Welcome to our dedicated page for Sensata Tech news (Ticker: ST), a resource for investors and traders seeking the latest updates and insights on Sensata Tech stock.
Overview
Sensata Technologies (ST) is a globally recognized provider of advanced sensor, electrical protection, control, and power management solutions. Designed to serve diverse markets such as automotive, industrial, aerospace, heavy vehicles, and HVAC, the company leverages its deep expertise in sensor technology, electrical protection, and control systems to address crucial market needs for safety, energy efficiency, and environmental sustainability.
Core Business and Technological Expertise
Sensata’s products are engineered to monitor, regulate, and protect critical systems. With a focus on precision and reliability, the company manufactures a range of sensors including pressure, temperature, force, and position sensors. The firm’s solutions enable superior operational efficiency and safety, making its products indispensable in automotive applications, industrial controls, aerospace components, and more. Its longstanding commitment to quality and innovation underpins a portfolio that is constantly refined to meet evolving industry standards.
Market Position and Industry Impact
The company occupies a vital niche in the global marketplace by providing components that are essential for the proper functioning and safety of a myriad of systems. Its established presence in over a dozen markets worldwide underscores Sensata Technologies' strategic emphasis on local decision-making combined with global expertise. This dual approach enables the company to offer innovative, complex product solutions while adapting to regional market dynamics.
Business Model and Revenue Generation
Sensata Technologies generates revenue through the direct sale of high-performance sensors and allied components that serve various sectors. By partnering with leading OEMs and end-users, the company ensures that its products are integrated into systems where precision, durability, and control are critical. This revenue model is supported by continuous investments in research and development, allowing Sensata to stay ahead in an industry where technological advancements and regulatory demands continuously evolve.
Innovation and Engineering Prowess
At the core of Sensata’s operational excellence is a strong engineering team focused on creating products that incorporate cutting-edge technology. The company employs rigorous quality assurance and design processes, ensuring that each sensor or control device performs reliably under challenging conditions. This commitment to engineering excellence and innovation is reflected in the complex, customized solutions provided to customers globally, making its product offerings both robust and adaptable.
Significance in the Competitive Landscape
In an industry characterized by rapid technological progress and high safety demands, Sensata Technologies has distinguished itself through its blend of global reach and localized expertise. The company’s capacity to deliver high-quality, efficient, and reliable sensing solutions positions it as a key contributor to the operational robustness of industries such as automotive manufacturing and industrial automation. Its emphasis on comprehensive design and precision engineering contributes significantly to its enduring market credibility.
Commitment to Expertise and Trustworthiness
Sensata Technologies has built a reputation marked by unwavering integrity and a steadfast commitment to quality. Industry participants and partners view the company as a trusted provider that consistently meets rigorous specifications and industry standards. Its ongoing focus on research, development, and continuous improvement underscores a deep-seated expertise that aligns with global expectations in technology and engineering innovation.
Conclusion
In summary, Sensata Technologies exemplifies excellence in the realm of sensor and control solutions. With a diversified product portfolio serving a wide array of markets, the company remains a cornerstone in ensuring operational efficiency, safety, and environmental stewardship across critical sectors. This comprehensive approach underscores Sensata’s enduring influence and technological leadership within a competitive and fast-evolving marketplace.
Sensata Technologies (NYSE: ST) has established performance criteria for two performance-based restricted stock unit (PRSU) awards granted to incoming CEO Stephan von Schuckmann, who will join in January 2025. The awards cover 20,073 and 130,475 ordinary shares respectively.
The PRSUs vesting is based on two key metrics:
- 50% on relative total shareholder return compared to 12 peer companies over three years
- 50% on return on invested capital over three years
If performance targets are exceeded, the PRSUs may vest up to 150% of the target shares. The first PRSU includes immediate vesting provisions upon involuntary termination without cause or voluntary termination for good reason. While subject to the 2021 Equity Incentive Plan terms, these awards were granted outside the plan as employment inducements.
Sensata Technologies (NYSE: ST) has launched the SIM200 Insulation Monitoring Device (IMD), designed for enhanced safety monitoring in high-voltage electrical systems. The device provides continuous monitoring of unearthed DC systems, including charging stations and electric vehicles operating above 60 VDC.
The SIM200 features a patented signal injection algorithm that enables 'always-on' monitoring, even when systems are powered off or experiencing voltage fluctuations. A key innovation is its ability to monitor total stored capacitance, important for megawatt charging applications and future safety specifications.
The device, which leverages technology from Sensata's 2021 Sendyne Corp acquisition, is UL 2231-2 recognized and tested to IEC 61557-8 requirements. It's available in various standard modules for applications from 60V to 1500V, featuring dual fault state outputs and CAN 2.0B interface for detailed system information.
Sensata Technologies (NYSE: ST) reported Q4 2024 financial results with revenue of $907.7 million, down 8.5% from Q4 2023. Operating income was $73.8 million (8.1% of revenue), while adjusted operating income reached $174.9 million (19.3% of revenue). Q4 earnings per share was $0.04, with adjusted EPS at $0.76.
For full-year 2024, revenue decreased 3.0% to $3,932.8 million. The company generated $551.5 million in operating cash flow and $393.0 million in free cash flow, marking a 40% increase year-over-year. During Q4, Sensata repurchased shares worth $21.6 million and paid $17.9 million in dividends.
Looking ahead to 2025, Sensata expects organic revenue to remain flat at approximately $3.6 billion, considering approximately $300 million of exited revenue in 2024. Q1 2025 guidance projects revenue between $870-890 million with adjusted operating margins expected to return to 19.0% or better in Q2 2025.
Sensata Technologies (NYSE: ST) has announced that its Board of Directors has approved a quarterly dividend of $0.12 per share for the first quarter of 2025. The dividend will be paid on February 26, 2025, to shareholders who are on record as of February 12, 2025.
Sensata Technologies (NYSE: ST) has announced it will release its fourth quarter and full year 2024 financial results on Tuesday, February 11, 2025, at approximately 4:05 p.m. Eastern Time. The company will host a live conference call and webcast at 4:30 p.m. Eastern Time on the same day to discuss results and business performance.
Investors can access the webcast through Sensata's investor relations website and participate in the earnings call by dialing 1-844-784-1726 or 1-412-380-7411. A replay will be available until February 18, 2024, accessible by dialing 1-877-344-7529 or 1-412-317-0088 with confirmation code: 9019340.
Sensata Technologies (NYSE: ST) has announced equity awards for its incoming CEO Stephan von Schuckmann, effective January 1, 2025. The compensation package includes two sets of restricted stock units (RSUs) covering 16,424 and 106,752 ordinary shares, and two performance-based restricted stock units (PRSUs) covering 20,073 and 130,475 shares.
The RSUs will vest in three equal installments over three years, subject to continued employment. The first RSU award includes immediate vesting upon involuntary termination without cause or voluntary termination for good reason. The PRSU vesting terms and performance criteria will be established by Sensata's Compensation Committee before April 1, 2025, aligned with senior executive compensation plans.
Sensata Technologies (NYSE: ST) has appointed Stephan von Schuckmann as its new Chief Executive Officer, effective January 1, 2025. Von Schuckmann brings over 20 years of global automotive and industrials experience, most recently serving as Board Member at ZF Group where he led the electric mobility division with annual revenue exceeding $12 billion. He also oversaw Asia Pacific operations and global procurement.
The appointment follows a thorough search process by Sensata's Board of Directors, who unanimously approved von Schuckmann's selection. Martha Sullivan, who served as interim CEO, will continue on the Board and act as a special advisor during the transition. Von Schuckmann will also join Sensata's Board of Directors upon assuming his role.
Sensata Technologies (NYSE: ST) reported Q3 2024 financial results with revenue of $982.8 million, down 1.8% year-over-year. The company posted an operating loss of $199.2 million, including $150 million in goodwill impairment related to Dynapower business and $141 million loss on the sale of Insights business. Adjusted operating income was $188.4 million with 19.2% margin. Loss per share was $0.17, while adjusted EPS was $0.86.
For Q4 2024, Sensata expects revenue of $870-900 million and adjusted EPS of $0.71-0.76, reflecting impacts from the Insights business sale, product exits, and reduced automotive production expectations.
Sensata Technologies (NYSE: ST) has announced its Board of Directors' approval of a quarterly dividend of $0.12 per share for the fourth quarter 2024. The dividend will be paid on November 27, 2024, to shareholders recorded as of November 13, 2024. Sensata Technologies operates as a leading industrial technology company, specializing in sensor-rich solutions for its customers.
Sensata Foundation has announced its 2024-2025 grant recipients, with a record distribution of $615,000 to 50 qualifying US-based nonprofits. This marks a significant increase from last year's $375,000 distribution. The grants will support organizations focused on STEM education and strengthening local communities where Sensata has a presence. The Foundation, which has awarded over $1.5 million in grants since its 2017 inception, includes both longstanding partners and 13 first-time grantees. The increased funding was made possible through employee contributions that unlocked additional funding from Sensata Technologies.
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