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.
Sensata Technologies Holding plc (NYSE: ST) is a global leader specializing in sensing, electrical protection, control, and power management solutions. The company designs and manufactures devices that address the increasing global demands for safety, energy efficiency, and environmental cleanliness across various markets including automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning, ventilation, data, telecommunications, recreational vehicle, and marine sectors.
Sensata Technologies operates a rapidly expanding business valued at $2.4 billion with operational and business centers in 16 countries. The company boasts a workforce of over 17,000 employees worldwide, including 900 individuals in engineering, business development, and corporate support roles at its U.S. headquarters in Attleboro, MA.
With a strong emphasis on local decision-making and innovation, Sensata develops complex products that make a tangible impact. The company has built a solid reputation for integrity and provides global exposure to world-class talent. Sensata's portfolio includes a wide array of sensors such as pressure, temperature, force, and position sensors, predominantly serving the automotive industry. The majority of its revenue stems from automotive applications, focusing on bumper-in technologies.
Recent achievements include partnerships with key industry players, the launch of cutting-edge sensor technologies, and significant growth in emerging markets. Sensata remains committed to delivering high-quality, reliable solutions that contribute to making the world safer and more energy-efficient.
Sensata Technologies (NYSE:ST) has launched its new GXC and MXC series of Smart-Tactor™ contactors, equipped with CAN bus communication. These contactors enhance data acquisition and predictive maintenance across military, battery systems, energy storage, commercial vehicles, and industrial applications. The series supports real-time data monitoring, improving system performance and reliability. With features like programmable overcurrent trip points and rugged sealing, these contactors are designed for demanding environments, helping fleet managers and OEMs make informed decisions.
Sensata Technologies (NYSE: ST) announced its acquisition of Sendyne Corp, a leader in sensing technologies for e-mobility. This acquisition enhances Sensata's electrification portfolio and aligns with its strategic focus on advanced electric vehicle technologies. Sendyne's proprietary solutions include innovative current and voltage measuring devices used in EVs and charging stations, supported by over 28 patents. The financial terms remain undisclosed. This move aims to strengthen Sensata’s market position and accelerate its electrification strategy, leveraging Sendyne's expertise in high-performance sensing technologies.
Spear Power Systems has signed a multi-year agreement to supply advanced aerospace batteries to Blue Origin, enhancing their New Glenn heavy-lift launch vehicle. This contract ensures a reliable domestic source of high-performance energy storage, critical for aerospace applications. Spear, based in Grandview, Missouri, has a strong history in custom energy solutions for defense and industrial uses. The company emphasizes safety and performance integrity in its battery systems, which incorporate proprietary safety features. This partnership is expected to boost Spear's market visibility in the aerospace sector.
Sensata Technologies (NYSE: ST) has completed the acquisition of SmartWitness Holdings, a leader in video telematics solutions. This strategic acquisition enhances Sensata's growth initiative in the transportation and logistics sectors. SmartWitness has deployed over 250,000 connected devices and tracks 50 million miles daily across various fleet markets. Sensata's CEO, Jeff Cote, expressed enthusiasm for the synergies that will arise from this acquisition, which is expected to broaden their service offerings to fleet managers and create new growth opportunities for stakeholders.
Sensata Technologies (NYSE: ST) has finalized its acquisition of Spear Power Systems, a company specializing in next-generation scalable lithium-ion battery storage systems for various applications. This acquisition enhances Sensata's ability to provide comprehensive energy storage solutions, particularly in specialty transportation markets, contributing to its electrification growth and clean energy strategy. Spear's solutions are characterized by their high energy density, modular architecture, and safety.
Sensata Technologies (NYSE: ST) held its Annual Day of Service on October 27, 2021, with over 430 employees engaging in community service projects across the U.S. in collaboration with 18 nonprofit organizations. This initiative reflects Sensata's commitment to community stewardship, supported by over $1 million in grants since 2017. Employees participated in various activities, such as improving accessibility at local trails and packing meals for food insecurity relief. The event underscores Sensata's dedication to being a purpose-driven organization and a responsible corporate citizen.
Sensata Technologies has launched its new High Voltage Junction Box solutions designed for fast and efficient megawatt charging of medium and heavy-duty electric trucks. This product supports charging up to 850 Volts and 1300 Amps, addressing the growing demand from electric vehicle manufacturers. The technology integrates advanced contactor, fuse, and controller designs while ensuring safety and compactness. Sensata has secured strategic agreements with leading electric truck manufacturers, positioning itself as a key provider in the commercial vehicle electrification market.
Sensata Technologies (NYSE: ST) reported strong financial results for Q3 2021, with revenue of $951 million, up 20.6% year-over-year. Operating income increased by 27.2% to $161.3 million, while adjusted operating income grew by 29.8% to $201 million. Earnings per share rose by 8.2% to $0.53, with adjusted EPS at $0.87, reflecting a 31.8% increase. The company expects Q4 revenue between $895-925 million and adjusted EPS of $0.76-0.82, amid ongoing supply chain challenges. Sensata continues to pursue acquisitions to drive long-term growth.
Sensata Technologies (NYSE: ST) has announced the acquisition of SmartWitness Holdings, a leader in video telematics for commercial fleets. This strategic purchase aims to enhance Sensata's Insight portfolio with advanced data capture capabilities, particularly through video technology. Since its inception in 2007, SmartWitness has shipped over 250,000 connected devices, leveraging AI and machine learning for safety improvements in fleet operations. The acquisition is expected to close in Q4 2021, pending regulatory approval, and will bolster Sensata's recurring revenue streams in a fast-evolving market.
Sensata Technologies (NYSE: ST) announces its selection for a major aircraft manufacturer’s light jet, featuring its new autothrottle assembly. This innovative solution reduces pilot workload and enhances flight safety by enabling automatic control of engine power. The assembly will be showcased at the NBAA Business Aviation Convention & Exhibition from October 12-14 in Las Vegas. Key features include seamless integration with avionics, precision sensors, and a maintenance-free design, aimed at offering luxurious cockpit experiences.
FAQ
What is the current stock price of Sensata Technologies Holding plc (ST)?
What is the market cap of Sensata Technologies Holding plc (ST)?
What does Sensata Technologies specialize in?
Where is Sensata Technologies headquartered?
How many employees does Sensata Technologies have?
What industries does Sensata Technologies serve?
What types of sensors does Sensata Technologies produce?
What is the primary market for Sensata Technologies' products?
What is Sensata Technologies' estimated business value?
How many countries does Sensata Technologies operate in?
What is Sensata Technologies' approach to innovation?
How does Sensata Technologies contribute to environmental cleanliness?
