What changed in this filing

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Item 1. Financial Statements

2025-11-03 compared with 2025-07-29 · 222 added, 174 removed, 488 unchanged (45% of the section changed)

3 unchanged sentences

(In thousands, except per share amounts)

September 30,

2025 December 31,

1 unchanged sentence

Cash and cash equivalents $ 791,347 $ 593,670

Accounts receivable, net of allowances of $ 19,338 and $ 20,524 as of June 30, 2025 and December 31, 2024, respectively

Accounts receivable, net of allowances of $ 19,228 and $ 20,524 as of September 30, 2025 and December 31, 2024, respectively

724,998 660,180

4 unchanged sentences

Goodwill 3,158,164 3,383,800

Other intangible assets, net of accumulated amortization of $ 2,562,191 and $ 2,561,335 as of June 30, 2025 and December 31, 2024, respectively

Other intangible assets, net of accumulated amortization of $ 2,569,868 and $ 2,561,335 as of September 30, 2025 and December 31, 2024, respectively

430,137 492,878

17 unchanged sentences

Shareholders’ equity:

Ordinary shares, € 0.01 nominal value per share, 177,069 shares authorized, and 176,868 and 176,541 shares issued as of June 30, 2025 and December 31, 2024, respectively

Treasury shares, at cost, 31,230 and 26,994 shares as of June 30, 2025 and December 31, 2024, respectively

Ordinary shares, € 0.01 nominal value per share, 177,069 shares authorized, and 176,907 and 176,541 shares issued as of September 30, 2025 and December 31, 2024, respectively

Treasury shares, at cost, 31,230 and 26,994 shares as of September 30, 2025 and December 31, 2024, respectively

( 1,402,651 ) ( 1,282,051 )

8 unchanged sentences

(In thousands, except per share amounts)

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Net revenue $ 931,978 $ 982,830 $ 2,786,617 $ 3,025,074

4 unchanged sentences

Amortization of intangible assets 19,601 44,732 61,362 122,332

Goodwill impairment charge 225,700 150,100 225,700 150,100

Restructuring and other charges, net 18,166 140,624 31,758 144,897

Total operating costs and expenses 1,054,866 1,182,057 2,649,247 2,949,562

Operating income 138,062 129,947 260,258 274,739

Operating (loss)/income ( 122,888 ) ( 199,227 ) 137,370 75,512

Interest expense ( 37,715 ) ( 38,942 ) ( 113,367 ) ( 118,200 )

1 unchanged sentence

Other, net 6,863 ( 12,294 ) 9,921 ( 19,741 )

Income before taxes 105,780 98,983 196,421 197,574

Provision for income taxes 45,112 27,280 65,834 49,850

Net income $ 60,668 $ 71,703 $ 130,587 $ 147,724

Basic net income per share $ 0.41 $ 0.48 $ 0.89 $ 0.98

Diluted net income per share $ 0.41 $ 0.47 $ 0.88 $ 0.98

(Loss)/income before taxes ( 148,427 ) ( 244,606 ) 47,994 ( 47,032 )

Provision for/(benefit from) income taxes 14,096 ( 219,572 ) 79,930 ( 169,722 )

Net (loss)/income $ ( 162,523 ) $ ( 25,034 ) $ ( 31,936 ) $ 122,690

Basic net (loss)/income per share $ ( 1.12 ) $ ( 0.17 ) $ ( 0.22 ) $ 0.81

Diluted net (loss)/income per share $ ( 1.12 ) $ ( 0.17 ) $ ( 0.22 ) $ 0.81

The accompanying notes are an integral part of these condensed consolidated financial statements.

SENSATA TECHNOLOGIES HOLDING PLC

Condensed Consolidated Statements of Comprehensive Income

Condensed Consolidated Statements of Comprehensive (Loss)/Income

(In thousands)

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

Net income $ 60,668 $ 71,703 $ 130,587 $ 147,724

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Net (loss)/income $ ( 162,523 ) $ ( 25,034 ) $ ( 31,936 ) $ 122,690

Other comprehensive income/(loss), net of tax:

4 unchanged sentences

Other comprehensive income/(loss) 11,710 15,419 19,092 ( 8,291 )

Comprehensive income $ 68,167 $ 53,245 $ 137,969 $ 124,014

Comprehensive (loss)/income $ ( 150,813 ) $ ( 9,615 ) $ ( 12,844 ) $ 114,399

The accompanying notes are an integral part of these condensed consolidated financial statements.

2 unchanged sentences

(In thousands)

For the six months ended

June 30, 2025 June 30, 2024

For the nine months ended

September 30, 2025 September 30, 2024

Cash flows from operating activities:

Net income $ 130,587 $ 147,724

Adjustments to reconcile net income to net cash provided by operating activities:

Net (loss)/income $ ( 31,936 ) $ 122,690

Adjustments to reconcile net (loss)/income to net cash provided by operating activities:

Depreciation 127,653 100,712

Amortization of debt issuance costs 3,540 4,510

Goodwill impairment charge 225,700 150,100

Loss on sale of business

10,202 110,111

Share-based compensation 18,612 27,393

Loss on debt financing — 9,235

Amortization of intangible assets 61,362 122,332

2 unchanged sentences

Other non-cash loss/(gain), net 29,451 ( 991 )

Acquisition-related compensation payments — ( 5,232 )

Changes in operating assets and liabilities, net of the effects of divestitures:

10 unchanged sentences

Other 1,589 3,681

Net cash used in investing activities ( 33,606 ) ( 85,194 )

Net cash (used in)/provided by investing activities ( 44,362 ) 15,234

Cash flows from financing activities:

7 unchanged sentences

Payments of debt financing costs ( 1,765 ) ( 13,379 )

Net cash (used in)/provided by financing activities ( 160,776 ) 365,090

Net cash used in financing activities ( 181,011 ) ( 400,333 )

Effect of exchange rate changes on cash and cash equivalents 3,079 2,376

8 unchanged sentences

Number Amount Number Amount

Balance as of March 31, 2025

Balance as of June 30, 2025

176,868 $ 2,260 ( 31,230 ) $ ( 1,402,651 ) $ 1,883,944 $ 2,431,819 $ ( 35,161 ) $ 2,880,211

2 unchanged sentences

Cash dividends paid — — — — — ( 17,481 ) — ( 17,481 )

Repurchase of ordinary shares — — ( 701 ) ( 20,100 ) — — — ( 20,100 )

Retirement of ordinary shares ( 22 ) 0 22 655 — ( 655 ) — —

Share-based compensation — — — — 7,245 — — 7,245

Net income — — — — — 60,668 — 60,668

Net loss — — — — — ( 162,523 ) — ( 162,523 )

Other comprehensive income — — — — — — 11,710 11,710

Balance as of June 30, 2025

Balance as of September 30, 2025

176,907 $ 2,261 ( 31,230 ) $ ( 1,402,651 ) $ 1,891,189 $ 2,251,159 $ ( 23,451 ) $ 2,718,507

Balance as of December 31, 2024

176,541 $ 2,257 ( 26,994 ) $ ( 1,282,051 ) $ 1,872,577 $ 2,340,203 $ ( 42,543 ) $ 2,890,443

Surrender of shares for tax withholding — — ( 166 ) ( 4,167 ) — — — ( 4,167 )

4 unchanged sentences

Share-based compensation — — — — 18,612 — — 18,612

Net income — — — — — 130,587 — 130,587

Net loss — — — — — ( 31,936 ) — ( 31,936 )

Other comprehensive income — — — — — — 19,092 19,092

Balance as of June 30, 2025

Balance as of September 30, 2025

176,907 $ 2,261 ( 31,230 ) $ ( 1,402,651 ) $ 1,891,189 $ 2,251,159 $ ( 23,451 ) $ 2,718,507

Balance as of March 31, 2024

Balance as of June 30, 2024

176,321 $ 2,254 ( 25,365 ) $ ( 1,223,212 ) $ 1,846,062 $ 2,400,196 $ ( 13,748 ) $ 3,011,552

Surrender of shares for tax withholding — — ( 76 ) ( 2,766 ) — — — ( 2,766 )

Stock options exercised 119 1 — — 4,604 — — 4,605

Vesting of restricted securities 209 3 — — — ( 3 ) — —

Cash dividends paid — — — — — ( 18,118 ) — ( 18,118 )

Repurchase of ordinary shares — — ( 1,062 ) ( 38,734 ) — — — ( 38,734 )

Retirement of ordinary shares ( 76 ) ( 1 ) 76 2,766 — ( 2,765 ) — —

Share-based compensation — — — — 15,449 — — 15,449

Net income — — — — — 71,703 — 71,703

Other comprehensive loss — — — — — — ( 18,458 ) ( 18,458 )

Balance as of June 30, 2024

Net loss — — — — — ( 25,034 ) — ( 25,034 )

Other comprehensive income — — — — — — 15,419 15,419

Balance as of September 30, 2024

176,454 $ 2,256 ( 26,427 ) $ ( 1,261,946 ) $ 1,861,511 $ 2,354,276 $ 1,671 $ 2,957,768

Balance as of December 31, 2023

175,832 $ 2,249 ( 25,090 ) $ ( 1,213,160 ) $ 1,901,621 $ 2,295,604 $ 9,962 $ 2,996,276

Surrender of shares for tax withholding — — ( 264 ) ( 9,746 ) — — — ( 9,746 )

8 unchanged sentences

Other comprehensive loss — — — — — — ( 8,291 ) ( 8,291 )

Balance as of June 30, 2024

Balance as of September 30, 2024

176,454 $ 2,256 ( 26,427 ) $ ( 1,261,946 ) $ 1,861,511 $ 2,354,276 $ 1,671 $ 2,957,768

3 unchanged sentences

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements reflect the financial position, results of operations, comprehensive income, cash flows, and changes in shareholders' equity of Sensata Technologies Holding plc, a public limited company incorporated under the laws of England and Wales, and its consolidated subsidiaries, collectively referred to as the "Company," "Sensata," "we," "our," or "us."

The accompanying unaudited condensed consolidated financial statements reflect the financial position, results of operations, comprehensive (loss)/income, cash flows, and changes in shareholders' equity of Sensata Technologies Holding plc, a public limited company incorporated under the laws of England and Wales, and its consolidated subsidiaries, collectively referred to as the "Company," "Sensata," "we," "our," or "us."

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP") for interim financial information and the instructions to Form 10-Q.

17 unchanged sentences

2023-09 also includes certain other updates to improve the effectiveness of income tax disclosures.

2023-09 is effective for annual periods beginning after December 15, 2024, and should be applied prospectively, with retrospective application also a permitted option.

This ASU is effective for annual periods beginning after December 15, 2024, and should be applied prospectively, with retrospective application also a permitted option.

The Company is currently evaluating the impact that the adoption of ASU No.

5 unchanged sentences

However, the update requires disclosure, on an annual and interim basis, of disaggregated information about certain income statement expense line items within the notes to the consolidated financial statements.

2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027.

This ASU is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027.

The Company is currently evaluating the impact that the adoption of ASU No.

2024-03 will have on its consolidated financial statements and disclosures.

In July 2025, the FASB issued ASU No.

2025-05, Financial Instruments - Credit Losses (Topic 326):

Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient to measure credit losses on current accounts receivable and current contract assets.

The practical expedient assumes that current conditions as of the balance sheet date do not change for the remaining life of the asset in developing reasonable and supportable forecasts as part of estimating expected credit losses.

This ASU is effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods, with early adoption permitted.

The Company believes that the adoption of ASU No.

2025-05 will not have a material impact on its consolidated financial statements and disclosures.

In September 2025, the FASB issued ASU No.

2025-06, Intangibles-Goodwill and Other - Internal-Use Software (Subtopic 350-40):

Targeted Improvements to the Accounting for Internal-Use Software.

This update improves the operability of the guidance by removing all references to software development project stages so that the guidance is neutral to different software

development methods.

2025-06 is effective for annual reporting periods beginning after December 15, 2027, including interim reporting periods within those annual reporting periods.

Early adoption is permitted as of the beginning of an annual reporting period.

This ASU can be applied prospectively, retrospectively, or with a modified transition approach.

The Company is currently evaluating the impact that the adoption of ASU No.

2025-06 will have on its consolidated financial statements and disclosures.

Revenue Recognition

The following table presents net revenue disaggregated by end market for the three and six months ended June 30, 2025 and 2024:

For the three months ended June 30, 2025 For the three months ended June 30, 2024

The following table presents net revenue disaggregated by end market for the three and nine months ended September 30, 2025 and 2024:

For the three months ended September 30, 2025 For the three months ended September 30, 2024

PS SS Other Total PS SS Other Total

6 unchanged sentences

Total $ 656,936 $ 275,042 $ — $ 931,978 $ 659,650 $ 274,386 $ 48,794 $ 982,830

For the six months ended June 30, 2025

For the six months ended June 30, 2024

For the nine months ended September 30, 2025 For the nine months ended September 30, 2024

PS SS Other Total PS SS Other Total

7 unchanged sentences

Share-Based Payment Plans

The following table presents the components of non-cash compensation expense related to our equity awards for the three and six months ended June 30, 2025 and 2024:

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

The following table presents the components of non-cash compensation expense related to our equity awards for the three and nine months ended September 30, 2025 and 2024:

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Stock options $ — $ — $ — $ 569

Restricted securities (1)

7,245 15,449 18,612 26,824

Share-based compensation expense $ 7,245 $ 15,449 $ 18,612 $ 27,393

____________________________________

(1) In the three and nine months ended September 30, 2024, $ 5.8 million was related to the accelerated vesting of restricted securities associated with the sale of the various assets and liabilities comprising our vehicle area networks and data collection business (collectively, the "Insights Business").

Equity Awards

We granted the following restricted stock units ("RSUs" and each, an "RSU") and performance-based restricted stock units ("PRSUs" and each, a "PRSU") during the six months ended June 30, 2025:

We granted the following restricted stock units ("RSUs" and each, an "RSU") and performance-based restricted stock units ("PRSUs" and each, a "PRSU") during the nine months ended September 30, 2025:

Awards Granted To:

7 unchanged sentences

(2) These RSUs vest ratably over three years , one-third per year beginning on the first anniversary of the grant date.

These RSUs will fully vest on various dates between January 2028 and June 2028.

(3) These PRSUs vest in April 2028.

These RSUs will fully vest on various dates between January 2028 and September 2028.

(3) These PRSUs vest on various dates between April 2028 and September 2028.

The number of units that ultimately vest will be between 0 % and 150 % and is dependent on the achievement of certain performance criteria.

(4) These awards include certain PRSUs with market performance conditions that will be evaluated relative to the performance of certain peers as defined in the award agreement.

The number of units that ultimately vest (in April 2028) will be from

0 % to 150 %, depending on achievement of these performance criteria.

The number of units that ultimately vest (various dates between April 2028 and September 2028) will be from 0 % to 150 %, depending on achievement of these performance criteria.

Total grant date value of these PRSUs is approximately $ 6.7 million and was valued using the Monte Carlo method.

7 unchanged sentences

In the year ended December 31, 2023, we committed to a plan to reorganize our business (the “Q3 2023 Plan”).

The Q3 2023 Plan, consisting of voluntary and involuntary reductions-in-force, site closures, and other cost-savings initiatives, was commenced to adjust our cost structure and business activities.

The Q3 2023 Plan, consisting of voluntary and involuntary reductions-in-force, site closures, and other cost-savings initiatives, was

commenced to adjust our cost structure and business activities.

The reductions-in-force, which are subject to the laws and regulations of the countries in which the actions were executed or planned, impacted 505 positions.

2 unchanged sentences

We expect to settle these charges with cash on hand.

The following table presents the components of restructuring and other charges, net for the three and six months ended June 30, 2025, and 2024:

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

Spear Power Systems

In September 2024, we made the decision to exit the aerospace and defense business (the "Spear Aerospace Business") of Spear Power Systems (“Spear”).

We entered into an agreement wherein a third party assumed control of a majority of the remaining Spear assets that closed in October 2024.

The Spear Aerospace Businesses had been included in the Sensing Solutions reportable segment.

Exiting Spear resulted in charges in the three and nine months ended September 30, 2024 of $ 25.6 million and $ 24.7 million, respectively.

The following table presents the components of restructuring and other charges, net for the three and nine months ended September 30, 2025, and 2024:

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

2H 2024 Plan, net

5 unchanged sentences

471 3,224 1,653 5,679

Facility and other exit costs — 32 — 200

Loss on sale of business

Loss on sale of business and related costs (1)

11,489 112,854 16,398 112,854

Acquisition-related compensation arrangements (2)

— 118 — 2,028

Facility and other charge (3)

3,990 24,415 4,928 24,028

1 unchanged sentence

__________________________

(1) See Note 16:

Disposals for additional information on the sale of the Insights Business and the Magnetic Speed and Positioning Business.

(2) Acquisition-related compensation arrangements consist of incentive compensation to previous owners of companies we have acquired.

Payment is generally tied to technical and/or financial targets set at the time of acquisition.

The following table presents a rollforward of our severance liability, which is primarily related to the 2H 2024 Plan, for the six months ended June 30, 2025:

(3) Represents charges that are not included in one of the other classifications.

The three and nine months ended September 30, 2024 primarily include charges related to the exit of Spear, contract termination costs related to certain product lifecycle management activities in the Sensing Solutions segment and pension settlement costs.

The following table presents a rollforward of our severance liability, which is primarily related to the 2H 2024 Plan, for the nine months ended September 30, 2025:

Balance as of December 31, 2024

2 unchanged sentences

Foreign currency remeasurement 263

Balance as of June 30, 2025

The severance liability as of June 30, 2025 and December 31, 2024 was entirely recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets.

In the three months ended June 30, 2024, we initiated certain actions related to restructuring of our IT operations and product lifecycle management including product line discontinuations, which, for the three and six months ended June 30, 2024, resulted in total costs of $ 15.9 million, including severance, contract termination costs, and inventory charges.

Of the costs recognized, $ 13.2 million was included within cost of revenue and the remainder was included within restructuring and other charges, net.

The following table presents the components of other, net for the three and six months ended June 30, 2025 and 2024:

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

Currency remeasurement gain/(loss) on net monetary assets $ 399 $ 3,398 $ ( 60 ) $ 4,429

Loss on foreign currency forward contracts ( 2,519 ) ( 1,837 ) ( 4,095 ) ( 1,157 )

Balance as of September 30, 2025

The severance liability as of September 30, 2025 and December 31, 2024 was entirely recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets.

In the three months ended June 30, 2024, we initiated certain actions related to restructuring of our IT operations and product lifecycle management including product line discontinuations, which, for the three and nine months ended September 30, 2024, resulted in total costs of $ 32.5 million and $ 48.4 million, respectively, including severance, contract termination costs, and inventory charges.

Of the costs recognized for the three and nine months ended September 30, 2024, $ 27.3 million and

$ 40.5 million, respectively, were included within cost of revenue, with the remainder included within restructuring and other charges, net.

The following table presents the components of other, net for the three and nine months ended September 30, 2025 and 2024:

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Currency remeasurement (loss)/gain on net monetary assets $ ( 2,179 ) $ ( 1,310 ) $ ( 2,239 ) $ 3,119

Gain/(loss) on foreign currency forward contracts 1,349 ( 3,851 ) ( 2,746 ) ( 5,008 )

Gain on commodity forward contracts 6,670 1,200 12,682 7,276

Loss on debt financing transactions — ( 9,235 ) — ( 9,235 )

Gain/(loss) on equity investments, net (1)

4 unchanged sentences

___________________________________

(1) The six months ended June 30, 2024 primarily includes a loss on an equity investment that does not have a readily determinable fair value for which we use the measurement alternative prescribed in FASB ASC Topic 321, Investments—Equity Securities .

(1) The nine months ended September 30, 2024 primarily includes a loss on an equity investment that does not have a readily determinable fair value for which we use the measurement alternative prescribed in FASB ASC Topic 321, Investments—Equity Securities .

Refer to Note 13:

Fair Value Measures for additional information.

The following table presents the provision for income taxes for the three and six months ended June 30, 2025 and 2024:

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

Provision for income taxes $ 45,112 $ 27,280 $ 65,834 $ 49,850

The provision for income taxes consists of (1) current tax expense, which relates primarily to our profitable operations in tax jurisdictions with limited or no net operating loss carryforwards and withholding taxes related to management fees, royalties, and the repatriation of foreign earnings;

The following table presents the provision for/(benefit from) income taxes for the three and nine months ended September 30, 2025 and 2024:

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Provision for/(benefit from) income taxes $ 14,096 $ ( 219,572 ) $ 79,930 $ ( 169,722 )

The provision for/(benefit from) income taxes consists of (1) current tax expense, which relates primarily to our profitable operations in tax jurisdictions with limited or no net operating loss carryforwards and withholding taxes related to management fees, royalties, and the repatriation of foreign earnings;

and (2) deferred tax expense (or benefit), which represents adjustments in book-to-tax basis differences primarily related to (a) book versus tax basis in intangible assets, (b) changes in net operating loss carryforwards and tax credits, and (c) changes in withholding taxes on unremitted earnings.

During the third quarter of both 2025 and 2024, our provision for income taxes was unfavorably impacted by the impairment of nondeductible goodwill.

During the third quarter of 2024, our benefit from income taxes included a deferred tax benefit of approximately $ 257.7 million due to a tax strategy to secure the future tax deductibility of certain intellectual property which had a valuation allowance against it at December 31, 2023, offset by a $ 12.8 million tax expense on the sale of the Insights Business and a $ 11.1 million tax expense on the settlement of the U.S.

qualified pension plan.

In July 2025, the U.S.

enacted the One Big Beautiful Bill Act, which introduced significant changes to the federal tax code such as the permanent extension of select Tax Cuts and Jobs Act measures, updates to international tax rules, and the reinstatement of favorable business tax treatments.

The One Big Beautiful Bill Act includes multiple effective dates, with some provisions

retroactive to January 1, 2025, and others will become effective through 2027.

The Company is currently evaluating the impact on our consolidated financial statements and disclosures.

Net Income per Share

Basic and diluted net income per share are calculated by dividing net income by the number of basic and diluted weighted-average ordinary shares outstanding during the period.

For the three and six months ended June 30, 2025 and 2024 the weighted-average ordinary shares outstanding used to calculate basic and diluted net income per share were as follows:

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

The One Big Beautiful Bill Act includes multiple effective dates, with some provisions retroactive to January 1, 2025, and others will become effective through 2027.

The Company is continuing to evaluate the available elections, and the impact on our consolidated financial statements and disclosures;

however, the Company expects the overall impacts of this legislation to be favorable.

Net (Loss)/Income per Share

Basic and diluted net (loss)/income per share are calculated by dividing net (loss)/income by the number of basic and diluted weighted-average ordinary shares outstanding during the period.

For the three and nine months ended September 30, 2025 and

2024 the weighted-average ordinary shares outstanding used to calculate basic and diluted net (loss)/income per share were as follows:

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Basic weighted-average ordinary shares outstanding 145,663 150,717 146,790 150,681

2 unchanged sentences

Diluted weighted-average ordinary shares outstanding 145,663 150,717 146,790 151,030

Net income and net income per share are presented in the condensed consolidated statements of operations.

Certain potential ordinary shares were excluded from our calculation of diluted weighted-average ordinary shares outstanding because either they would have had an anti-dilutive effect on net income per share or they related to equity awards that were contingently issuable for which the contingency had not been satisfied.

Net (loss)/income and net (loss)/income per share are presented in the condensed consolidated statements of operations.

Certain potential ordinary shares were excluded from our calculation of diluted weighted-average ordinary shares outstanding because either they would have had an anti-dilutive effect on net (loss)/income per share or they related to equity awards that were contingently issuable for which the contingency had not been satisfied.

These potential ordinary shares were as follows:

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Anti-dilutive shares excluded 2,855 2,577 2,855 1,349

Contingently issuable shares excluded 893 737 867 909

The following table presents the components of inventories as of June 30, 2025 and December 31, 2024:

The following table presents the components of inventories as of September 30, 2025 and December 31, 2024:

September 30,

2025 December 31,

3 unchanged sentences

Inventories $ 641,367 $ 614,455

The following table presents the components of long-term debt, net and finance lease obligations as of June 30, 2025 and December 31, 2024:

Maturity Date June 30,

The following table presents the components of long-term debt, net and finance lease obligations as of September 30, 2025 and December 31, 2024:

Maturity Date September 30,

2025 December 31,

15 unchanged sentences

Finance lease obligations, less current portion $ 19,596 $ 20,984

Our indebtedness as of June 30, 2025 and December 31, 2024 consists of various tranches of senior unsecured notes as shown in the table above.

We also have secured credit facilities (the "Senior Secured Credit Facilities") which provide for our $ 750.0 million revolving credit facility (the "Revolving Credit Facility") and incremental availability under which additional debt can be issued.

Our indebtedness as of September 30, 2025 and December 31, 2024 consists of various tranches of senior unsecured notes as shown in the table above.

We also have secured credit facilities (the "Senior Secured Credit Facilities") which provide for our

$ 650.0 million revolving credit facility (the "Revolving Credit Facility") and incremental availability under which additional debt can be issued.

Refer to Note 14:

1 unchanged sentence

Revolving Credit Facility

As of June 30, 2025, we had $ 745.8 million available under the Revolving Credit Facility, net of $ 4.2 million of obligations in respect of outstanding letters of credit issued thereunder.

In September 2025, certain of our indirect, wholly-owned subsidiaries, including Sensata Technologies, Inc., Sensata Technologies Intermediate Holding B.V., and Sensata Technologies B.V.

(“STBV”), entered into an amendment (the “Fourteenth Amendment”) to the credit agreement, dated as of May 12, 2011 (as amended, supplemented, waived, or otherwise modified, the “Credit Agreement”).

Among other changes to the Credit Agreement, the Fourteenth Amendment, (i) reduced the total amount of the Revolving Credit Facility commitments of the lenders from $ 750.0 million to $ 650.0 million, (ii) extended the maturity date of the Revolving Credit Facility to September 24, 2030, and (iii) modified certain of the operational and restrictive covenants and other terms and conditions of the Credit Agreement to provide us increased flexibility and permissions thereunder.

As of September 30, 2025, we had $ 645.8 million available under the Revolving Credit Facility, net of $ 4.2 million of obligations in respect of outstanding letters of credit issued thereunder.

Outstanding letters of credit are issued primarily for the benefit of certain operating activities.

As of June 30, 2025, no amounts had been drawn against these outstanding letters of credit.

As of September 30, 2025, no amounts had been drawn against these outstanding letters of credit.

Accrued Interest

Accrued interest associated with our outstanding debt is included as a component of accrued expenses and other current liabilities in the condensed consolidated balance sheets.

As of June 30, 2025 and December 31, 2024, accrued interest totaled $ 51.6 million and $ 55.2 million, respectively.

As of September 30, 2025 and December 31, 2024, accrued interest totaled $ 34.0 million and $ 55.2 million, respectively.

In October 2025, Sensata Technologies B.V.

and Sensata Technologies, Inc., our indirect, wholly owned subsidiaries, announced the commencement of a cash tender offer for up to $ 350 million of the outstanding $ 1.0 billion aggregate principal amount of 4.0 % Senior Notes due 2029, $ 450.0 million aggregate principal amount of 4.375 % Senior Notes due 2030, and $ 500.0 million aggregate principal amount of 5.875 % Senior Notes due 2030.

Commitments and Contingencies

3 unchanged sentences

In April 2025, we experienced a ransomware incident that encrypted certain devices in our network.

The incident temporarily impacted our operations, but the incident did not have a material impact on the Company’s financial results and operations for the three and six months ended June 30, 2025.

The incident temporarily impacted our operations, but the incident did not have a material impact on the Company’s financial results and operations for the three and nine months ended September 30, 2025.

Shareholders' Equity

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Cash Dividends

In the three and six months ended June 30, 2025, we paid aggregate cash dividends of $ 17.6 million and $ 35.5 million, respectively, compared to $ 18.1 million and $ 36.1 million in the three and six months ended June 30, 2024, respectively.

In July 2025, we announced that our Board of Directors approved a quarterly dividend of $ 0.12 per share, payable in August 2025 to shareholders of record as of August 13, 2025.

In the three and nine months ended September 30, 2025, we paid aggregate cash dividends of $ 17.5 million and $ 52.9 million, respectively, compared to $ 18.1 million and $ 54.3 million in the three and nine months ended September 30, 2024, respectively.

In October 2025, we announced that our Board of Directors approved a quarterly dividend of $ 0.12 per share, payable in November 2025 to shareholders of record as of November 12, 2025.

Treasury Shares

3 unchanged sentences

In September 2023, our Board of Directors authorized a $ 500.0 million ordinary share repurchase program (the “September 2023 Program”), which became effective on October 1, 2023.

In the three months ended June 30, 2025, we repurchased 0.7 million ordinary shares for $ 20.1 million, under the September 2023 Program.

In the three months ended June 30, 2024, we did not purchase any shares under our share repurchase program.

In the six months ended June 30, 2025 and 2024, we repurchased 4.2 million and 0.3 million ordinary shares, respectively, for $ 120.6 million and $ 10.1 million, respectively.

All share repurchases in the three and six months ended June 30, 2025 and 2024 were made under the September 2023 Program.

As of June 30, 2025, $ 282.4 million remained available for repurchase under the September 2023 Program.

In the three months ended September 30, 2025, we did not repurchase any ordinary shares.

In the nine months ended September 30, 2025, we repurchased 4.2 million ordinary shares for $ 120.6 million.

In the three and nine months ended September 30, 2024, we repurchased 1.1 million and 1.3 million ordinary shares, respectively, for $ 38.7 million and $ 48.8 million, respectively.

All share repurchases in the three and nine months ended September 30, 2025 and 2024 were made under the September 2023 Program.

As of September 30, 2025, $ 282.4 million remained available for repurchase under the September 2023 Program.

Accumulated Other Comprehensive Loss

The following table presents the components of accumulated other comprehensive loss for the six months ended June 30, 2025:

The following table presents the components of accumulated other comprehensive loss for the nine months ended September 30, 2025:

Cash Flow Hedges Defined Benefit and Retiree Healthcare Plans Cumulative Translation Adjustment Accumulated Other Comprehensive Loss

Balance as of December 31, 2024 $ ( 7,913 ) $ ( 11,690 ) $ ( 22,940 ) $ ( 42,543 )

Other comprehensive (loss)/income before reclassifications, net of tax ( 9,224 ) — 13,677 4,453

Other comprehensive income before reclassifications, net of tax ( 4,505 ) — 17,188 12,683

Reclassifications from accumulated other comprehensive loss, net of tax 5,905 504 — 6,409

Other comprehensive (loss)/income ( 6,799 ) 504 13,677 7,382

Balance as of June 30, 2025 $ ( 14,712 ) $ ( 11,186 ) $ ( 9,263 ) $ ( 35,161 )

The following table presents the amounts reclassified from accumulated other comprehensive loss for the three and six months ended June 30, 2025 and 2024:

For the three months ended June 30, For the six months ended June 30, Affected Line in Condensed Consolidated Statements of Operations

Other comprehensive income 1,400 504 17,188 19,092

Balance as of September 30, 2025 $ ( 6,513 ) $ ( 11,186 ) $ ( 5,752 ) $ ( 23,451 )

The following table presents the amounts reclassified from accumulated other comprehensive loss for the three and nine months ended September 30, 2025 and 2024:

For the three months ended September 30, For the nine months ended September 30, Affected Line in Condensed Consolidated Statements of Operations

Component 2025 2024 2025 2024

2 unchanged sentences

Foreign currency forward contracts 962 ( 6,429 ) 8,493 ( 22,268 ) Cost of revenue (1)

Total, before taxes 5,181 ( 9,247 ) 3,268 ( 16,709 ) Income before taxes

Income tax effect ( 1,336 ) 2,386 ( 843 ) 4,311 Provision for income taxes

Total, net of taxes $ 3,845 $ ( 6,861 ) $ 2,425 $ ( 12,398 ) Net income

Total, before taxes 4,690 ( 6,631 ) 7,958 ( 23,340 ) (Loss)/income before taxes

Income tax effect ( 1,210 ) 1,710 ( 2,053 ) 6,021 Provision for/(benefit from) income taxes

Total, net of taxes $ 3,480 $ ( 4,921 ) $ 5,905 $ ( 17,319 ) Net (loss)/income

Defined benefit and retiree healthcare plans

1 unchanged sentence

Defined benefit and retiree healthcare plans — 3,890 721 3,890 Restructuring and other charges, net

Total, before taxes 19 271 731 567 Income before taxes

Income tax effect ( 9 ) ( 63 ) ( 227 ) ( 132 ) Provision for income taxes

Total, net of taxes $ 10 $ 208 $ 504 $ 435 Net income

Total, before taxes 7 4,051 738 4,618 (Loss)/income before taxes

Income tax effect ( 7 ) 10,135 ( 234 ) 10,003 Provision for/(benefit from) income taxes

Total, net of taxes $ — $ 14,186 $ 504 $ 14,621 Net (loss)/income

___________________________________

3 unchanged sentences

Measured on a Recurring Basis

The fair values of our assets and liabilities measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024 are shown in the below table.

The fair values of our assets and liabilities measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024 are shown in the below table.

September 30,

2025 December 31,

10 unchanged sentences

Government Treasury money market funds and are classified as Level 1 as they are exchange traded in an active market.

Measured on a Nonrecurring Basis

In the third quarter of 2025, impairment indicators were identified that suggested the carrying value of the Dynapower reporting unit could exceed its fair value.

The primary indicators of impairment were a lower outlook within certain markets that the reporting unit operates in following recent tax legislation being enacted, and a strategic shift to focus on other markets.

This revised outlook led to downward revisions of forecasted future cash flows.

We evaluated the goodwill of the Dynapower reporting unit for impairment using a combination of a market-based valuation method and an income approach that discounts forecasted cash flows.

As these assumptions were largely unobservable, the estimated fair values fall within Level 3 of the fair value hierarchy.

A change in our cash flow forecast or the discount rate used would result in an increase or decrease in our calculated fair value.

We determined that our Dynapower reporting unit was impaired, and in the third quarter of 2025, we recorded a $ 225.7 million non-cash impairment charge.

If Dynapower does not achieve the forecasted future cash flows, there is a possibility that additional impairments of the remaining $ 4.1 million of goodwill may be recognized in the future.

In the third quarter of 2024, we determined that our Dynapower reporting unit was impaired, and we recorded a $ 150.1 million non-cash impairment charge.

Financial Instruments Not Recorded at Fair Value

The following table presents the carrying values and fair values of financial instruments not recorded at fair value in the condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024.

The following table presents the carrying values and fair values of financial instruments not recorded at fair value in the condensed consolidated balance sheets as of September 30, 2025 and December 31, 2024.

All fair value measures presented are categorized in Level 2 of the fair value hierarchy.

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

Carrying Value (1)

13 unchanged sentences

In addition to the above, we hold certain equity investments that do not have readily determinable fair values for which we use the measurement alternative prescribed in FASB ASC Topic 321.

Such investments are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer.

As of June 30, 2025 and December 31, 2024, we held equity investments under the measurement alternative of $ 7.3 million and $ 6.1 million, respectively, which are presented in other assets in the condensed consolidated balance sheets.

Such investments are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments of the

As of September 30, 2025 and December 31, 2024, we held equity investments under the measurement alternative of $ 7.3 million and $ 6.1 million, respectively, which are presented in other assets in the condensed consolidated balance sheets.

Derivative Instruments and Hedging Activities

Foreign Currency Derivatives

As of June 30, 2025, we had the following outstanding foreign currency forward contracts, which had the below hedge accounting designation in accordance with FASB ASC Topic 815, Derivatives and Hedging :

As of September 30, 2025, we had the following outstanding foreign currency forward contracts, which had the below hedge accounting designation in accordance with FASB ASC Topic 815, Derivatives and Hedging :

(in millions) Effective Date(s) Maturity Date(s) Index (Exchange Rates) Weighted-Average Strike Rate Hedge

Designation (1)

342.5 EUR Various from July 2023 to June 2025 Various from July 2025 to June 2027 Euro ("EUR") to USD 1.11 USD Cash flow hedge

3,470.5 MXN Various from July 2023 to June 2025 Various from July 2025 to June 2027 USD to Mexican Peso ("MXN") 20.25 MXN Cash flow hedge

58.4 GBP Various from July 2023 to June 2025 Various from July 2025 to June 2027 British Pound Sterling ("GBP") to USD 1.28 USD Cash flow hedge

337.9 EUR Various from October 2023 to September 2025 Various from October 2025 to September 2027 Euro ("EUR") to USD 1.13 USD Cash flow hedge

3,273.8 MXN Various from October 2023 to September 2025 Various from October 2025 to September 2027 USD to Mexican Peso ("MXN") 20.43 MXN Cash flow hedge

57.7 GBP Various from October 2023 to September 2025 Various from October 2025 to September 2027 British Pound Sterling ("GBP") to USD 1.30 USD Cash flow hedge

(in millions) Effective Date(s) Maturity Date(s) Index (Exchange Rates) Weighted-Average Strike Rate Hedge

Designation (1)

58.2 EUR June 26, 2025 July 31, 2025 EUR to USD 1.17 USD Not designated

153.4 USD Various from March 2024 to May 2024 Various from July 2025 to May 2026 USD to Chinese Renminbi ("CNY") 6.98 CNY Not designated

1,071.4 CNY Various September 2024 Various from July 2025 to May 2026 USD to CNY 6.80 CNY Not designated

27,819.0 KRW Various from August 2023 to September 2024 Various from July 2025 to July 2026 USD to Korean Won ("KRW") 1,312.75 KRW Not designated

111.2 MXN June 26, 2025 July 31, 2025 USD to MXN 18.95 MXN Not designated

106.7 USD Various from March 2024 to May 2024 Various from October 2025 to May 2026 USD to Chinese Renminbi ("CNY") 6.97 CNY Not designated

744.0 CNY Various September 2024 Various from October 2025 to May 2026 USD to CNY 6.78 CNY Not designated

17,341.7 KRW Various from November 2023 to September 2024 Various from October 2025 to July 2026 USD to Korean Won ("KRW") 1,313.05 KRW Not designated

___________________________________

1 unchanged sentence

They are intended to preserve economic value, and they are not used for trading or speculative purposes.

As of June 30, 2025, we estimate that $ 17.7 million of net losses will be reclassified from accumulated other comprehensive loss to earnings during the twelve-month period ending June 30, 2026.

Commodity Risk Derivatives

As of June 30, 2025, we had the following outstanding commodity forward contracts, none of which were designated for hedge accounting treatment:

Commodity Notional Remaining Contracted Periods Weighted-Average Strike Price Per Unit

Silver 649,527 troy oz.

July 2025 to June 2027 $ 31.53

Copper 5,131,320 pounds July 2025 to June 2027 $ 4.30

As of September 30, 2025, we estimate that $ 9.6 million of net losses will be reclassified from accumulated other comprehensive loss to earnings during the twelve-month period ending September 30, 2026.

Financial Instrument Presentation

The following table presents the fair values of our derivative financial instruments and their classification in the condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024:

The following table presents the fair values of our derivative financial instruments and their classification in the condensed consolidated balance sheets as of September 30, 2025 and December 31, 2024:

Asset Derivatives Liability Derivatives

Balance Sheet Location June 30,

Balance Sheet Location September 30,

2025 December 31,

2024 Balance Sheet Location June 30,

2024 Balance Sheet Location September 30,

2025 December 31,

10 unchanged sentences

These fair value measurements were all categorized within Level 2 of the fair value hierarchy.

The following tables present the effect of our derivative financial instruments on the condensed consolidated statements of operations and the condensed consolidated statements of comprehensive income for the three months ended June 30, 2025 and 2024:

The following tables present the effect of our derivative financial instruments on the condensed consolidated statements of operations and the condensed consolidated statements of comprehensive (loss)/income for the three months ended September 30, 2025 and 2024:

Derivatives designated as

hedging instruments Amount of Deferred (Loss)/Gain Recognized in Other Comprehensive Income/(Loss) Location of Net (Loss)/Gain Reclassified from Accumulated Other Comprehensive Loss into Net Income Amount of Net (Loss)/Gain Reclassified from Accumulated Other Comprehensive Loss into Net Income

hedging instruments Amount of Deferred Gain/(Loss) Recognized in Other Comprehensive Income/(Loss) Location of Net (Loss)/Gain Reclassified from Accumulated Other Comprehensive Loss into Net (Loss)/Income Amount of Net (Loss)/Gain Reclassified from Accumulated Other Comprehensive Loss into Net (Loss)/Income

2025 2024 2025 2024

2 unchanged sentences

Derivatives not designated as

hedging instruments Amount of Gain/(Loss) Recognized in Net Income Location of Gain/(Loss) Recognized in Net Income

hedging instruments Amount of Gain/(Loss) Recognized in Net (Loss)/Income Location of Gain/(Loss) Recognized in Net (Loss)/Income

Commodity forward contracts $ 6,670 $ 1,200 Other, net

Foreign currency forward contracts $ 1,349 $ ( 3,851 ) Other, net

The following tables present the effect of our derivative financial instruments on the condensed consolidated statements of operations and the condensed consolidated statements of comprehensive (loss)/income for the nine months ended September 30, 2025 and 2024:

Derivatives designated as

hedging instruments Amount of Deferred (Loss)/Gain Recognized in Other Comprehensive Income/(Loss) Location of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income Amount of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net Income

hedging instruments Amount of Deferred (Loss)/Gain Recognized in Other Comprehensive Income/(Loss) Location of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net (Loss)/Income Amount of Net Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Net (Loss)/Income

2025 2024 2025 2024

2 unchanged sentences

Derivatives not designated as

hedging instruments Amount of Gain/(Loss) Recognized in Net Income Location of Gain/(Loss) Recognized in Net Income

hedging instruments Amount of Gain/(Loss) Recognized in Net (Loss)/Income Location of Gain/(Loss) Recognized in Net (Loss)/Income

Commodity forward contracts $ 12,682 $ 7,276 Other, net

2 unchanged sentences

We have agreements with our derivative counterparties that contain a provision whereby if we default on our indebtedness and repayment of the indebtedness has been accelerated by the lender, then we could also be declared in default on our derivative obligations.

As of June 30, 2025, the termination value of outstanding derivatives in a liability position, excluding any adjustment for non-performance risk, was $ 33.0 million.

As of June 30, 2025, we had no t posted any cash collateral related to these agreements.

As of September 30, 2025, the termination value of outstanding derivatives in a liability position, excluding any adjustment for non-performance risk, was $ 24.5 million.

As of September 30, 2025, we had no t posted any cash collateral related to these agreements.

If we breach any of the default provisions on any of our indebtedness as described above, we could be required to settle our obligations under the derivative agreements at their termination values.

6 unchanged sentences

The CODM considers budget-to-actual variances on a quarterly basis for operating income when making decisions about the allocation of operating and capital resources to each segment.

Significant expenses are reviewed by the CODM on a consolidated basis and not at the operating segment level.

Significant expenses are reviewed by the CODM on a consolidated basis and not at the

operating segment level.

We believe that segment operating income, as defined above, is an appropriate measure for evaluating the operating performance of our segments.

2 unchanged sentences

Significant Accounting Policies of the audited consolidated financial statements and notes thereto included in our 2024 Annual Report.

The Performance Sensing segment serves the automotive and HVOR industries through the development and manufacture of sensors, high-voltage solutions (i.e., electrical protection components), and other solutions that are used in mission-critical systems and applications.

Examples include those used in subsystems of automobiles, on-road trucks, and off-road equipment, such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission), and exhaust management.

These products are used in subsystems that, among other things, improve operating performance and efficiency and contribute to environmentally sustainable and safe solutions.

The Sensing Solutions segment primarily serves the industrial and aerospace industries through the development and manufacture of a broad portfolio of application-specific sensor and electrical protection products used in a diverse range of industrial markets, including the appliance, HVAC, water management, operator controls, charging infrastructure, renewable

energy generation, green hydrogen production, and microgrid applications and markets, as well as the aerospace market, including commercial aircraft, defense, and aftermarket markets.

Some of the products and solutions sold by the Sensing Solutions segment include pressure, temperature, and position sensors, motor and compressor protectors, high-voltage contactors, solid state relays, bimetal electromechanical controls, power inverters, charge controllers, battery management systems, operator controls, and power conversion systems.

Sensing Solutions products perform many functions, including prevention of damage from excess heat or electrical current, optimization of system performance, low-power circuit control, renewable energy generation, and power conversion from direct current power to alternating current power.

The following table presents net revenue, segment and non-segment operating expenses, and segment and non-segment operating income for the reportable segments and other operating results not allocated to our reportable segments for the three and six months ended June 30, 2025 and 2024:

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Performance Sensing

19 unchanged sentences

Amortization of intangible assets ( 19,601 ) ( 44,732 ) ( 61,362 ) ( 122,332 )

Goodwill impairment charge

( 225,700 ) ( 150,100 ) ( 225,700 ) ( 150,100 )

Restructuring and other charges, net ( 18,166 ) ( 140,624 ) ( 31,758 ) ( 144,897 )

Operating income 138,062 129,947 260,258 274,739

Operating (loss)/income ( 122,888 ) ( 199,227 ) 137,370 75,512

Interest expense ( 37,715 ) ( 38,942 ) ( 113,367 ) ( 118,200 )

1 unchanged sentence

Other, net 6,863 ( 12,294 ) 9,921 ( 19,741 )

Income before taxes $ 105,780 $ 98,983 $ 196,421 $ 197,574

(Loss)/income before taxes $ ( 148,427 ) $ ( 244,606 ) $ 47,994 $ ( 47,032 )

___________________________________

(1) Other segment and non-segment expenses include associated cost of revenue, research and development, and selling, general and administrative expenses.

The following table presents depreciation and amortization expense for our reportable segments and corporate and other for the three and six months ended June 30, 2025 and 2024:

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

The following table presents depreciation and amortization expense for our reportable segments and corporate and other for the three and nine months ended September 30, 2025 and 2024:

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Depreciation and amortization:

8 unchanged sentences

This treatment is consistent with the financial information reviewed by our chief operating decision maker.

The following table presents additions to PP&E and capitalized software for our reportable segments and corporate and other for the three and six months ended June 30, 2025 and 2024:

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

The following table presents additions to PP&E and capitalized software for our reportable segments and corporate and other for the three and nine months ended September 30, 2025 and 2024:

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Additions to property, plant and equipment and capitalized software:

4 unchanged sentences

Geographic Area Information

The following tables present net revenue by geographic area and by significant country for the three and six months ended June 30, 2025 and 2024.

The following tables present net revenue by geographic area and by significant country for the three and nine months ended September 30, 2025 and 2024.

In these tables, net revenue is aggregated according to the location of our subsidiaries.

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Americas $ 381,561 $ 458,957 $ 1,134,026 $ 1,347,214

2 unchanged sentences

Net revenue $ 931,978 $ 982,830 $ 2,786,617 $ 3,025,074

For the three months ended For the six months ended

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

For the three months ended For the nine months ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

United States $ 371,985 $ 425,747 $ 1,087,489 $ 1,245,377

4 unchanged sentences

Net revenue $ 931,978 $ 982,830 $ 2,786,617 $ 3,025,074

The following tables present PP&E, net, by geographic area and by significant country as of June 30, 2025 and 2024.

The following tables present PP&E, net, by geographic area and by significant country as of September 30, 2025 and 2024.

In these tables, PP&E, net is aggregated based on the location of our subsidiaries.

September 30,

2025 December 31,

4 unchanged sentences

Property, plant and equipment, net $ 775,748 $ 821,653

September 30,

2025 December 31,

11 unchanged sentences

The closing of the transaction ("Closing") occurred in the third quarter of 2024, at which time net assets transferred to the Buyer.

Concurrent with the Closing, the parties entered into a Transition Services Agreement ("TSA") and a Supply Agreement.

The terms of the TSA require that we provide various forms of commercial, operational, and back-office support to the Buyer.

The Supply Agreement commenced at Closing and has a term of five years or less.

The terms of this agreement require that we sell certain tire pressure monitoring system products to the Buyer over the term of the agreement.

For the three and six months ended June 30, 2024, the Insights Business was included in our Other segment.

For the three and nine months ended September 30, 2024, the Insights Business was included in our Other segment.

Magnetic Speed and Position Business ("MSP Business")

12 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements