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Sensata Technologies (ST) delivers mission-critical sensing and electrical protection solutions across automotive, industrial, and aerospace sectors. This dedicated news hub provides investors and industry professionals with comprehensive coverage of corporate developments directly impacting market positioning and technological leadership.
Access real-time updates including quarterly earnings disclosures, product innovation announcements, strategic partnerships, and regulatory compliance milestones. Our curated feed ensures you stay informed about sensor technology advancements and power management solutions that drive safety and efficiency in global industries.
Key updates feature engineering breakthroughs, manufacturing expansions, and sustainability initiatives that underscore Sensata's role in enabling smarter, cleaner technologies. Content spans operational updates from all served markets, including heavy vehicle electrification progress and aerospace safety system enhancements.
Bookmark this page for centralized access to verified Sensata Technologies communications. Combine regular monitoring with in-depth analysis of how sensor innovation trends translate to industrial applications and shareholder value creation.
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.
Sensata Technologies (NYSE: ST) has announced that it will release its third quarter 2024 financial results on Monday, November 4, 2024, at approximately 4:00 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 the results and business performance.
Investors can access the webcast and subsequent replay on Sensata's investor relations website. Additionally, the earnings call can be listened to live via telephone by dialing 1-844-784-1726 or 1-412-380-7411 and referencing the Sensata Technologies Q3 2024 Financial Results Conference Call. A replay of the call will be available until November 11, 2024, accessible by dialing 1-877-344-7529 or 1-412-317-0088 and entering confirmation code: 1693084.
Sensata Technologies (NYSE: ST) has unveiled its innovative Digital Inceptor for Advanced Air Mobility (AAM) and Urban Air Mobility (UAM) applications at NBAA BACE 2024. The lightweight, modular inceptor features a compact multi-axis design with advanced RVDT sensor technology, offering flexible signal outputs and high reliability.
Key features include:
- Weight-optimized design: three-axis models weigh less than 3.175 kg
- Single-point of failure mitigation
- Redundant load paths and jam-resistant features
- Flexible signal outputs in analog or digital formats
- Options for redundant sensors
- Successful completion of RTCA/DO-160 EMI testing
The Digital Inceptor is part of Sensata's broader cockpit control portfolio, designed to support various applications including air taxis and cargo delivery in modern air mobility.
Balmoral Funds has acquired Sensata Technologies' (NYSE: ST) Insights business unit, rebranding it as Xirgo Technologies. This move positions Xirgo as an independent leader in IoT solutions, ready for accelerated growth. Chris Wolfe, an IoT industry veteran, has been appointed CEO of Xirgo Technologies.
Xirgo is known for its advanced IoT solutions, including vehicle and asset telematics hardware, AI driver cameras, and enterprise-class software. The company serves over 900 global channel partners, deploying more than 1.6 million devices annually. Balmoral Funds plans to invest significantly in Xirgo's operations, focusing on R&D, market expansion, and maintaining high-quality customer service.
Sensata Technologies (NYSE: ST) reported its Q2 2024 financial results, showing a slight decrease in revenue but improved operating margins. Revenue was $1,035.5 million, down 2.5% year-over-year. Operating income increased 10.1% to $129.9 million, while adjusted operating income decreased 4.4% to $196.7 million. Earnings per share rose 46.9% to $0.47, and adjusted EPS fell 4.1% to $0.93. The company generated $143.5 million in operating cash flow and $98.4 million in free cash flow. Sensata completed a $500 million senior notes issuance and repaid approximately $700 million in bonds. For Q3 2024, Sensata expects revenue between $970-$1,000 million and adjusted EPS of $0.82-$0.88.
Sensata Technologies (NYSE: ST), an industrial technology company specializing in sensor-rich solutions, has announced its Q3 2024 dividend. The company's Board of Directors has approved a quarterly dividend of $0.12 per share, maintaining the same payout as previous quarters. This dividend will be paid on August 28, 2024, to shareholders of record as of August 14, 2024.
The consistent dividend payout demonstrates Sensata's commitment to returning value to shareholders and may indicate stability in the company's financial position. However, investors should consider the dividend amount in relation to the company's overall financial performance and growth prospects.
Sensata Technologies (NYSE: ST) has announced the release date for its second quarter 2024 financial results. The company will disclose its Q2 2024 results on Monday, July 29, 2024, at 4:00 p.m. Eastern Time. Following the release, Sensata will host a live conference call and webcast at 4:30 p.m. Eastern Time to discuss the results and business performance.
Investors can access the webcast and subsequent replay on Sensata's investor relations website. For those preferring to listen via telephone, the call can be accessed by dialing 1-844-784-1726 or 1-412-380-7411. A replay of the call will be available until August 5, 2024, accessible by dialing 1-877-344-7529 or 1-412-317-0088 with the confirmation code: 2870913.
