Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 74

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 74
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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. 

22

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 and percentages in the table below have been calculated based on unrounded numbers. Accordingly, certain amounts may not appear to recalculate due to the effect of rounding.

 For the three months ended March 31, 2025March 31, 2024AmountPercentAmountPercentOperating costs and expenses:Cost of revenue$638.7 70.1 %$689.3 68.5 %Research and development36.8 4.0 45.3 4.5 Selling, general and administrative86.0 9.4 88.0 8.7 Amortization of intangible assets20.6 2.3 38.5 3.8 Restructuring and other charges, net7.0 0.8 0.8 0.1 Total operating costs and expenses$789.1 86.6 %$861.9 85.6 %

Cost of revenue

For the three months ended March 31, 2025, cost of revenue as a percentage of net revenue increased from the prior period, primarily due to (1) the unfavorable effect of changes in foreign currency exchange rates, (2) the net impacts of inflation on material and