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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) reported its Q1 2023 financial results, achieving revenue of $998.2 million, a 2.3% increase compared to Q1 2022. This revenue reflects a 4.7% organic growth rate, despite adverse impacts from foreign currency fluctuations. The company reported operating income of $148.8 million, up 18.2% year-over-year, and earnings per share at $0.56, a remarkable 300% increase from the previous year's $0.14. Adjusted EPS rose to $0.92, a 17.9% increase. Sensata's operating cash flow improved to $96.9 million from $47.4 million a year earlier. The company repaid $250 million of its term loan, aligning with capital deployment priorities. For Q2 2023, Sensata expects revenue between $1,000 million and $1,040 million and adjusted EPS between $0.88 and $0.98.
Sensata Technologies (NYSE: ST) will release its Q1 2023 financial results on April 25, 2023, at 6:00 a.m. ET. The company's Board of Directors has also approved a quarterly dividend of $0.12 per share, payable on May 24, 2023, to shareholders of record by May 10, 2023. After the results announcement, Sensata will host a live conference call on April 25 at 8:00 a.m. ET, available via a webcast and telephone access. The replay will be accessible until May 2, 2023.
Sensata operates globally with over 21,000 employees, focusing on electrified and connected solutions for various industries including automotive and aerospace.
Sensata Technologies (NYSE:ST) reported its fourth quarter and full year 2022 financial results, achieving record revenue of $4.0 billion for the year, a 5.5% increase year-over-year. The company noted 10.0% organic revenue growth in Q4, driven by over $1 billion in new business wins. However, adjusted earnings per share fell by 4.5% to $3.40. Operating cash flow for 2022 was $460.6 million, down from $554.2 million the previous year. For Q1 2023, Sensata expects revenues between $950 million to $1 billion and adjusted EPS of $0.81 to $0.91. Notably, it has discontinued full-year financial guidance, focusing instead on quarterly updates.
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