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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 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.
Sensata Technologies (NYSE: ST) has appointed Phillip Eyler to its Board of Directors effective April 29, 2024. Eyler, currently the CEO of Gentherm, brings over 30 years of experience in engineering, operations, and business, primarily in the automotive industry. He will also join the CEO Search Committee and the Nominating and Governance Committee starting July 1, 2024. Eyler’s previous roles include leading Harman International's Connected Car division and working for Siemens His educational background includes a bachelor's in mechanical engineering from Purdue University and an MBA from Duke University.
Sensata Technologies (NYSE: ST) has released its fourth annual 'Powering Possibilities Together' Sustainability Report for 2023. The report highlights substantial achievements in renewable energy sourcing, diversity, and supplier engagement. Total renewable energy consumption nearly doubled compared to 2022, and significant strides were made in female and racial/ethnic diversity representation in managerial roles. Sensata's Conflict Minerals Campaign exceeded its 2026 goal ahead of schedule with a 78% supplier response rate. Prepared in reference to GRI 2021 Standards, SASB framework, and TCFD, the report outlines a new target to reduce Scope 1 and 2 emissions by 45% by 2030 from a 2021 baseline.
Other notable updates include the formation of two new Employee Resource Groups focused on veterans and people with disabilities, increasing the total to nine. Sensata remains committed to sustainability, aligning with its purpose to help customers deliver a cleaner, more efficient, and connected world.
Sensata Technologies (NYSE: ST) has launched the SGX Series contactors, including SGX150, SGX250, and SGX400 models, which can handle applications up to 1000V and 150/250/400 Amps, respectively. These contactors are designed for use in Automated Guided Vehicles (AGVs), forklifts, residential energy storage systems, and DC fast charging applications. Key features include a hermetically sealed square form factor, ceramic to metal weld technology, and gas backfilled primarily with hydrogen for low contact resistance. The SGX Series will be showcased at The Battery Show Europe in Stuttgart, Germany, from June 18-20, 2024. The series complies with IEC 60664-1 and RoHS standards and is expected to receive UL certification by early Q3 2024.
Sensata Technologies Holding, listed on NYSE as ST, has announced that its subsidiary, Sensata Technologies B.V., will redeem all $700 million of its 5.000% Senior Notes due 2025. The redemption is set for July 15, 2024, at a price equal to 100% of the principal amount plus an applicable premium and accrued interest up to the redemption date. The notice of redemption will be issued by The Bank of New York Mellon, the trustee for the notes. This action aims to settle the outstanding debt within the specified timeline.
Sensata Technologies Holding announced that its subsidiary, Sensata Technologies, Inc., plans to offer $500 million in senior notes in a private offering exempt from registration under the Securities Act of 1933. These notes will be guaranteed on a senior unsecured basis by Sensata Technologies B.V. and its wholly-owned subsidiaries. The notes rank equally with the issuer's existing senior debt but are junior to secured debt. Proceeds will be used, along with cash on hand, to redeem Sensata Technologies B.V.’s 5.000% senior notes due October 2025, expected in July 2024. The offering targets qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. This announcement does not constitute an offer to sell the notes in any jurisdiction where such an offer is unlawful.