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Sensata Technologies Holding plc - ST STOCK NEWS

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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.

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Sensata Technologies announced its financial results for Q3 2023, reporting a decrease in revenue of 1.7% compared to the same period last year. Operating income decreased by 54.0%, primarily due to a one-time gain in the previous year. Earnings per share decreased by 54.9%. However, adjusted earnings per share increased by 7.1%. Sensata generated $138.9 million of operating cash flow and $87.2 million of free cash flow in Q3 2023. For the nine months ended September 30, 2023, revenue increased by 1.6% and operating income decreased by 26.0%. Earnings per share increased by 3.2%, while adjusted earnings per share increased by 14.3%. Sensata repaid its variable rate Term Loan and returned approximately $53.4 million to shareholders through its quarterly dividend. The company adjusted its Q4 2023 guidance due to the UAW strike, expecting revenue of $950 to $1,000 million and adjusted EPS of $0.79 to $0.89.
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Sensata Technologies announced that Brian K. Roberts has been named as the new CFO, succeeding Paul Vasington who will retire. Brian will assume leadership of all global financial activities. Brian brings decades of finance and leadership experience, including as CFO at Insulet Corporation and Digitas, Inc. Sensata will conduct a conference call to discuss its Q3 2023 financial results and outlook for Q4 2023.
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Sensata Technologies has launched the Sensata Resonix™ RGD sensor, the first leak detection sensor with UL certification for multiple A2L refrigerant gases used in HVAC equipment. The sensors support HVAC manufacturers' transition to refrigerants with lower global warming impact.
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Sensata Technologies (NYSE: ST) announces quarterly dividend of $0.12 per share, payable on November 22, 2023.
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Sensata Technologies releases PreView Sentry®79 blind spot monitoring radar for heavy vehicles
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Sensata Technologies announces participation in NBAA BACE 2023 to showcase its Electrified Flight Portfolio
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Sensata Technologies to disclose Q3 2023 financial results
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Sensata Technologies reaffirms Q3 guidance and provides Q4 guidance. Implements cost reduction plan with expected savings of $40-50 million annually. Expects charges of $16-20 million in Q3. Financial guidance for Q3 shows a decrease in revenue and adjusted net income. Announces new $500 million share repurchase authorization.
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Sensata Technologies launches GTM400 and GTM500 bidirectional contactors for high-power applications up to 1500 Vdc and 400A/500A. The contactors offer increased current carry capability, best-in-class break performance, advanced arc suppression performance, and unmatched short circuit performance. They also have a significant performance/cost ratio compared to other technologies. The contactors feature glass-to-metal seals (GTMS), an industry first in contactor design. Sensata plans to expand the GTM product family for lower power applications in the future. Sensata will showcase its mission-critical solutions and components at the Battery Show North America.
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Sensata Technologies added to S&P MidCap 400 Index, reflecting progress and potential
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FAQ

What is the current stock price of Sensata Technologies Holding plc (ST)?

The current stock price of Sensata Technologies Holding plc (ST) is $31.89 as of November 22, 2024.

What is the market cap of Sensata Technologies Holding plc (ST)?

The market cap of Sensata Technologies Holding plc (ST) is approximately 4.7B.

What does Sensata Technologies specialize in?

Sensata Technologies specializes in sensing, electrical protection, control, and power management solutions for various markets including automotive, industrial, and aerospace.

Where is Sensata Technologies headquartered?

Sensata Technologies is headquartered in Attleboro, MA, USA.

How many employees does Sensata Technologies have?

Sensata Technologies employs over 17,000 people worldwide.

What industries does Sensata Technologies serve?

Sensata serves a wide range of industries including automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning, ventilation, data, telecommunications, recreational vehicle, and marine markets.

What types of sensors does Sensata Technologies produce?

Sensata produces a variety of sensors including pressure, temperature, force, and position sensors.

What is the primary market for Sensata Technologies' products?

The primary market for Sensata's products is the automotive industry.

What is Sensata Technologies' estimated business value?

Sensata Technologies is valued at approximately $2.4 billion.

How many countries does Sensata Technologies operate in?

Sensata Technologies operates in 16 countries.

What is Sensata Technologies' approach to innovation?

Sensata Technologies focuses on local decision-making and developing innovative, complex products that make a real difference.

How does Sensata Technologies contribute to environmental cleanliness?

Sensata Technologies designs and manufactures devices that enhance energy efficiency and help create a cleaner environment.

Sensata Technologies Holding plc

NYSE:ST

ST Rankings

ST Stock Data

4.71B
148.10M
0.97%
106.68%
1.83%
Scientific & Technical Instruments
Industrial Instruments for Measurement, Display, and Control
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United States of America
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