Welcome to our dedicated page for Sensata Technologies Holding plc news (Ticker: $ST), a resource for investors and traders seeking the latest updates and insights on Sensata Technologies Holding plc stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sensata Technologies Holding plc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sensata Technologies Holding plc's position in the market.
Sensata Technologies' GigaFuse for Battery Electric Vehicles (BEVs) has won the 2024 Automotive News PACE Award, recognizing its innovation and contribution to safety and energy management. The GigaFuse addresses critical protection challenges, enhances architecture flexibility for OEMs, and helps reduce development time for automotive manufacturers to meet emissions targets.
Sensata Technologies Holding plc announced that CEO Jeff Cote will retire and be replaced by Martha Sullivan as interim CEO. Phillip Eyler joins the Board. The company forms a CEO search committee and enters cooperation agreements with Elliott. Martha Sullivan praised for her qualifications, and Phillip Eyler's appointment welcomed. Elliott expresses confidence in Sensata's future value creation. Sensata enters Cooperation and Information Sharing Agreements with Elliott. Sensata positions itself for a bright future in an electrified world.
Sensata Technologies reported solid financial results for the first quarter of 2024, with revenue reaching $1,006.7 million, an increase of 0.9% compared to the first quarter of 2023. The company's adjusted operating margins were at the high end of their guidance range. However, earnings per share decreased by 10.7% to $0.50. Sensata also provided guidance for the second quarter of 2024, expecting revenue of $1,025 to $1,055 million and adjusted EPS of $0.89 to $0.95.