Sensata reports Q1 adjusted EPS 92c, consensus 87c

Reports Q1 revenue $998.2M, consensus $985.99M. "Sensata delivered strong results in the Q1 with revenues and adjusted earnings above the mid-point of our financial guidance for the quarter. Sensata remains on track to achieve its long-term goals within Electrification, including scaling its Electrification business to $2B in revenue by 2026," said Jeff Cote, CEO and President of Sensata. "During the Q1, the Company repaid $250M of its outstanding Term Loan, reducing variable rate debt and interest expense in line with our capital deployment priorities."