Sensata Tech Stock Price, News & Analysis

Sensata Technologies (NYSE: ST) announced the pricing of an additional $250 million in 4.000% senior notes due 2029, priced at 100.75%. This offering, exempt from registration under the Securities Act, will close on April 8, 2021, pending customary conditions. The additional notes will consolidate with the previously issued $750 million of senior notes. Sensata intends to use the proceeds for general corporate purposes, including working capital and debt refinancing. The offering is aimed at qualified institutional buyers and will not be registered under the Securities Act.

Sensata Technologies (NYSE: ST) announced plans to offer an additional $150 million in 4.000% senior notes due 2029 through its subsidiary Sensata Technologies B.V. These notes will consolidate with existing notes issued on March 29, 2021. Proceeds will be used for general corporate purposes including working capital, acquisitions, and debt refinancing. The offering targets qualified institutional buyers and will not be registered under the Securities Act. Sensata is a leader in industrial technology, providing sensor solutions across various industries.

Sensata Technologies (NYSE: ST) announced pricing of $750 million in 4.0% senior notes due 2029, set to close on March 29, 2021. The notes, priced at par, will be guaranteed on a senior unsecured basis by the Issuer’s subsidiaries. The proceeds will support general corporate purposes, including working capital, acquisitions, refinancing debt, and share repurchases. The offering is made under exemptions from the Securities Act and targets qualified institutional buyers.

Sensata Technologies plans to offer $500 million in senior notes through its subsidiary, Sensata Technologies B.V., in a private offering exempt from registration under the Securities Act. The notes will be guaranteed by wholly owned subsidiaries and will rank equally with existing unsecured debts. Proceeds from the offering will be used for general corporate purposes, including working capital, acquisitions, and debt refinancing. The offering is targeted at qualified institutional buyers and non-U.S. persons, with a clear disclaimer that it does not constitute an offer to sell.

Sensata Technologies (NYSE: ST) has acquired Xirgo Technologies for $400 million, reflecting a valuation of approximately 16.0x 2021 EBITDA. Xirgo is expected to generate over $100 million in annual revenue in 2021, with projected growth exceeding 20% in subsequent years. This acquisition supports Sensata’s Smart & Connected initiative, significantly expanding its addressable market to $15 billion by 2030. The deal is anticipated to be accretive to Sensata's adjusted net income per share in 2021 and is expected to close in Q1 2021, subject to regulatory approval.

Sensata Technologies Holding plc (NYSE: ST) will have CEO Jeff Cote and CFO Paul Vasington present at several virtual investor conferences in February 2021. The schedule includes the Goldman Sachs Technology and Internet Conference on February 11 at 8:50 a.m. ET, the Barclays Industrial Select Investor Conference on February 16 at 12:50 p.m. ET, and the Wolfe Investor Conference on February 25 at 11:30 a.m. ET. Live webcasts of the Goldman Sachs and Barclays presentations will be available on Sensata's investor relations website, where replays will also be accessible.

Sensata Technologies announced it intends to redeem all $750 million of its 6.250% Senior Notes due 2026 on March 5, 2021. The redemption price will be 103.125% of the principal amount plus accrued interest. The notice will be sent to registered holders by the trustee, The Bank of New York Mellon Trust Company. This press release serves purely informational purposes and does not constitute an offer to sell or solicit purchases of the Notes.

Sensata Technologies (NYSE: ST) reported fourth quarter revenue of $906.5 million, a 7.1% increase from $846.7 million in Q4 2019. Operating income reached $154.2 million, up 27.7% year-over-year. However, full-year revenue fell by 11.7% to $3,045.6 million compared to 2019. Earnings per share for Q4 rose to $0.77, a 126.5% increase from Q4 2019. Guidance for Q1 2021 is between $875 million and $915 million in revenue, and adjusted EPS of $0.67 to $0.77. The company also generated a record free cash flow of $240 million in Q4.

Sensata Technologies (NYSE: ST) announced the full acquisition of Denmark-based Battery Management System (BMS) provider, Lithium Balance. This acquisition enhances Sensata's electrification strategy and expands its offerings in clean energy markets. Lithium Balance, founded in 2006, specializes in next-generation BMS technologies for lithium-ion batteries. The deal is expected to strengthen Sensata's relationships with original equipment manufacturers (OEMs) and further propel its battery management solutions for industrial applications.