanding: | ||||||||||||||||||||||||||
| Basic | 145,663 | 150,717 | 146,790 | 150,681 | ||||||||||||||||||||||
| Diluted | 145,663 | 150,717 | 146,790 | 151,030 | ||||||||||||||||||||||
| SENSATA TECHNOLOGIES HOLDING PLC | ||
| Condensed Consolidated Balance Sheets | ||
| (In thousands) | ||
| (Unaudited) | ||
| September 30, 2025 |
December 31, 2024 | |||||||||||||
| Assets | ||||||||||||||
| Current assets: | ||||||||||||||
| Cash and cash equivalents | $ | 791,347 | $ | 593,670 | ||||||||||
| Accounts receivable, net of allowances | 724,998 | 660,180 | ||||||||||||
| Inventories | 641,367 | 614,455 | ||||||||||||
| Prepaid expenses and other current assets | 150,589 | 158,934 | ||||||||||||
| Total current assets | 2,308,301 | 2,027,239 | ||||||||||||
| Property, plant and equipment, net | 775,748 | 821,653 | ||||||||||||
| Goodwill | 3,158,164 | 3,383,800 | ||||||||||||
| Other intangible assets, net | 430,137 | 492,878 | ||||||||||||
| Deferred income tax assets | 289,428 | 288,189 | ||||||||||||
| Other assets | 108,181 | 129,505 | ||||||||||||
| Total assets | $ | 7,069,959 | $ | 7,143,264 | ||||||||||
| Liabilities and shareholders' equity | ||||||||||||||
| Current liabilities: | ||||||||||||||
| Current portion of long-term debt and finance lease obligations | $ | 2,234 | $ | 2,414 | ||||||||||
| Accounts payable | 461,021 | 362,186 | ||||||||||||
| Income taxes payable | 35,284 | 29,417 | ||||||||||||
| Accrued expenses and other current liabilities | 295,872 | 317,341 | ||||||||||||
| Total current liabilities | 794,411 | 711,358 | ||||||||||||
| Deferred income tax liabilities | 235,716 | 235,689 | ||||||||||||
| Pension and other post-retirement benefit obligations | 32,616 | 27,910 | ||||||||||||
| Finance lease obligations, less current portion | 19,596 | 20,984 | ||||||||||||
| Long-term debt, net | 3,181,373 | 3,176,098 | ||||||||||||
| Other long-term liabilities | 87,740 | 80,782 | ||||||||||||
| Total liabilities | 4,351,452 | 4,252,821 | ||||||||||||
| Total shareholders' equity | 2,718,507 | 2,890,443 | ||||||||||||
| Total liabilities and shareholders' equity | $ | 7,069,959 | $ | 7,143,264 | ||||||||||
| SENSATA TECHNOLOGIES HOLDING PLC | ||
| Condensed Consolidated Statements of Cash Flows | ||
| (In thousands) | ||
| (Unaudited) | ||
| For the nine months ended September 30, | ||||||||||||||
| 2025 | 2024 | |||||||||||||
| Cash flows from operating activities: | ||||||||||||||
Net (loss)/income |
$ | (31,936) | $ | 122,690 | ||||||||||
Adjustments to reconcile net (loss)/income to net cash provided by operating activities: |
||||||||||||||
| Depreciation | 127,653 | 100,712 | ||||||||||||
| Amortization of debt issuance costs | 3,540 | 4,510 | ||||||||||||
| Goodwill impairment charge | 225,700 | 150,100 | ||||||||||||
Loss on sale of business |
10,202 | 110,111 | ||||||||||||
| Share-based compensation | 18,612 | 27,393 | ||||||||||||
| Loss on debt financing | — | 9,235 | ||||||||||||
| Amortization of intangible assets | 61,362 | 122,332 | ||||||||||||
| Deferred income taxes | (1,017) | (235,943) | ||||||||||||
| Loss on equity investments, net | — | 13,164 | ||||||||||||
Other non-cash loss/(gain), net |
29,451 | (991) | ||||||||||||
| Acquisition-related compensation payments | — | (5,232) | ||||||||||||
Changes in operating assets and liabilities, net of effects of divestitures |
(23,596) | (37,247) | ||||||||||||
| Net cash provided by operating activities | 419,971 | 380,834 | ||||||||||||
| Cash flows from investing activities: | ||||||||||||||
| Additions to property, plant and equipment and capitalized software | (81,586) | (126,759) | ||||||||||||
| Proceeds from the sale of business, net of cash sold | 35,635 | 138,312 | ||||||||||||
| Other | 1,589 | 3,681 | ||||||||||||
Net cash (used in)/provided by investing activities |
(44,362) | 15,234 | ||||||||||||
| Cash flows from financing activities: | ||||||||||||||
| Proceeds from exercise of stock options and issuance of ordinary shares | — | 4,605 | ||||||||||||
| Payment of employee restricted stock tax withholdings | (4,167) | (9,746) | ||||||||||||
| Proceeds from borrowings on debt | — | 500,000 | ||||||||||||
| Payments on debt | (1,542) | (700,855) | ||||||||||||
| Dividends paid | (52,937) | (54,266) | ||||||||||||
| Payments to repurchase ordinary shares | (120,600) | (47,299) | ||||||||||||
| Purchase of noncontrolling interest in joint venture | — | (79,393) | ||||||||||||
| Payments of debt financing costs | (1,765) | (13,379) | ||||||||||||
Net cash used in financing activities |
(181,011) | (400,333) | ||||||||||||
| Effect of exchange rate changes on cash and cash equivalents | 3,079 | 2,376 | ||||||||||||
| Net change in cash and cash equivalents | 197,677 | (1,889) | ||||||||||||
| Cash and cash equivalents, beginning of year | 593,670 | 508,104 | ||||||||||||
| Cash and cash equivalents, end of period | $ | 791,347 | $ | 506,215 | ||||||||||
| For the three months ended September 30, | For the nine months ended September 30, | |||||||||||||||||||||||||
| $ in 000s | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||
Performance Sensing |
||||||||||||||||||||||||||
| Revenue | $ | 656,936 | $ | 659,650 | $ | 1,959,577 | $ | 2,096,889 | ||||||||||||||||||
| Operating income | $ | 155,626 | $ | 145,666 | $ | 445,378 | $ | 476,042 | ||||||||||||||||||
| % of Performance Sensing revenue | 23.7% | 22.1% | 22.7% | 22.7% | ||||||||||||||||||||||
| Sensing Solutions | ||||||||||||||||||||||||||
| Revenue | $ | 275,042 | $ | 274,386 | $ | 827,040 | $ | 800,296 | ||||||||||||||||||
| Operating income | $ | 85,074 | $ | 80,798 | $ | 249,176 | $ | 232,767 | ||||||||||||||||||
| % of Sensing Solutions revenue | 30.9% | 29.4% | 30.1% | 29.1% | ||||||||||||||||||||||
Other |
||||||||||||||||||||||||||
| Revenue | $ | — | $ | 48,794 | $ | — | $ | 127,889 | ||||||||||||||||||
| Operating income | $ | — | $ | 12,069 | $ | — | $ | 28,054 | ||||||||||||||||||
| % of Other revenue | 0.0% | 24.7% | 0.0% | 21.9% | ||||||||||||||||||||||
| (percent of total revenue) | For the three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||||||
Performance Sensing |
70.5 | % | 67.1 | % | 70.3 | % | 69.3 | % | ||||||||||||||||||
| Sensing Solutions | 29.5 | % | 27.9 | % | 29.7 | % | 26.5 | % | ||||||||||||||||||
Other |
— | % | 5.0 | % | — | % | 4.2 | % | ||||||||||||||||||
| Total | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | ||||||||||||||||||
| (percent of total revenue) | For the three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||||||
| Americas | 40.9 | % | 46.7 | % | 40.7 | % | 44.5 | % | ||||||||||||||||||
| Europe | 27.6 | % | 26.2 | % | 27.8 | % | 27.1 | % | ||||||||||||||||||
| Asia/Rest of World | 31.5 | % | 27.1 | % | 31.5 | % | 28.4 | % | ||||||||||||||||||
| Total | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | ||||||||||||||||||
| (percent of total revenue) | For the three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||||||
| Automotive | 57.6 | % | 54.0 | % | 57.2 | % | 55.2 | % | ||||||||||||||||||
Heavy vehicle and off-road |
17.0 | % | 17.2 | % | 17.1 | % | 18.1 | % | ||||||||||||||||||
| Industrial | 14.0 | % | 14.6 | % | 13.3 | % | 13.9 | % | ||||||||||||||||||
HVAC (1) |
6.0 | % | 4.1 | % | 7.1 | % | 3.9 | % | ||||||||||||||||||
| Aerospace | 5.4 | % | 5.1 | % | 5.3 | % | 4.7 | % | ||||||||||||||||||
All other |
— | % | 5.0 | % | — | % | 4.2 | % | ||||||||||||||||||
| Total | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | ||||||||||||||||||
| ($ in thousands, except per share amounts) | For the three months ended September 30, 2025 | ||||||||||||||||||||||||||||
| Operating (Loss)/Income | Operating Margin | Income Taxes | Net (Loss)/Income | EPS |
|||||||||||||||||||||||||
| Reported (GAAP) | $ | (122,888) | (13.2 | %) | $ | 14,096 | $ | (162,523) | $ | (1.12) | |||||||||||||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||||||||||
Restructuring related and other |
267,901 | 28.7 | % | (4,025) | 263,876 | 1.81 | |||||||||||||||||||||||
Financing and other transaction costs |
15,022 | 1.6 | % | — | 15,022 | 0.10 | |||||||||||||||||||||||
| Amortization of intangible assets | 19,601 | 2.1 | % | — | 19,601 | 0.13 | |||||||||||||||||||||||
| Amortization of debt issuance costs | — | — | % | — | 1,181 | 0.01 | |||||||||||||||||||||||
Other, net |
— | — | % | 1,422 | (5,441) | (0.04) | |||||||||||||||||||||||
Deferred taxes and other tax related |
— | — | % | (2,096) | (2,096) | (0.01) | |||||||||||||||||||||||
| Total adjustments | 302,524 | 32.5 | % | (4,699) | 292,143 | 2.01 | |||||||||||||||||||||||
| Adjusted (non-GAAP) | $ | 179,636 | 19.3 | % | $ | 18,795 | $ | 129,620 | $ | 0.89 | |||||||||||||||||||
| ($ in thousands, except per share amounts) | For the three months ended September 30, 2024 | ||||||||||||||||||||||||||||
| Operating (Loss)/Income | Operating Margin | Income Tax | Net (Loss)/Income | EPS |
|||||||||||||||||||||||||
| Reported (GAAP) | $ | (199,227) | (20.3 | %) | $ | (219,572) | $ | (25,034) | $ | (0.17) | |||||||||||||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||||||||||
Restructuring related and other |
211,919 | 21.6 | % | (1,209) | 210,710 | 1.40 | |||||||||||||||||||||||
Financing and other transaction costs |
132,159 | 13.4 | % | (512) | 131,647 | 0.87 | |||||||||||||||||||||||
| Amortization of intangible assets | 43,533 | 4.4 | % | — | 43,533 | 0.29 | |||||||||||||||||||||||
| Amortization of debt issuance costs | — | — | % | — | 1,317 | 0.01 | |||||||||||||||||||||||
Other, net |
— | — | % | (683) | 11,611 | 0.08 | |||||||||||||||||||||||
| Deferred taxes and other tax related | — | — | % | (239,221) | (239,221) | (1.59) | |||||||||||||||||||||||
| Total adjustments | 387,611 | 39.4 | % | (241,625) | 159,597 | 1.06 | |||||||||||||||||||||||
| Adjusted (non-GAAP) | $ | 188,384 | 19.2 | % | $ | 22,053 | $ | 134,563 | $ | 0.89 | |||||||||||||||||||
| ($ in thousands, except per share amounts) | For the nine months ended September 30, 2025 | ||||||||||||||||||||||||||||
| Operating Income | Operating Margin | Income Tax | Net (Loss)/Income | EPS |
|||||||||||||||||||||||||
| Reported (GAAP) | $ | 137,370 | 4.9 | % | $ | 79,930 | $ | (31,936) | $ | (0.22) | |||||||||||||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||||||||||
Restructuring related and other |
302,470 | 10.9 | % | (3,079) | 299,391 | 2.04 | |||||||||||||||||||||||
Financing and other transaction costs |
24,038 | 0.9 | % | 63 | 24,101 | 0.16 | |||||||||||||||||||||||
| Amortization of intangible assets | 61,362 | 2.2 | % | — | 61,362 | 0.42 | |||||||||||||||||||||||
| Amortization of debt issuance costs | — | — | % | — | 3,540 | 0.02 | |||||||||||||||||||||||
Other, net |
— | — | % | 864 | (9,057) | (0.06) | |||||||||||||||||||||||
Deferred taxes and other tax related |
— | — | % | 26,163 | 26,163 | 0.18 | |||||||||||||||||||||||
| Total adjustments | 387,870 | 13.9 | % | 24,011 | 405,500 | 2.76 | |||||||||||||||||||||||
| Adjusted (non-GAAP) | $ | 525,240 | 18.8 | % | $ | 55,919 | $ | 373,564 | $ | 2.54 | |||||||||||||||||||
| ($ in thousands, except per share amounts) | For the nine months ended September 30, 2024 | ||||||||||||||||||||||||||||
| Operating Income | Operating Margin | Income Tax | Net Income | Diluted EPS | |||||||||||||||||||||||||
| Reported (GAAP) | $75,512 | 2.5 | % | $ | (169,722) | $ | 122,690 | $ | 0.81 | ||||||||||||||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||||||||||
Restructuring related and other |
240,640 | 8.0 | % | (2,418) | 238,222 | 1.58 | |||||||||||||||||||||||
| Financing and other transaction costs | 139,476 | 4.6 | % | (1,689) | 137,787 | 0.91 | |||||||||||||||||||||||
| Amortization of intangible assets | 117,968 | 3.9 | % | — | 117,968 | 0.78 | |||||||||||||||||||||||
| Amortization of debt issuance costs | — | — | % | — | 4,510 | 0.03 | |||||||||||||||||||||||
Other, net |
— | — | % | 685 | 20,426 | 0.14 | |||||||||||||||||||||||
| Deferred taxes and other tax related | — | — | % | (233,775) | (233,775) | (1.55) | |||||||||||||||||||||||
| Total adjustments | 498,084 | 16.5 | % | (237,197) | 285,138 | 1.89 | |||||||||||||||||||||||
| Adjusted (non-GAAP) | $573,596 | 19.0 | % | $ | 67,475 | $ | 407,828 | $ | 2.70 | ||||||||||||||||||||
| (in thousands) | For the three months ended September 30, | For the nine months ended September 30, | ||||||||||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||||||||||||
Cost of revenue |
$ | 34,395 | $ | 30,770 | $ | 45,966 | $ | 46,744 | ||||||||||||||||||||||||
| Selling, general and administrative | 4,662 | 22,584 | 23,084 | 38,375 | ||||||||||||||||||||||||||||
Amortization of intangible assets |
19,601 | 43,533 | 61,362 | 117,968 | ||||||||||||||||||||||||||||
Goodwill impairment charge |
225,700 | 150,100 | 225,700 | 150,100 | ||||||||||||||||||||||||||||
Restructuring and other charges, net |
18,166 | 140,624 | 31,758 | 144,897 | ||||||||||||||||||||||||||||
| Operating income adjustments | 302,524 | 387,611 | 387,870 | 498,084 | ||||||||||||||||||||||||||||
Interest expense |
1,181 | 1,317 | 3,540 | 4,510 | ||||||||||||||||||||||||||||
Other, net |
(6,863) | 12,294 | (9,921) | 19,741 | ||||||||||||||||||||||||||||
Provision for/(benefit from) income taxes |
(4,699) | (241,625) | 24,011 | (237,197) | ||||||||||||||||||||||||||||
| Net income adjustments | $ | 292,143 | $ | 159,597 | $ | 405,500 | $ | 285,138 | ||||||||||||||||||||||||
| For the three months ended September 30, | For the nine months ended September 30, | |||||||||||||||||||||||||||||||||||||
| ($ in thousands) | 2025 | 2024 | % △ | 2025 | 2024 | % △ | ||||||||||||||||||||||||||||||||
| Net cash provided by operating activities | $ | 159,868 | $ | 130,891 | 22.1 | % | $ | 419,971 | $ | 380,834 | 10.3 | % | ||||||||||||||||||||||||||
| Additions to property, plant and equipment and capitalized software | (23,626) | (39,571) | 40.3 | % | (81,586) | (126,759) | 35.6 | % | ||||||||||||||||||||||||||||||
| Free cash flow | $ | 136,242 | $ | 91,320 | 49.2 | % | $ | 338,385 | $ | 254,075 | 33.2 | % | ||||||||||||||||||||||||||
| For the three months ended September 30, | For the nine months ended September 30, | |||||||||||||||||||||||||
| (in thousands) | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||
| Corporate and other expenses (GAAP) | $ | (100,121) | $ | (102,304) | $ | (238,364) | $ | (244,022) | ||||||||||||||||||
| Restructuring related and other | 37,772 | 34,167 | 66,408 | 60,525 | ||||||||||||||||||||||
| Financing and other transaction costs | 1,285 | 19,187 | 2,642 | 24,594 | ||||||||||||||||||||||
| Total adjustments | 39,057 | 53,354 | 69,050 | 85,119 | ||||||||||||||||||||||
| Adjusted corporate and other expenses (non-GAAP) | $ | (61,064) | $ | (48,950) | $ | (169,314) | $ | (158,903) | ||||||||||||||||||
| For the three months ended September 30, | For the nine months ended September 30, | |||||||||||||||||||||||||||||||
| (in thousands) | LTM | 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||||||||||
Net (loss)/income |
$ | (26,149) | $ | (162,523) | $ | (25,034) | $ | (31,936) | $ | 122,690 | ||||||||||||||||||||||
| Interest expense, net | 136,107 | 32,402 | 33,085 | 99,297 | 102,803 | |||||||||||||||||||||||||||
Provision for/(benefit from) income taxes |
109,338 | 14,096 | (219,572) | 79,930 | (169,722) | |||||||||||||||||||||||||||
| Depreciation expense | 194,076 | 53,353 | 33,696 | 127,653 | 100,712 | |||||||||||||||||||||||||||
| Amortization of intangible assets | 84,774 | 19,601 | 44,732 | 61,362 | 122,332 | |||||||||||||||||||||||||||
| EBITDA | 498,146 | (43,071) | (133,093) | 336,306 | 278,815 | |||||||||||||||||||||||||||
| Non-GAAP Adjustments | ||||||||||||||||||||||||||||||||
| Restructuring related and other | 320,968 | 247,006 | 211,919 | 273,999 | 240,640 | |||||||||||||||||||||||||||
| Financing and other transaction costs | 18,378 | 15,022 | 131,913 | 24,038 | 138,726 | |||||||||||||||||||||||||||
Other, net |
(8,162) | (6,863) | 12,294 | (9,921) | 19,741 | |||||||||||||||||||||||||||
| Adjusted EBITDA | $ | 829,330 | $ | 212,094 | $ | 223,033 | $ | 624,422 | $ | 677,922 | ||||||||||||||||||||||
| As of | ||||||||||||||
| ($ in thousands) | September 30, 2025 |
December 31, 2024 | ||||||||||||
| Current portion of long-term debt and finance lease obligations | $ | 2,234 | $ | 2,414 | ||||||||||
| Finance lease obligations, less current portion | 19,596 | 20,984 | ||||||||||||
| Long-term debt, net | 3,181,373 | 3,176,098 | ||||||||||||
| Total debt and finance lease obligations | 3,203,203 | 3,199,496 | ||||||||||||
Less: debt premium, net |
821 | 997 | ||||||||||||
| Less: deferred financing costs | (19,448) | (24,899) | ||||||||||||
Total gross debt |
3,221,830 | 3,223,398 | ||||||||||||
| Adjusted EBITDA (LTM) | $ | 829,330 | $ | 882,830 | ||||||||||
| Gross leverage ratio | 3.9 | 3.7 | ||||||||||||
Total gross debt |
3,221,830 | 3,223,398 | ||||||||||||
| Less: cash and cash equivalents | 791,347 | 593,670 | ||||||||||||
| Net debt | $ | 2,430,483 | $ | 2,629,728 | ||||||||||
| Adjusted EBITDA (LTM) | $ | 829,330 | $ | 882,830 | ||||||||||
| Net leverage ratio | 2.9 | 3.0 | ||||||||||||
For the three months ending December 31, 2025 |
|||||||||||||||||||||||||||||||||||
| ($ in millions, except per share amounts) | Operating Income | Net Income | EPS | ||||||||||||||||||||||||||||||||
| Low | High | Low | High | Low | High | ||||||||||||||||||||||||||||||
| GAAP | $ | 137.4 | $ | 142.8 | $ | 91.7 | $ | 95.2 | $ | 0.63 | $ | 0.65 | |||||||||||||||||||||||
| Restructuring related and other | 16.0 | 17.0 | 15.5 | 16.5 | 0.11 | 0.11 | |||||||||||||||||||||||||||||
| Financing and other transaction costs | 0.1 | 0.2 | 0.1 | 0.2 | 0.00 | 0.00 | |||||||||||||||||||||||||||||
| Amortization of intangible assets | 18.5 | 19.0 | 18.5 | 19.0 | 0.13 | 0.13 | |||||||||||||||||||||||||||||
| Amortization of debt issuance costs | — | — | 1.2 | 1.4 | 0.01 | 0.01 | |||||||||||||||||||||||||||||
Other, net |
— | — | 0.5 | 0.7 | 0.00 | 0.00 | |||||||||||||||||||||||||||||
| Deferred taxes and other tax related | — | — | (6.5) | (6.0) | (0.04) | (0.04) | |||||||||||||||||||||||||||||
| Non-GAAP | $ | 172.0 | $ | 179.0 | $ | 121.0 | $ | 127.0 | $ | 0.83 | $ | 0.87 | |||||||||||||||||||||||
| Weighted-average diluted shares outstanding (in millions) | 146.3 | 146.3 | |||||||||||||||||||||||||||||||||
| ### | ||||||||
| Media & Investors: | ||||||||
| James Entwistle | ||||||||
| +1(508) 954-1561 | ||||||||
| jentwistle@sensata.com | ||||||||
| investors@sensata.com | ||||||||

Dollars per $1,000 Principal Amount of Notes Tendered and Accepted for Purchase(1) |
||||||||||||||||||||||||||
| Title of Notes | Issuer |
CUSIP
Number
|
Principal Amount Outstanding | Tender Cap(2) |
Acceptance Priority Level(3) |
Tender Offer Consideration | Early Tender Premium | Total Consideration(4) |
||||||||||||||||||
| 4.000% Senior Notes due 2029 |
Sensata Technologies B.V. | 81725W AK9 / N78840 AM2 | $1,000,000,000 | 300,000,000 | 1 | $938.75 | $50 | $988.75 | ||||||||||||||||||
| 5.875% Senior Notes due 2030 |
Sensata Technologies B.V. | 81725W AL7 / N78840 AP5 | $500,000,000 | N/A | 2 | $975.00 | $50 | $1,025.00 | ||||||||||||||||||
| 4.375% Senior Notes due 2030 |
Sensata Technologies, Inc. | 81728U AA2 / U81700 AA1 | $450,000,000 | N/A | 3 | $923.75 | $50 | $973.75 | ||||||||||||||||||