Total Revenue

–9.5% (from $1,006.7M to $911.3M)

Total Revenue declined by 9.5% YoY primarily due to softness in key segments. The decline was driven by reduced production levels and challenging market conditions in both the Performance Sensing segment (notably HVOR) and Automotive, where previous quarter strength was not sustained. " " " "

Performance Sensing Segment

–8.8% (from $713.3M to $650.4M)

The segment fell by 8.8% YoY reflecting mixed performance: Automotive dropped 5.5% while HVOR plunged by 18%. The sharp decline in HVOR, in particular, indicates intensified market headwinds relative to previous periods, significantly weighing on overall performance. " " " "

Automotive Sub-Segment

–5.5% (from $530.6M to $500.9M)

Despite some gains from localized production spikes in Q4 2024, the Automotive sub-segment posted a 5.5% decline YoY, suggesting that earlier period benefits were not maintained amid ongoing global production challenges and market volatility. " " "

HVOR Sub-Segment

–18% (from $182.7M to $149.5M)

The HVOR sub-segment experienced a dramatic 18% drop YoY. This steep decline is attributed to severe headwinds in heavy vehicle and off‐road markets, where production and market demand fell sharply compared to the previous period. " " " "

Sensing Solutions

+1.2% (from $257.8M to $260.8M)

Sensing Solutions showed a modest uptick of 1.2% YoY. This was driven by an 11% increase in the Industrial sub‑segment (from $124.3M to $138.6M) which was partially offset by a 17% decline in the Appliance and HVAC sub‑segment (from $47.1M to $38.9M), exhibiting divergent market trends within the segment. " " " "

Other Revenue

100% drop (from $35.6M to $0.0M)

The Other revenue category fell completely to zero in Q1 2025 from $35.6M in Q1 2024, likely due to the discontinuation or reclassification of non‐core revenue streams that had contributed in previous periods. " " "

Operating Income

–15.6% (from $144,792K to $122,196K)

Operating Income declined by 15.6% YoY, a steeper drop than revenue, indicating that cost pressures or higher operational expenses—possibly including increased SG&A, restructuring costs, or other charges—eroded margins relative to the more favorable figures seen in the previous period. " " "

Net Income

–8.0% (from $76,021K to $69,919K)

The Net Income decreased by approximately 8% YoY. While reflecting a broader revenue decline and margin pressure seen in operating income, the net figure suggests that some non‑operating factors or lower one‑off charges may have helped somewhat cushion the impact compared to the previous period. " " "

Operating Cash Flow

+11.6% (from $106,487K to $119,199K)

Operating Cash Flow increased by 11.6% YoY, primarily driven by improved working capital adjustments and operational efficiency that mitigated the impact of lower reported earnings—a trend consistent with the improved cash conversion noted in the prior period. " "

Cash and Cash Equivalents

+27.7% (from $460,359K to $588,139K)

The cash balance rose by 27.7% YoY, reflecting strong free cash flow generation and disciplined capital expenditure reductions relative to Q1 2024. This liquidity improvement builds on prior period efficiencies and better cash management, even as revenue trends were mixed. " "