Company: ST
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001477294-25-000022
Chunk: 92

Company: Sensata Technologies Holding plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 92
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.7 %35.9 %43.3 %45.0 %42.3 %Europe17.2 %17.9 %27.0 %26.3 %25.9 %Asia and rest of world46.0 %46.2 %29.7 %28.7 %31.8 %

Refer to Note 20: Segment Reporting of our Financial Statements included elsewhere in this Report for additional information related to our PP&E, net balances by selected geographic area as of December 31, 2024 and 2023 and net revenue by selected geographic area for the years ended December 31, 2024, 2023, and 2022.

Net Revenue by End Market

Our net revenue for the years ended December 31, 2024, 2023, and 2022 was derived from the following end markets:

For the year ended December 31,(Percentage of total)202420232022Automotive56.2 %53.7 %52.3 %HVOR17.6 %17.7 %16.8 %Industrial14.2 %16.3 %18.1 %HVAC (1)4.0 %4.1 %4.7 %Aerospace4.8 %4.6 %3.8 %Other3.3 %3.6 %4.3 %

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(1)    Heating, ventilation, and air conditioning

35

We are a significant supplier to multiple OEMs within many of these end markets, thereby reducing customer concentration risk.

Factors Affecting Our Operating Results

The following discussion describes components of the consolidated statements of operations as well as factors that impact those components. Refer to Note 2: Significant Accounting Policies of our Financial Statements included elsewhere in this Report, and Critical Accounting Policies and Estimates included elsewhere in this MD&A for additional information related to the accounting policies and estimates made related to these components. Refer to Results of Operations included elsewhere in this MD&A for discussion of the actual impact on our financial statements of these factors.

Net revenue

We derive a significant portion of our revenue from sales into the automotive end market, and conditions in the automotive industry can have a significant impact on the amount of revenue that we recognize. Outside of the automotive industry, we sell our products and solutions to end-users in a wide range of industries, end