Sensata Technologies Holding N.V. Revises Fourth Quarter 2011 Outlook

The Company is revising its fourth quarter 2011 outlook due to a number of factors primarily impacting its Sensors business including the flooding in Thailand, a reduction in production levels at certain OEMs and a reduction in inventories throughout the automotive supply chain. Although the flooding in Thailand has not had a material impact on the Company's supply chain, it has negatively affected production schedules for certain automotive OEMs. The continued uncertainty in the global economy, particularly in Europe, has also led to downward revisions to production levels by certain OEMs and tier suppliers with European exposure as well as continued overall tightening of inventories in the global supply chain. The Company believes these events will impact net revenue by approximately $20 to $25 million versus the mid-point of the prior guidance which was $470 million. In addition, these events will impact Adjusted net income (1) by approximately $0.03 to $0.05 per diluted share versus the mid-point of the prior guidance which was $0.48 per diluted share.
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