Sensata Technologies Holding NV (NYSE:ST) Q2 2020 Earnings Conference Call - Final Transcript
Jul 28, 2020 • 08:00 am ET
to report adjusted EPS between $0.38 and $0.46, which includes a $0.02 positive impact from foreign currency at the guidance midpoint. We are not currently providing full year financial guidance until longer-term visibility improves.
In closing, I will echo Jeff's comments that while we are operating in unprecedented times, I'm very proud of our organization. We have made significant progress in strengthening our business during the quarter despite significant challenges. We are working diligently to ensure Sensata emerges from this time as a stronger and more resilient company.
I will now turn the call back to Jeff.
Thank you, Paul. Before turning over to Q&A, I want to wrap up with a few key messages, as outlined on Slide 18. We continue to monitor all of our end markets and customers to ensure that our resources are balanced against forecasts and prioritized against critical growth opportunities, and we have taken the necessary actions to align our cost with the market. We remain confident in our ability to deliver attractive end market outgrowth for the full year 2020 and into the future. And this confidence is supported by strong new business wins.
We continue to deliver solid free cash flow, which demonstrates Sensata's resilient financial model, and we ended the quarter with more than $1.2 billion in cash on hand. We continue to invest in our megatrends and other growth initiatives that are opening up significant new markets for Sensata. And we are making excellent progress as evidenced by the $108 million in new business wins in electrification so far this year and the customer engagement on Smart & Connected. In addition, we continue to believe that the overall market environment may provide interesting opportunities to further strengthen our portfolio through strategically important value-creating acquisitions such as PRECO Electronics.
Now I'd like to turn the call back to Jacob.
Thank you, Jeff. For participants, Jeff and Paul are in separate locations this morning, so feel free to direct your questions to one or the other of them. Also, given the large number of listeners on the call, I'd ask each of you to limit yourself to one question and a follow-up. Constantinos, if you would please assemble the Q&A roster.