Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 24

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 24
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5March 31, 2024AmountPercentAmountPercent Net revenue:Performance Sensing$650.4 71.4 %$713.3 70.9 %Sensing Solutions260.8 28.6 257.8 25.6 Other— — 35.6 3.5 Net revenue911.3 100.0 1,006.7 100.0 Operating costs and expenses789.1 86.6 861.9 85.6 Operating income122.2 13.4 144.8 14.4 Interest expense(38.0)(4.2)(38.4)(3.8)Interest income4.3 0.5 3.7 0.4 Other, net2.1 0.2 (11.5)(1.1)Income before taxes90.6 9.9 98.6 9.8 Provision for income taxes20.7 2.3 22.6 2.2 Net income$69.9 7.7 %$76.0 7.6 %

Net Revenue

Net revenue for the three months ended March 31, 2025 decreased 9.5% compared to the prior period.  Net revenue decreased 4.4% on an organic basis, which excludes a decrease of 0.6% attributed to changes in foreign currency exchange rates and a decrease of 4.5% due primarily to the effects of the divestiture of the Insights business in the third quarter of 2024.

Performance Sensing

Performance Sensing net revenue for the three months ended March 31, 2025 decreased 8.8% on a reported basis and 7.5% on an organic basis compared to the prior period, which was primarily due to decreases in automotive and HVOR production levels in North America and Europe.  

Sensing Solutions

Sensing Solutions net revenue for the three months ended March 31, 2025 increased 1.2% on a reported basis and 3.8% on an organic basis compared to the prior period, which is primarily growth in our industrial market. 

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Operating costs and expenses

Operating costs and expenses for the three months ended March 31, 2025 and 2024 are presented, in millions of dollars and as a percentage of net revenue, in the following table. Amounts