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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 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.
Sensata Technologies (NYSE: ST) has announced a quarterly dividend of $0.11 per share, scheduled for payment on May 25, 2022, to shareholders of record as of May 11, 2022. With over $1.6 billion in cash and strong free cash flow expectations, the company aims to return capital to shareholders alongside pursuing growth through acquisitions in Electrification and IoT sectors. This marks a strategic move to enhance shareholder value while positioning the company for future growth.
Sensata Technologies has announced its acquisition of Dynapower Company for
Sensata Technologies (NYSE: ST) unveiled the Sensata IQ platform, a new asset health monitoring solution designed to minimize unplanned downtime in manufacturing settings. This cloud-based platform offers an affordable, user-friendly way to monitor equipment using AI and provides actionable insights based on data from Sensata and third-party IoT devices. The platform enables factory managers to receive timely alerts about equipment health, optimizing maintenance strategies and reducing costs. The initiative aims to broaden monitoring beyond critical assets, addressing the unmonitored 85% of plant floor equipment.
Sensata Technologies (NYSE: ST) is set to disclose its first quarter 2022 financial results on April 26, 2022, at 6:00 a.m. Eastern Time. Following this, a live conference call and webcast will occur at 8:00 a.m. Eastern Time to discuss the results and business performance. Investors can access the call via telephone or through the investor relations page on Sensata's website. The company has a strong history of providing sensor-based solutions across various industries, including automotive and aerospace.
Sensata Technologies (NYSE: ST) has announced a collaboration with NIRA Dynamics to launch a new tire Tread Depth Monitoring (TDM) solution, leveraging advanced software technology. This system provides timely alerts to OEMs, drivers, and fleets when tires reach unsafe wear levels, enhancing vehicle safety and maintenance. The TDM is designed to integrate seamlessly with existing Electronic Control Units (ECUs), allowing for rapid implementation across various platforms without custom development. This innovation combines Sensata’s sensor expertise with NIRA Dynamics’ software capabilities.
Sensata | Xirgo has launched the OTAC (Over the Air Charging) Tracker Solution, aimed at enhancing asset tracking for fleet operators and large retailers with shipping yards. This innovative solution, in collaboration with Ossia, allows simultaneous charging and storage of up to 400 asset trackers, eliminating the need for wires. The product has received the 'HDT Top 20 Products' award from Heavy Duty Trucking magazine for its innovation and potential to improve operational efficiency. The award was presented at the TMC Annual Meeting in Orlando, Florida.
Sensata Technologies (NYSE: ST) announced the acquisition of Elastic M2M Inc., a leader in IoT analytics for operational assets. Elastic M2M's cloud platform enables telematics service providers to leverage advanced sensor-based insights for improved decision-making across various sectors including transportation and logistics. The acquisition enhances Sensata's capabilities, following previous purchases like Xirgo Technologies and SmartWitness, and aims to bolster data solutions for fleet operators and asset owners. Financial details weren't disclosed.
Sensata Technologies (NYSE: ST) has announced a rescheduling of its webcast on the Electrification growth initiative due to technical challenges. The updated session will take place on February 22, 2022, at 1:00 pm Eastern Time. The company aims to highlight key market drivers and applications related to its electrification strategy. Stakeholders can access the webcast through a provided link, and a replay will be available on Sensata's investor relations page.
Sensata Technologies (NYSE: ST) has announced that its Tire Pressure Monitoring Systems (TPMS) are now being used by multiple commercial tractor and trailer manufacturers globally. This demand for TPMS aligns with the rising safety regulations in Europe and China, as well as new standards in the US concerning greenhouse gas emissions and fuel efficiency. Sensata’s TPMS, specifically tailored for commercial vehicles, enhances safety and efficiency by monitoring tire pressure and temperature, aiming to reduce roadside incidents and improve fuel economy.
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