Welcome to our dedicated page for Sensata Tech news (Ticker: ST), a resource for investors and traders seeking the latest updates and insights on Sensata Tech stock.
Sensata Technologies Holding plc reports recurring developments for a global industrial technology business that supplies mission-critical sensors, electrical protection components and sensor-rich solutions. Its news commonly covers financial results, dividend approvals, reporting-segment changes and business performance across automotive, heavy vehicle and off-road, industrial, aerospace, defense and commercial equipment markets.
Company updates also include product launches tied to electrification and high-voltage protection, such as FaultBreak contactors and the STEV high-voltage contactor series for battery electric and plug-in hybrid vehicles. Other recurring themes include operational restructuring, free cash flow, balance sheet actions and customer demand in transportation and industrial end markets.
Sensata Technologies has announced its acquisition of Dynapower Company for $580 million in cash, aiming to enhance its Clean Energy Solutions portfolio. Dynapower, known for its energy storage and power conversion systems, is expected to generate over $100 million in annual revenue in 2022 with an EBITDA margin of 20%. This acquisition is crucial for Sensata to achieve its goal of $2 billion in Electrification revenue by 2026. The transaction is anticipated to complete in early Q3 2022.
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.
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.