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

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 25
---
 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 logistics costs and pricing recoveries from customers, and (3) unfavorable product mix. 

Research and development expense

For the three months ended March 31, 2025, research and development expense did not fluctuate materially from the prior year period.

Selling, general and administrative expense

For the three months ended March 31, 2025, SG&A expense did not fluctuate materially from the prior year period.

Amortization of intangible assets

For the three months ended March 31, 2025, amortization of intangible assets decreased from the prior period, primarily due to the divestiture of the Insights Business, resulting in approximately $9.8 million lower amortization expense during fiscal year 2025, and the effect of amortization of intangible assets in accordance with their expected economic benefit, which generally results in acceleration of amortization expense in the early years of the life of an intangible asset. 

Restructuring and other charges, net

In the three months ended March 31, 2025, restructuring and other charges, net increased from the prior year period, primarily due to the loss on the sale of the Magnetic Speed and Positioning business and charges associated with the 2H 2024 Plan