NYSE$ST

Sensata Technologies Holding N.V. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Sensata's first quarter performance was impacted by unprecedented market upheaval due to the COVID-19 pandemic, resulting in decreased revenue and earnings per share compared to the previous year.

Sensata Technologies reported a decrease in revenue by 11.1% to $774.3 million, and a significant decrease in earnings per share to $0.05. The company's performance was affected by the COVID-19 pandemic, leading to market challenges.

  • Revenue decreased by 11.1% to $774.3 million compared to Q1 2019.
  • Operating income decreased by 58.9% to $58.6 million.
  • Earnings per share decreased by 90.4% to $0.05.
  • Share repurchase program was temporarily suspended to enhance financial flexibility.

Headline financials

Total Revenue

$774M

Previous: $870M-11.1%
EPS (adj)

$0.53

Previous: $0.85-37.6%
Operating Margin

7.6%

No prior period
Adjusted Operating Margin

17.7%

No prior period
Free Cash Flow

$8.43M

Previous: $85.1M-90.1%
Net Income

$8.43M

Previous: $85.1M-90.1%
Operating Income

$58.6M

Previous: $143M-58.9%
Gross Profit

$208M

Previous: $290M-28.2%
Cash & Equivalents

$803M

Previous: $650M+23.6%
Total Assets

$6.81B

Previous: $6.79B+0.3%
Stock-Based Comp

$6.08M

Previous: $5.94M+2.4%

Revenue & EPS history

Sensata · Revenue · Quarterly

$774M

Q1 2020-11.1%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Sensata withdrew its financial guidance for the first quarter and full year 2020 due to the heightened uncertainty related to the COVID-19 pandemic and expects revenue in the second quarter to be significantly lower than in the first quarter.

Tailwinds

  • Working closely with customers to serve their essential production needs.
  • Taken decisive actions to control and reduce operating costs.
  • Cutting discretionary spend and capital expenditures.
  • Instituting global indirect pay cuts and furloughs.
  • Drawing on revolver to enhance cash balances.

Headwinds

  • Heightened uncertainty related to the COVID-19 pandemic.
  • Withdrew financial guidance for the first quarter and full year 2020.
  • Economic conditions remain uncertain for the foreseeable future.
  • Expect revenue in the second quarter to be significantly lower than in the first quarter.
  • Scaling up production will depend on customers reopening operations while adhering to restrictions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.5%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.6%

Avg return

30 days after

38%

25 / 65 earnings

Positive

+14.7%

Q4 2022

Best reaction

-11.3%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.3%-1.0%+19.0%
Q4 2025+6.1%+4.7%-8.2%
Q3 2025+5.7%+3.2%+4.0%
Q1 2025+13.7%+23.7%+20.3%
Q4 2024+8.6%+14.5%+5.3%
Q3 2024-8.4%-4.0%-8.0%
Q2 2024-0.2%-5.2%-0.9%
Q1 2024+9.5%+14.6%+15.7%
Q4 2023-8.2%-8.8%-2.9%
Q3 2023-7.2%-4.8%-4.7%
Q2 2023-10.0%-9.5%-20.1%
Q1 2023-9.7%-9.2%-15.2%
Q4 2022+14.7%+16.2%+11.2%
Q3 2022-6.2%-3.1%+8.2%
Q2 2022-0.8%+1.2%-2.1%
Q1 2022-9.0%-6.8%-5.0%
Q4 2021-0.1%-3.6%-0.1%
Q3 2021-3.4%-2.8%+7.8%
Q2 2021+1.4%+5.6%+7.6%
Q1 2021-1.4%-3.8%-1.9%
Q4 2020-2.7%-4.5%+5.7%
Q3 2020-10.2%-9.4%+4.3%
Q2 2020-4.2%-9.1%-1.1%
Q1 2020-1.8%-10.3%-3.8%
Q4 2019+4.1%+2.2%-30.7%
Q3 2019-0.8%+2.3%-0.2%
Q2 2019-2.4%-5.3%-6.9%
Q1 2019+1.6%+1.3%-14.5%
Q4 2018-2.6%-2.6%+0.2%
Q3 2018+10.2%+12.6%+7.6%
Q2 2018+3.1%+6.0%+5.1%
Q1 2018-4.5%-4.9%-3.4%
Q4 2017-2.4%-5.2%-8.4%
Q3 2017-2.7%-1.8%-2.7%
Q2 2017+1.7%-0.3%-2.3%
Q1 2017-5.0%-3.7%-4.0%
Q4 2016-1.8%-3.3%-2.0%
Q3 2016-0.9%-4.4%+1.1%
Q2 2016+3.9%-0.4%+1.5%
Q1 2016+3.3%
Q4 2015-11.3%
Q3 2015+2.1%
Q2 2015-0.7%
Q1 2015-3.3%
Q4 2014-0.4%
Q3 2014+2.7%
Q2 2014-0.2%
Q1 2014-2.6%
Q4 2013+7.6%
Q3 2013-5.7%
Q2 2013-0.7%
Q1 2013+7.6%
Q4 2012-2.7%
Q3 2012-0.0%
Q2 2012+3.2%
Q1 2011+4.5%
Q1 2012+2.4%
Q4 2009-3.3%
Q1 2010-3.3%
Q4 2011-3.3%
Q3 2010-2.9%
Q3 2011-2.9%
Q2 2010+0.4%
Q4 2010+0.4%
Q2 2011+0.4%

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