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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 Holding plc (NYSE: ST) will have CEO Jeff Cote and CFO Paul Vasington present at several virtual investor conferences in February 2021. The schedule includes the Goldman Sachs Technology and Internet Conference on February 11 at 8:50 a.m. ET, the Barclays Industrial Select Investor Conference on February 16 at 12:50 p.m. ET, and the Wolfe Investor Conference on February 25 at 11:30 a.m. ET. Live webcasts of the Goldman Sachs and Barclays presentations will be available on Sensata's investor relations website, where replays will also be accessible.
Sensata Technologies announced it intends to redeem all $750 million of its 6.250% Senior Notes due 2026 on March 5, 2021. The redemption price will be 103.125% of the principal amount plus accrued interest. The notice will be sent to registered holders by the trustee, The Bank of New York Mellon Trust Company. This press release serves purely informational purposes and does not constitute an offer to sell or solicit purchases of the Notes.
Sensata Technologies (NYSE: ST) reported fourth quarter revenue of $906.5 million, a 7.1% increase from $846.7 million in Q4 2019. Operating income reached $154.2 million, up 27.7% year-over-year. However, full-year revenue fell by 11.7% to $3,045.6 million compared to 2019. Earnings per share for Q4 rose to $0.77, a 126.5% increase from Q4 2019. Guidance for Q1 2021 is between $875 million and $915 million in revenue, and adjusted EPS of $0.67 to $0.77. The company also generated a record free cash flow of $240 million in Q4.
Sensata Technologies (NYSE: ST) announced the full acquisition of Denmark-based Battery Management System (BMS) provider, Lithium Balance. This acquisition enhances Sensata's electrification strategy and expands its offerings in clean energy markets. Lithium Balance, founded in 2006, specializes in next-generation BMS technologies for lithium-ion batteries. The deal is expected to strengthen Sensata's relationships with original equipment manufacturers (OEMs) and further propel its battery management solutions for industrial applications.
Sensata Technologies (NYSE:ST) updated its fourth quarter 2020 revenue guidance, anticipating earnings between $902 million and $907 million, up from prior estimates of $810 million to $850 million. This revision reflects increased business activity in the Automotive and Industrial sectors. CEO Jeff Cote highlighted higher orders and deliveries than expected. The company will report its full-year results on February 2, 2021, followed by a conference call at 8:00 a.m. Eastern Time.
Sensata Technologies (NYSE: ST) has appointed Daniel L. Black to its Board of Directors, enhancing the board's expertise in finance and corporate governance. Black is a Managing Partner at The Wicks Group and brings extensive experience from his 21-year tenure at BNY Capital Markets. He will serve on several board committees, contributing to the company's strategy. Additionally, Thomas Wroe will retire as a board member after over a decade of service, aligning with planned succession. This transition aims to strengthen shareholder value and ensure strategic continuity.
Sensata Technologies (NYSE: ST) announced its Q3 2020 results, reporting revenue of $788.3 million, down 7.2% from $849.7 million in Q3 2019, but up 36.7% from Q2 2020. Operating income decreased to $126.8 million (16.1% of revenue) from $146.1 million (17.2% of revenue) year-over-year. EPS rose to $0.49, an 11.4% increase from $0.44 in Q3 2019. Adjusted EPS was $0.66, down 26.7% year-over-year. Sensata projects Q4 revenue between $810-$850 million and adjusted EPS of $0.64-$0.72. Cost-saving measures are expected to yield $60-$65 million in 2021.
Sensata Technologies (NYSE: ST) announced it will disclose its Q3 2020 financial results on October 27, 2020, at 6:00 a.m. ET. A live conference call and webcast will follow at 8:00 a.m. ET to discuss the results and business trends. Investors can access the call via telephone or through the company's investor relations webpage. Sensata, a leader in sensing and power management solutions, operates in 11 countries, delivering products across various applications including automotive and industrial sectors.
Sensata Technologies announced the pricing of $750 million in 3.750% senior notes due 2031, set to close on August 17, 2020. The notes are guaranteed on a senior unsecured basis by Sensata Technologies B.V. and its wholly-owned subsidiaries, ranking equally with existing senior unsecured indebtedness. Proceeds will be used to repay approximately $400 million in revolving borrowings, cover fees related to the offering, and for general corporate purposes, including potential redemption of 6.250% senior notes due 2026. This offering is made to qualified institutional buyers and non-U.S. persons only.
Sensata Technologies plans to offer $750 million in senior notes due 2031, exempt from Securities Act registration. The notes will be guaranteed by Sensata Technologies B.V. and its subsidiaries. Proceeds will repay approximately $400 million of revolving borrowings, cover fees related to the offering, and for general corporate purposes. The offering targets qualified institutional buyers and non-U.S. persons outside the U.S. The announcement emphasizes an effort to enhance financial flexibility, while also noting the offering is subject to market conditions and certain risks.
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