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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 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.
Sensata Technologies (NYSE: ST) will host a Teach-In on its Electrification growth initiative on February 22, 2021, at 10:30 a.m. ET. This event will highlight key products, applications, and market drivers associated with the electrification megatrend, which aims to enhance growth across various end markets. Attendees can access the webcast and its replay via the investor relations page of Sensata’s website. Sensata has over 19,000 employees and operates in 13 countries, providing sensor-based solutions to industries such as automotive, aerospace, and heavy vehicles.
Sensata Technologies (NYSE: ST) reported its Q4 and full-year 2021 financial results, achieving record annual revenue of $3,820.8 million, up 25.5% year-over-year. Q4 revenue reached $934.6 million, a 3.1% increase from Q4 2020, although organic revenue declined by 0.9%. Adjusted EPS for FY 2021 was $3.56, growing 61.1% from the previous year. However, Q4 earnings per share fell by 9.1% to $0.70. The company anticipates FY 2022 revenue between $4,125 million and $4,275 million, with adjusted EPS expected to range from $3.80 to $4.06.
Quanergy Systems has reported significant advancements since its merger announcement with CITIC Capital Acquisition Corp (CCAC) in June 2021. The company achieved an industry-first 200-meter OPA range milestone and exceeded revenue guidance for 2021 with a 32% sequential growth from Q3. Customer count grew to nearly 400, and units shipped increased by more than 50% from Q3 to Q4. The average deal size also expanded, with eight deals exceeding $150k in Q4. Overall, Quanergy is poised for growth as it expands its smart LiDAR solutions.
Sensata Technologies (NYSE: ST) has authorized a new share repurchase program worth $500 million, replacing the previous program which had $254 million remaining as of December 31, 2021. This initiative reflects the company’s confidence in its financial outlook and ability to generate strong free cash flow. CEO Jeff Cote emphasized the program's role in enhancing shareholder value while pursuing mergers and acquisitions to bolster growth. The repurchase may take place under various market conditions and could be suspended at any time.
Sensata Technologies (NYSE: ST) will announce its fourth quarter 2021 financial results on February 1, 2022, at 6:00 a.m. ET. A live conference call will follow at 8:00 a.m. ET to discuss the results and business trends. Investors can access the live call via phone or through the company’s investor relations website. A replay will be available until February 8, 2022. Sensata has over 19,000 employees and specializes in sensor-based solutions for various industries, emphasizing safety, efficiency, and connectivity in their products.
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