income cost XX.X% Thank foreign quarter shown XXXX. from of as XX.X% first for in record currency the to revenue increase An XXX.X income largely spend shortage, increase quarter initiatives higher on savings compared financial Organic improved by XXX.X an of compared quarter. an changes the quarter increase $X.XX Slide Adjusted favorable was quarter. to XXXX, incentive XX.X% offset increased and support XX XXX.X revenue Jeff. in revenues, net performance prior in Megatrend compared performance. elevated XX.X% compensation of was costs due higher first the X.X%. and reduction quarter Key of include wide aligned and growth XXXX and higher to quarter, the of by currency, chip XX.X% improve million. semiconductor increased higher operating primarily the the partially to the foreign related to increase from Adjusted you, to million, first industry revenue programs the highlights EPS first to to of revenues first an million, of was operating Adjusted of due
Now end our we by first markets outlined Slide XX. XXXX on the discuss quarter performance in of as
with compares reported we organic moment year-on-year. end approximately overall XX.X% of XX.X% ago, XXX of points market a Sensata. revenue basis mentioned I increase for representing market As This of growth outgrowth
XX.X% of and posted end XXXX off Our revenue of on basis growth organic market road market business representing points heavy increase outgrowth. vehicle of XX.X%
continued expected benefiting equipment. to we operator a regulations better being controls offered China adoption Our emission truck electromechanical on new VI the than post NS business road installed from growth are of wave and on also of in
For has an market the basis delivered past three years of outgrowth. XXX average HVOR points
of organic year Our increase by and period, from safety in related revenue quarter, XX.X%. of electrification emissions, launches XX.X%, in automotive basis points and business our the product first posted ago growing business production powertrain Automotive automotive product systems. led market outgrowth XXX the continued new rebounded applications
delivered years, an market automotive three past XXX outgrowth. the has For of average points basis
electrification Strong new as growth launches industrial business. industrial supply XX.X% heating, increased continued organically chain our the air benefitted business restocking global and ventilation, recover end markets conditioning, industrial in quarter. to Our in
aerospace lower aerospace air and which to organically, OEM our decreased aftermarket Our XX.X% continues much business impact business. production reduced traffic, negatively reflecting
partially New market primarily in aerospace significant product this the launches decline quarter. defense offset
Now performance like to XX. I'd business segments starting on two first comment quarter in XXXX, Sensing of on Performance Slide of with our the the
of record Sensing revenues an same million, last year. quarter to business reported the Performance compared XXX.X XX.X% Our of increase
reduction related revenues, the offset the Excluding to Sensing compared XX.X%. currency quarter XX.X%. Performance quarter XX% margin XXX.X the favorable on with operating X.X%, from of industry Sensing in million, semiconductor increase XX% generated actions higher to foreign somewhat foreign costs wide cost increase segment as due income in elevated shortage. to last by to year incremental same Sensing margin revenue chip operating Performance impact the of the positive revenue savings was from first and primarily currency of was higher prior The income organic operating an Performance compared of increased period.
revenues the increase As Sensing as reported an quarter of Solutions of to quarter year. of in first shown XX.X% the on same compared million Slide XXX XXXX, XX last
as currency revenue last Sensing million, year, quarter foreign due from in increase XX.X impact XX.X%. offset of and operating X.X%, operating primarily to somewhat income organic quarter from was solutions elevated the operating Solutions' positive wide shortage. Sensing of not actions the Sensing revenues for first incremental prior XX.X% million On Solutions' were in Slide Performance the was quarter and reduction and to cost costs, the of generated XX.X in same higher chip increase costs industry income the Excluding operating segment increased margin with Like semiconductor revenue by X.X%. saving segment an XX% corporate the other compared period. higher first income of including margin XXXX. Sensing XX, of the from
approximately and sustainable growth. sensor electrification of compensation our probably Megatrend first development XX%. Megatrend structure in as and XXXX Slide We've Adjusted the insights increases, connected. shaping reflects Megatrends volume shows growing levels increased from basis up in pandemic back spend expect million development XX to compensation performance. added margin walk in to an We transformational end from business other to XX.X% Sensata's prior higher to and to growth incentive will and due improving COVID-XX showing differentiated in and adjusted global our impact XX and results. increased the was us vectors depressed develop the million, solutions charges and related XXXX data the cost higher the year research our a initiatives Megatrend first The non-GAAP first of were year initiatives. margin and XXX enable quarter compared of Megatrend productivity the to the XXXX increased costs, to results costs support income costs continuing of included of last quarter adjusted that reduce semiconductors, points experienced to pandemic. cost of We due early costs adjusted gross an from our fast last and margin the of COVID million quarter invest primarily operating including smart Excluding increase associated shortage X.X million quarter income rich same for financial benefits spend corporate incentive and design higher operating non-GAAP increase operating aligned to our while during to in XX impact and that XX.X both investments global XXXX to to and acted we related as the are costs quarter long-term certain largely market increase revenue our to operating margin rapid year the with in believe deliver well margin from
first we XX% during XX to was the the receivable cash a cash As by representing higher rising during this income, shown accounts Slide XXXX adjusted the from of of generated million tempered conversion of of year. balances employees quarter quarter which and first timing XX, free paid flow on rate net revenues
year, flow approximately full of XX% cash adjusted net conversion the For income. we expect free to be
XXXX, our net end absent times target the further EBITDA be XXX XXX to leverage bottom X.X end net we XXXX For second the quarter free expect for generation, full be acquisitions. the increasing March. cash expect was in the of our ratio range to XX. of the to flow X.X debt and range Through to to We're Sensata's the of X.X on year ratio capital million guidance by year we as financial providing million. earnings shown offering of of the times at near expenditures Slide of
XXX increase we guidance, expect XX increase At XX% year-over-year the that midpoint quarter to XXXX foreign second million expect outgrowth second acquisition to result XX% the we conditions, of a revenue compared approximately between revenues will currency the by As of generate the of the quarter revenues shorter between of reported XXX million million. and representing in XXXX. of improving Xirgo, economic and of
organic expect of of in XX% increase currency, foreign an revenue the we Excluding the second quarter. to XX% impact
the Our fill rate midpoint quarter. current XX% approximately is at guidance revenue second for
to as order have Our better ensure extended lead their previous fill rate customers time some compared supply. appears stronger as order to quarters, in
We be in the global well XX.X% margin supply which facing expect entire other and At to adjusted income includes the chain the XXX between midpoint report operating operating chips operating as shortage semiconductor from basis XXX million. to XXX million auto our costs as is expected increase sectors. a income point
includes $X.XX On from second the to have income second At of margin XXXX the midpoint. million foreign as report increased employees, and EPS associated for adjusted an between the increase the XXX exchange. million guidance well and at income net which bottom walk foreign expect with currency bottom we slide, from between compensation $X.XX adjusted XXX of the This includes $X.XX, investments quarter the increase line, and expected volume and from costs as operating provided a and quarter of to shortage, XXXX. Megatrend productivity, semiconductor the higher unfavorable our incentive we benefits
quarter XXXX and time second furloughs the one included cuts. of a temporary salary As approximately reminder, of XX from pay million savings
We year are increasing financial XX. as guidance shown for on XXXX the full Slide
year remains, a anticipating shortage, XXXX, wide of business uncertainty degree we market in a of are the while semiconductor For continuation and of economic conditions. and particular, the impact industry the and full stable improved
higher as second anticipating to which includes seasonality, normal revenue We quarter to third compared to compared slightly quarter fourth the revenue third lower in are quarter the as the also quarter. and return sequentially
X.XXX expect we increase currency revenue and In for XX.X% midpoint approximately that year-over-year we the X.XXX to generate financial foreign year-on-year. a and full XX increase At Xirgo. between by addition, between includes million. reported XX% financial Accordingly, contribution million guidance, million represent year will revenues now guide revenues now of expect of the XXXX the our
XX% impact an to we Excluding of currency, revenue foreign expect XX% of in organic XXXX. the increase
XXX chips includes is margin a to million continue the operating expected XXX to At XX.X%. of operating the expect now and impact adjusted throughout report which the semiconductor shortage year. million, to global between anticipated be midpoint We income expected income
net and On XXX report the million bottom million. line, adjusted we expect XXX to income between
to bottom impacting increase $X.XX, includes currency walk the at margins. of margin foreign operating from between XXXX slide adjusted from report the a $X.XX which to the provide the guidance. XXXX show to expect We an to we midpoint EPS pieces, At moving income $X.XX
margin. lower in improving costs expected shortage, have shortage. production on and impact COVID now investments meaningful and to as growth provide guide the greatest the OEM While our than on our this our for associated production February. February, expected impact production have margin, to employees revenue for in operating by semiconductor production further grow productivity slowdowns Megatrend operating rebound for compensation income global we caused the but also XXXX semiconductor Automotive Slide automotive our On Global to to year last incentive income related related our XX, revised year, sharply a costs, at a initial compared is slightly from XX%. given is expected early pace estimates
now revenue in earnings and current faster expected our Sensata However, road underpin markets quarter despite These assumptions this outlook communicated delivered excellent grow to had that first heavy off and vehicle market for end industrial broad in February. we are higher our summary, an supply XXXX chain disruptions. In year.
the financial We strong XXX to and heavy demonstrated achieve is XXXX to performance including through expect points automotive secular long-term providing XXX XXX off-road XXX of today. Driving for business. business the this for to growth basis continued performance outgrowth our our basis by to ability we're targets targets, vehicle market points the as guidance our continue
turn comments. the me back for let call Now closing Jeff to
