ATTLEBORO – Sensata Technologies Holdings PLC earned a profit of $1.1 million in the second quarter of 2021, a turnaround from a $42.5 million loss one year prior, the company reported Tuesday.
Earnings per diluted share were 71 cents, compared with a loss of 27 per diluted share one year prior.
Revenue totaled $992.7 million for the quarter, a rise from $576.5 million one year prior.
“Sensata’s record quarterly revenues reflect a continuation of strong growth associated with recovery across our automotive, heavy vehicle, and industrial markets combined with channel replenishment. Importantly, Sensata’s revenue growth significantly outpaced the growth of the automotive and the heavy vehicle markets,” said Jeff Cote, Sensata’s CEO and president. “We are quickly and effectively adapting to continually evolving market conditions, delivering strong financial results despite lower automotive production and other broad disruptions stemming from semiconductor and other component shortages.”
The company’s performance sensing segment revenue totaled $741.9 million in the quarter, a rise from $385.2 million one year prior. Sensing solutions segment revenue totaled $250.8 million, a rise from $191.3 million in the second quarter of 2020.
