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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) has developed a new fly-by-wire inceptor for electric vertical take-off and landing (eVTOL) aircraft, supplying prototypes to several advanced air mobility manufacturers.
The company will showcase this innovation at the Farnborough International Airshow from July 18-22, located in Hall 4, Booth 4138 in the United Kingdom.
Sensata Technologies (NYSE: ST) has successfully acquired Dynapower Company LLC for $580 million in cash. Dynapower specializes in energy storage and power conversion solutions, essential for renewable energy generation, electric vehicle charging, and industrial applications. This acquisition strengthens Sensata's portfolio, enhancing its capabilities in mission-critical power solutions for fast-growing sectors. CEO Jeff Cote highlights the strategic importance of Dynapower in accelerating their Electrification growth vector, while Dynapower’s CEO Adam Knudsen emphasizes the potential for driving innovation in clean energy.
Sensata Technologies (NYSE: ST) will release its Q2 2022 financial results on July 26, 2022, at 6:00 a.m. ET. A conference call to discuss the results will follow at 8:00 a.m. ET, accessible via telephone or webcast. Investors can listen to the call by dialing 1-844-784-1726 or 1-412-380-7411, with a replay available until August 2, 2022. Sensata is a global industrial technology company focused on creating efficient, electrified solutions across markets such as automotive and aerospace.
Sensata Technologies (NYSE: ST) has divested its Qinex semiconductor thermal test and control business to Boyd Corporation for $219 million. This transaction includes a minor secondary closing. The Qinex business, which specializes in semiconductor burn-in test sockets, had been operating predominantly as a standalone entity within Sensata’s Industrials segment. Following the sale, Sensata will manufacture Qinex products for Boyd under a contract for 6 to 12 months. This divestiture aligns with Sensata’s growth strategy, allowing for enhanced focus on Electrification and IoT initiatives.
Boyd, a leader in engineered materials and thermal management, has acquired Sensata’s Thermal Test and Controls Business (NYSE:ST). This acquisition enhances Boyd's portfolio by incorporating advanced thermal control systems crucial for high-end semiconductors. It strengthens Boyd's existing thermal solutions for sectors like 5G, AI, and data centers. The business will operate under the Boyd brand and is expected to boost Boyd's presence in the semiconductor industry. While the acquisition is complete in most regions, approval in Korea is still pending.
Sensata Technologies (NYSE: ST) announced the development of its new Bluetooth Low Energy (BLE) Tire Pressure Monitoring System (TPMS) aimed at enhancing vehicle safety and performance. This innovative system, launching with a leading North American vehicle manufacturer in the first half of 2023, replaces traditional ultra-high frequency radios with BLE technology for two-way communication. The BLE TPMS not only improves user experience with over-the-air updates but also strengthens cybersecurity measures, making it an appealing option in the evolving automotive market.
Sensata Technologies (NYSE: ST) has introduced a new asset monitoring solution designed to enhance predictive maintenance for rotary assets. This solution integrates advanced AI capabilities from Nanoprecise with the Sensata IQ platform to deliver actionable insights. The wireless 6VW multi-modal IoT sensor is easy to install, allowing plant managers to detect early-stage faults and prolong the lifespan of rotary machines. With capabilities to monitor multiple modalities, the sensor aims to reduce unplanned downtime and improve productivity across various industrial applications.
Sensata Technologies (NYSE: ST) has unveiled its new KP2 dashcam, designed to enhance video telematics for commercial fleets. The modular dashcam allows easy upgrades from road-facing to combined road-and-driver-facing setups without rewiring, minimizing labor costs and downtime. It incorporates advanced safety features like ADAS collision alerts and AI-driven event analysis to reduce false reports of unsafe driving. Installation is quick, typically taking just 15 minutes, and the camera captures HD video with a wide field of vision. The KP2 aims to improve safety and operational efficiency for fleet managers.
Sensata Technologies (NYSE: ST) reported Q1 2022 revenue of $975.8 million, up 3.5% YoY, surpassing prior guidance. Operating income decreased 20% to $125.9 million, while adjusted EPS fell 9.3% to $0.78. Sensata initiated a quarterly dividend of $0.11 per share and announced the acquisition of Dynapower for $580 million, enhancing its clean energy portfolio. For Q2 2022, revenue guidance is $990-$1,030 million, with adjusted EPS forecasted at $0.79-$0.87.
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