Earnings release
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Sensata Technologies Swindon , United Kingdom - October 26 , 2021 - Sensata Technologies ( NYSE : ST ) , a global industrial technology company and leading provider of sensor - rich solutions that create insights for customers , today announced financial results for its third quarter ended September 30 , 2021 . SENSATA TECHNOLOGIES REPORTS THIRD QUARTER 2021 FINANCIAL RESULTS Operating results for the third quarter of 2021 compared to the third quarter of 2020 are summarized below . These results include non - GAAP financial measures , each of which is defined and reconciled to the most directly comparable GAAP measure later in this press release . Revenue : ● Revenue increased 16.6 % from the third quarter of 2020 on an organic basis , which excludes a 1.7 % increase from foreign currency exchange rates and a 2.3 % increase from acquisitions versus the prior - year period . Operating income : Revenue was $ 951.0 million , an increase of $ 162.7 million , or 20.6 % , compared to $ 788.3 million in the third quarter of 2020 . ● Operating income was $ 161.3 million , or 17.0 % of revenue , an increase of $ 34.5 million , or 27.2 % , compared to operating income of $ 126.8 million , or 16.1 % of revenue , in the third quarter of 2020 . Adjusted operating income was $ 201.0 million , or 21.1 % of revenue , an increase of $ 46.2 million , or 29.8 % , compared to adjusted operating income of $ 154.8 million , or 19.6 % of revenue , in the third quarter of 2020 . Earnings per share : Earnings per share was $ 0.53 , an increase of $ 0.04 , or 8.2 % , compared to earnings per share of $ 0.49 in the third quarter of 2020 . Adjusted earnings per share was $ 0.87 , an increase of $ 0.21 , or 31.8 % , compared to adjusted earnings per share of $ 0.66 in the third quarter of 2020 . Changes in foreign currency exchange rates decreased Sensata's adjusted earnings per share by $ 0.01 in the third quarter of 2021 compared to the prior - year period . " Sensata's third quarter revenues reflect a continuation of strong growth associated with recovery across our heavy vehicle , industrial , and aerospace markets . Sensata's automotive revenue also grew over the same period last year due to significant outgrowth and channel replenishment despite production declines due to constraints stemming from semiconductor and other component shortages , " said Jeff Cote , CEO and President of Sensata . " Sensata's resilient and focused organization has enabled us to quickly and effectively adapt to continually evolving market conditions and broad supply chain disruptions to deliver these strong financial results . In addition , we are continuing to make good progress on our long - term growth strategy as evidenced by the 1