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 (NYSE: ST) has appointed Daniel L. Black to its Board of Directors, enhancing the board's expertise in finance and corporate governance. Black is a Managing Partner at The Wicks Group and brings extensive experience from his 21-year tenure at BNY Capital Markets. He will serve on several board committees, contributing to the company's strategy. Additionally, Thomas Wroe will retire as a board member after over a decade of service, aligning with planned succession. This transition aims to strengthen shareholder value and ensure strategic continuity.
Sensata Technologies (NYSE: ST) announced its Q3 2020 results, reporting revenue of $788.3 million, down 7.2% from $849.7 million in Q3 2019, but up 36.7% from Q2 2020. Operating income decreased to $126.8 million (16.1% of revenue) from $146.1 million (17.2% of revenue) year-over-year. EPS rose to $0.49, an 11.4% increase from $0.44 in Q3 2019. Adjusted EPS was $0.66, down 26.7% year-over-year. Sensata projects Q4 revenue between $810-$850 million and adjusted EPS of $0.64-$0.72. Cost-saving measures are expected to yield $60-$65 million in 2021.
Sensata Technologies (NYSE: ST) announced it will disclose its Q3 2020 financial results on October 27, 2020, at 6:00 a.m. ET. A live conference call and webcast will follow at 8:00 a.m. ET to discuss the results and business trends. Investors can access the call via telephone or through the company's investor relations webpage. Sensata, a leader in sensing and power management solutions, operates in 11 countries, delivering products across various applications including automotive and industrial sectors.
Sensata Technologies announced the pricing of $750 million in 3.750% senior notes due 2031, set to close on August 17, 2020. The notes are guaranteed on a senior unsecured basis by Sensata Technologies B.V. and its wholly-owned subsidiaries, ranking equally with existing senior unsecured indebtedness. Proceeds will be used to repay approximately $400 million in revolving borrowings, cover fees related to the offering, and for general corporate purposes, including potential redemption of 6.250% senior notes due 2026. This offering is made to qualified institutional buyers and non-U.S. persons only.
Sensata Technologies plans to offer $750 million in senior notes due 2031, exempt from Securities Act registration. The notes will be guaranteed by Sensata Technologies B.V. and its subsidiaries. Proceeds will repay approximately $400 million of revolving borrowings, cover fees related to the offering, and for general corporate purposes. The offering targets qualified institutional buyers and non-U.S. persons outside the U.S. The announcement emphasizes an effort to enhance financial flexibility, while also noting the offering is subject to market conditions and certain risks.
Sensata Technologies (NYSE: ST) reported financial results for Q2 2020, revealing a revenue decline of 34.8% to $576.5 million from $883.7 million in Q2 2019. The company experienced an operating loss of $1.9 million, contrasting with an operating income of $147.4 million in the previous year. Loss per share was $(0.27), down from earnings of $0.45 in Q2 2019. Despite challenges, Sensata secured over $225 million in new business awards and achieved free cash flow of $114 million. The company withdrew its financial guidance for 2020 amid COVID-19 uncertainties but forecasts Q3 revenue between $675-$705 million.
Sensata Technologies (NYSE: ST) will release its Q2 2020 financial results on July 28, 2020, at 6:00 a.m. ET. A live conference call and webcast will follow at 8:00 a.m. ET to discuss the results and business trends. Interested investors can access the call by dialing 1-844-784-1726 or 1-412-380-7411. A replay will be available until August 4, 2020. Sensata offers a wide range of solutions for various applications, improving safety and efficiency globally.
On June 1, 2020, Sensata Technologies (NYSE: ST) announced that CEO Jeffrey Cote will present at the Stifel 2020 Virtual Cross Sector Insight Conference. The event is scheduled for June 8 at 3:20 p.m. ET. A live audio webcast of the presentation will be accessible on the company's investor relations website. Sensata Technologies specializes in industrial technology, providing sensor-based solutions and customized products for various industries, including automotive and aerospace, with over 21,000 employees worldwide.
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