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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) will reveal its second quarter 2021 financial results on July 27, 2021, at 6:00 a.m. Eastern Time. Following this, a conference call at 8:00 a.m. will provide insights into the results and business trends. Investors can join the call via telephone or through a webcast available on the company's investor relations page. Sensata, a leading industrial technology company, specializes in sensor-based solutions for various industries, enhancing safety, efficiency, and connectivity in products.
Sensata Technologies (NYSE:ST) has introduced a new power disconnect solution, gaining traction among leading charging infrastructure OEMs for enabling faster and safer DC fast charging. This innovative solution combines contactors and GigaFuses from the Gigavac brand, streamlining installations while enhancing system protection. As electric vehicles transition to higher voltage levels (up to 1,000V and 350kW), the need for safer and more effective charging solutions has risen. Sensata's offerings reduce risk and improve performance, positioning the company as a key player in the electrification market.
Sensata Technologies (NYSE: ST) is set to host a Teach-In on June 2, 2021, at 10:00 a.m. Eastern Time to discuss its Data Insights Initiative, a collaboration with Xirgo Technologies. This initiative combines Sensata's Smart & Connected technology to enhance data-driven insights. Investors and analysts can join via webcast or dial in for real-time Q&A. More details are available on Sensata’s investor relations website.
Sensata Technologies (NYSE: ST) has secured a $15M contract with a major truck OEM for its Power Distribution Units (PDUs) aimed at DC fast charging of electric trucks. The contract spans five years and highlights Sensata's innovative technologies, including GigaFuse and Gigavac, crucial for electric vehicle safety. The PDUs support high-voltage electric powertrains and feature advanced cooling designs. The global Electric Commercial Vehicle market is projected to grow at a CAGR of 20% from 2020 to 2030, opening a serviceable market estimated at $1.3B for Sensata.
Sensata Technologies (NYSE: ST) reported a record revenue of $942.5 million for Q1 2021, an increase of 21.7% from $774.3 million in Q1 2020. Organic revenue growth was 18.8%. Operating income surged to $157.5 million (16.7% of revenue), up 168.7% year-over-year. Earnings per share reached $0.34, a significant increase of 580.0%. Sensata also generated $104.5 million in operating cash flow, above last year's $98.5 million. The company is adapting well despite supply chain challenges and continues to execute its growth strategy through acquisitions and joint ventures.
Sensata Technologies (NYSE: ST) will release its Q1 2021 financial results on April 27, 2021, at 6:00 a.m. Eastern Time. A conference call and webcast to discuss the results and business trends will follow at 8:00 a.m. ET on the same day. Investors can access the call via telephone at 1-844-784-1726 or 1-412-380-7411. A replay will be available until May 4, 2021. Sensata is a key player in the sensor and power management market, with operations in 13 countries, providing solutions that enhance safety and efficiency across various industries.
Sensata Technologies (NYSE: ST) has successfully completed its acquisition of Xirgo® Technologies for $400 million. This acquisition includes 100% of Xirgo's shares from private equity firm HKW and adds approximately 160 employees, including over 75 engineers. The deal is pivotal for advancing Sensata's Smart & Connected growth strategy, particularly in the transportation and logistics sectors, enhancing their data insight capabilities for fleet management. CEO Jeff Cote emphasized the potential for new growth opportunities for stakeholders.
Sensata Technologies (NYSE: ST) announced the pricing of an additional $250 million in 4.000% senior notes due 2029, priced at 100.75%. This offering, exempt from registration under the Securities Act, will close on April 8, 2021, pending customary conditions. The additional notes will consolidate with the previously issued $750 million of senior notes. Sensata intends to use the proceeds for general corporate purposes, including working capital and debt refinancing. The offering is aimed at qualified institutional buyers and will not be registered under the Securities Act.
Sensata Technologies (NYSE: ST) announced plans to offer an additional $150 million in 4.000% senior notes due 2029 through its subsidiary Sensata Technologies B.V. These notes will consolidate with existing notes issued on March 29, 2021. Proceeds will be used for general corporate purposes including working capital, acquisitions, and debt refinancing. The offering targets qualified institutional buyers and will not be registered under the Securities Act. Sensata is a leader in industrial technology, providing sensor solutions across various industries.
Sensata Technologies (NYSE: ST) announced pricing of $750 million in 4.0% senior notes due 2029, set to close on March 29, 2021. The notes, priced at par, will be guaranteed on a senior unsecured basis by the Issuer’s subsidiaries. The proceeds will support general corporate purposes, including working capital, acquisitions, refinancing debt, and share repurchases. The offering is made under exemptions from the Securities Act and targets qualified institutional buyers.