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 (NYSE: ST) will release its third quarter 2021 financial results on Tuesday, October 26, 2021, at 6:00 a.m. Eastern Time. A live conference call will follow at 8:00 a.m. Eastern Time to discuss these results and business trends. Investors can join via telephone or through a webcast on the company's investor relations page. A replay of the call will be available until November 2, 2021. Sensata is a leader in industrial technology, providing sensor solutions across various industries for over 100 years.
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Sensata Technologies (NYSE: ST) will unveil its new i-BMS Battery Management System for electrified applications at the Battery Show North America in Novi, Michigan, from September 14-16. The i-BMS, developed by Lithium Balance, is designed for 2- and 3-wheelers, automated guided vehicles, and robotics, featuring advanced safety and performance capabilities. Sensata will also showcase various sensing and control solutions aimed at enhancing the safety and efficiency of energy systems. This event marks a significant step in Sensata's electrification strategy.
Sensata Technologies (NYSE: ST) has announced its acquisition of Spear Power Systems, a leader in lithium-ion energy storage solutions, enhancing its electrification portfolio. Founded in 2013, Spear specializes in scalable battery systems for demanding applications, offering a cell-agnostic approach with high energy density and reliability. The acquisition is anticipated to create significant growth opportunities in clean energy markets. The transaction is subject to regulatory approval and is expected to close in Q4 2021.
Sensata Technologies (NYSE: ST) announces the launch of its combined business, Sensata | Xirgo, at three major tradeshows in September. The showcases will feature innovative IoT solutions aimed at enhancing operational efficiency in various sectors, including vehicle telematics and asset monitoring. Sensata | Xirgo will exhibit at Home Delivery World in Philadelphia from September 1-2, TMC21 in Cleveland from September 12-16, and The Utility Expo in Louisville from September 28-30. This initiative aims to strengthen customer relationships and drive value creation.
Sensata Technologies (NYSE: ST) reported record revenue of $992.7 million for Q2 2021, marking a 72.2% increase from $576.5 million in Q2 2020. Adjusted EPS rose to $0.95, a 427.8% increase from $0.18. Operating income was $164.8 million, up from an operating loss of $(1.9) million a year ago. For FY 2021, the company updated its revenue guidance to $3.770 - $3.840 billion. Q3 2021 is projected to generate revenue between $920 - $950 million, and adjusted EPS of $0.82 - $0.88. This growth comes amidst challenges in the automotive sector due to semiconductor shortages.
Sensata Technologies (NYSE: ST) will reveal its second quarter 2021 financial results on July 27, 2021, at 6:00 a.m. Eastern Time. Following this, a conference call at 8:00 a.m. will provide insights into the results and business trends. Investors can join the call via telephone or through a webcast available on the company's investor relations page. Sensata, a leading industrial technology company, specializes in sensor-based solutions for various industries, enhancing safety, efficiency, and connectivity in products.
Sensata Technologies (NYSE:ST) has introduced a new power disconnect solution, gaining traction among leading charging infrastructure OEMs for enabling faster and safer DC fast charging. This innovative solution combines contactors and GigaFuses from the Gigavac brand, streamlining installations while enhancing system protection. As electric vehicles transition to higher voltage levels (up to 1,000V and 350kW), the need for safer and more effective charging solutions has risen. Sensata's offerings reduce risk and improve performance, positioning the company as a key player in the electrification market.
Sensata Technologies (NYSE: ST) is set to host a Teach-In on June 2, 2021, at 10:00 a.m. Eastern Time to discuss its Data Insights Initiative, a collaboration with Xirgo Technologies. This initiative combines Sensata's Smart & Connected technology to enhance data-driven insights. Investors and analysts can join via webcast or dial in for real-time Q&A. More details are available on Sensata’s investor relations website.
Sensata Technologies (NYSE: ST) has secured a $15M contract with a major truck OEM for its Power Distribution Units (PDUs) aimed at DC fast charging of electric trucks. The contract spans five years and highlights Sensata's innovative technologies, including GigaFuse and Gigavac, crucial for electric vehicle safety. The PDUs support high-voltage electric powertrains and feature advanced cooling designs. The global Electric Commercial Vehicle market is projected to grow at a CAGR of 20% from 2020 to 2030, opening a serviceable market estimated at $1.3B for Sensata.