Sensata (ST) reported 4Q17 organic sales +5.2% and adjusted EPS +14.5%. For 2017, organic sales growth was 4%, and adjusted EBIT margin expanded by 100bps. 2017 was a strong year of new design wins for Sensata, leading the way to another year of growth. The company is performing in line with our expectations regarding margin improvement and deleveraging, paving the way for more M&A in the future. We are maintaining our price target and position size. Continue reading “Sensata 4Q17 earnings results: thesis is playing out, we still see some upside going forward”