Company: ST
Filing Date: 2025-01-14
Form Type: CORRESP
Source: 0001477294-25-000014
Chunk: 1

Company: Sensata Technologies Holding plc
Filing Date: 2025-01-14
Form: CORRESP
Chunk 1
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• The Company will discontinue the use of adjustments to exclude step-up depreciation and amortization in its non-GAAP measures. The Company will adjust operating income and net income to exclude the amortization of all the Company's intangible assets in the calculation of its non-GAAP financial measures. The Company’s intangible assets, which are largely the result of acquisitions, are amortized over the expected life of the intangible asset at the time of acquisition and may result in amortization amounts that vary over time. Management does not believe the amortization charges reflect the performance of our ongoing operations for the period in which such charges are incurred. Accordingly, this non-cash expense is not considered by management in making operating decisions.

• The Company will ensure that the adjustment related to the acceleration of amortization for the exit of the Spear Marine Business, as well as any other prospective adjustments, are clearly labeled and described.

Sincerely,

/s/ Brian Roberts

Brian Roberts

Chief Financial Officer