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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) 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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