Organic Adjusted for increase highlights XX.X%. costs support million, second compensation offset include quarter increased in chip And to megatrend shortage, $XXX.X increase revenue operating revenue semiconductor foreign increased aligned quarter higher to income shown XX.X% incentive second growth Thank higher XXXX, Xirgo initiatives and related the financial the elevated million, of currency to revenue partially acquisition due compared Jeff. of by Slide spend to revenues, quarter, XXX% X, increased of record of $XXX.X industry-wide changes revenue an primarily X.X%. an you, second of performance. to higher the XXXX. of X.X%. was as improve for The by by Key on the
quarter, operating our an to the million the million, XXX% EPS temporary of prior an quarter, to in increase to net included due year of quarter Adjusted XXXX, $XXX.X compared was increase second markets of and to response $XX.X second prior of compared significant comparison Adjusted COVID-XX in increase the and income. $X.XX quarter. quarter largely in in negative furloughs impact the related XXX% savings salary to income the was year of Second reductions business. the on XXXX,
in market second quarter end Now of I as the by will discuss X. Slide on XXXX, our performance outlined
year-on-year X,XXX market growth Our points end increase comprised estimated organic overall of is outgrowth customer inventory revenue restocking basis X.X% for XX.X% Sensata. of of market XX.X%, approximately of and of
posted business XX.X%, off-road basis X,XXX vehicle customer end an organic points inventory heavy estimated due market of revenue of and Our X.X% growth of of growth outgrowth. XX.X%, increase restocking to market representing
continued wave being of electromechanical China truck. growth the adoption Our substantially installations we radar post the off-road the stages to our to early regulations. emissions remain accelerated from for heavy new NS balance VI And expect from operating feature. increased better-than-expected outgrowth business in controls on-road safety content We as in vehicles on truck VI of a heavy are NS installed business vehicle the benefiting regulations market equipment to as and of have of per do a for China led year both high
posted of and of of growth restocking estimated XXX due end revenue growth to X.X% inventory automotive points increase market XX.X%, market representing organic Our outgrowth. an XX.X%, business basis of customer
lows, electrification-related in inventories, Our to emissions, Vehicle new foreseeable tailwind America, future. automotive growth product safety, automotive in systems. signaling benefited North business in for from remain historic the especially applications market in and launches a powertrain and
recover and conditioning, industrial chain business industrial launches continued supply business. Our end in in air new XX.X% our heating, quarter. industrial and global benefited restocking increased the growth as markets organically electrification ventilation to Strong
improved OEM which somewhat aerospace Our in drives increased air traffic, XX.X% business. aftermarket aerospace production business reflecting organically, our
primarily in our faster improvements launches, and than market product defense, enabled in quarter. business this to New aerospace grow aftermarket,
if well this plant reflecting unusually high outbreak. basis above resulting this vehicle in the One the points on are normalized quarterly compare automotive still Slide of dynamic of this is for to revenue comparison other XXXX basis XXXX. widespread to XX showing COVID-XX these quarter quarters instead we stand-alone a appropriate XXX is revenue of numbers low of what in the point our reasons are our was to our that figure the in points for adjusted basis. happen so The outgrowth to response and outgrowth and off-road for closures quarter's you, low, compare target X,XXX market heavy to deconstruct ranges, second figures outgrowth would quarter more
Now on Slide X business comment the to performance of Sensing the with I'd second segments Performance like of XXXX, quarter on XX. our in starting
Our million, XX.X% Performance $XXX.X of an Sensing business increase reported last the record same compared revenues to year. quarter of
of foreign XX.X% X.X%, acquisition organic of XX.X%. on prior quarter quarter million, furloughs salary of Excluding increase The somewhat X.X% costs generated of Performance The revenue of and the as positive last revenues, Sensing the same an the in income semiconductor the operating positive and segment compared to organic from Xirgo offset to with the delivered impact increase compared currency was revenue was by Sensing operating related to due margins higher temporary income year, to $XXX.X to impact related second Performance incremental XXX.X% quarter operating as growth. industry-wide margin the reductions. shortage. savings Performance Sensing year XX% included and elevated prior period. chip primarily year in the higher
on million the $XXX.X XXXX, of in last shown Slide the to XX.X% same reported an as compared quarter Sensing of of quarter increase year. revenues As Solutions XX, second
million, last revenues and again, and year the Slide impact offset positive Performance operating in delivered higher And from incremental to year in compared growth. from prior year, were in higher furloughs the generated Sensing primarily the On was Solutions XXXX. revenue Sensing included income of due XX.X%. semiconductor margins temporary costs was income operating the shortage. of Excluding included related XX% to an to the second with the revenue the foreign segment quarter Like $XX $XX.X segment of Sensing, not period. expenses prior organic X.X%, chip salary Corporate elevated operating currency somewhat by quarter Sensing reductions. of operating quarter income same XX.X% of increase operating savings increase Solutions industry-wide the Solutions as XX, in and XX% million quarter second in other organic margin
second gross adjusted last revenue We compared both margin in levels non-GAAP largely megatrends adjusted rapid from quarter during of invest and the margin continuing results. reduce shaping to operating back We margin COVID-XX long-term year million and costs increased pandemic for reflects from year improving from differentiated, year, in we to to second in $XX.X quarter to charges savings an and XX enable temporary to Sensata reflecting non-GAAP XX.X%. end prior income to year are last included primarily Adjusted early other operating the development quarter aligned of reductions. XXXX sensor-rich to the and in XXXX, and performance. quarter approximately our sustainable The the to of the spend operating research results, our from fast-growing growth depressed expect megatrend margin while million, operating to higher and spend transactors The $XX increase income furloughs $XX.X will same costs incentive included up added the initiatives $XX million to to solutions XXX.X% data shows million and experienced in growth. XXX due development corporate the support adjusted Slide on pandemic. Excluding increase were to megatrend-related that financial salary market We've second structure an our and acted transformational basis currently points XX% cost Insights. quarter, business and increased XXXX, of walk increase quarter our adjusted compensation slide. that and higher mega the global develop design XXXX us our believe and in XXXX Sensata's connected Electrification and prior deliver
$XXX the of As Slide during shown rate income. representing second million XX, net on quarter, an free we generated of cash conversion flow adjusted XX%
full be the free XX% year, For flow income. we cash net to conversion adjusted expect approximately of
of be June net at the million. the end $XXX ratio XXXX. earnings For in X.Xx expenditures full to capital was expect XXXX, range to $XXX increasing Through near and million of absent year ratio debt-to-EBITDA we target acquisitions. of this of we bottom our X.Xx free by of X.Xx to generation, the further operating year, expect be our cash to end leverage the net flow range Sensata's
guidance financial XX. on Slide of provided as for third have shown We the quarter XXXX,
to between a and quarter representing and expect XXXX, of of generate million $XXX reported for quarter revenues We the increase million third $XXX XX% between to compared the revenue XX% third XXXX.
in an Excluding organic revenue the XX% foreign the of impact expect XX% of quarter. we third Xirgo to the in acquisition, increase currency
Our is current for XX% midpoint fill quarter. rate third of the the approximately guidance revenue
China their customers periods. by as fill to the to raises appears current our compared in ensure this transportation previous estimate as some X% to in quarters lead better extended stronger industries rate compared other Our extended industrial, We times fill supply. have order ordering approximately and
$XXX adjusted shortage, to is operating report costs points XXX customer includes expected million. XX.X%, We net of At the of operating basis and expect with income associated global margin $XXX increased million operating adjusted midpoint, actions. recovery between chip the to semiconductor which income be
bottom of line, $XXX margin foreign adjusted at from income operating net million walk guidance quarter the adjusted between EPS At report XXXX bottom a we slide, $X.XX, to the On from and an XXXX. and between provided to the adjusted income the of we increase $XXX have of which currency $X.XX the the includes third million $X.XX third midpoint. quarter and expect
financial full guidance shown We are the on year the XX. tightening as Slide raising midpoint and XXXX of for range the
a the of are business of and shortage, in continuation while more improved year uncertainty market remains, and stable of semiconductor For impact chip economic we conditions. the the a the degree anticipating full XXXX, particular from
$X.XX lower billion year year-on-year. $X.XX sequentially flat generate and as between fourth now as includes third we which third second quarter revenue and seasonality, revenue the normal of quarter. between return a quarter the XX% to to anticipating roughly Accordingly, a reported for compared compared in also quarter revenues to and revenue increase are billion XXXX, representing expect the the XX% We full
Excluding Xirgo of and acquisition, the to XXXX. expect impact of the XX% in revenue an increase XX% currency foreign we organic
$XXX to million inflationary actions and by expectation and report with higher adjusted shortage between for which is At XX%. We our pursuing recovery semiconductor global margin chip the expect somewhat operating are offset impacts, expectations customers. the our million, adjusted other $XXX income income midpoint, reflects we from for operating costs
million pieces impacting We $X.XX, the adjusted for $XXX provide at the year benefit margins. report a 'XX expect given shared we XXXX our expectations we walk we $X.XX to On currency the of OEM last to global shortage. further $X.XX provided moving for On April an currently EPS includes a lower to which expected to chip in from growth but and late than Slide of in semiconductor caused XXXX to have estimates between XX, and from income we compared pace the production production April. rebound the automotive foreign slowdowns slide, the bottom revised between line, the adjusted and $XXX expect At show million guidance. income this midpoint net margin production operating year, at adjusted from as by bottom
are conservative the IHS. July grow as production update. forecast that for their global IHS to production year to for is diverging with in than more from currently We year We X% a X% expect the for at compared estimates IHS production auto automotive
year. be markets quarter third quarter reported about production of we the in this expecting to our with production automotive for In addition, flat are second
off-road outlook our in to with lower our expect we hand, XXXX grow normal industrial record second half chain half Sensata heavy faster business And pattern, seasonally underpin XXXX. industrial line assumptions excellent earnings first are revenue sum, in an this disruptions. expected our we as In now of with other delivered be the and its despite year. supply quarter in current markets than revenue April. vehicle end the On shared in second and for broad These the to to compared
guidance solid this providing expect continue financial XXXX demonstrated by as we're today. throughout to performance We the
over turn back the Jeff call comments. to Now for let me closing
