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 (NYSE: ST) generates a steady flow of news as a global industrial technology company focused on mission-critical sensors, electrical protection components, and sensor-rich solutions. This news page aggregates coverage related to the company’s operations, financial performance, capital structure, product launches, and corporate initiatives.
Investors and followers of ST can find updates on quarterly financial results, where Sensata reports revenue, operating income or loss, earnings per share, cash flow, and a range of non-GAAP metrics such as adjusted operating income, adjusted EPS, free cash flow, and organic revenue growth. These releases often include management commentary on business performance and outlook, as well as information on dividends and share repurchases.
The news feed also highlights capital markets and financing activities, including announcements of cash tender offers by Sensata’s subsidiaries for outstanding senior notes and amendments to its credit facility. Such items provide insight into how the company manages its debt, liquidity, and balance sheet flexibility.
From an operational and technology perspective, Sensata’s news includes product and portfolio developments, such as the launch of the STEV series high-voltage contactors for battery electric and plug-in hybrid vehicles. These stories illustrate the company’s role in electrified transportation and its focus on safety, efficiency, and high-voltage protection in modern vehicle platforms.
Additional coverage may feature leadership and governance changes, including appointments of senior executives and related employment agreements, as well as corporate responsibility and community engagement through the Sensata Technologies Foundation and its STEM and community-focused grants. Bookmark this page to follow the full range of ST news, from earnings and capital allocation decisions to technology introductions and philanthropic activities.
Sensata Technologies (NYSE: ST), an industrial technology company specializing in sensor-rich solutions, has announced its Q3 2024 dividend. The company's Board of Directors has approved a quarterly dividend of $0.12 per share, maintaining the same payout as previous quarters. This dividend will be paid on August 28, 2024, to shareholders of record as of August 14, 2024.
The consistent dividend payout demonstrates Sensata's commitment to returning value to shareholders and may indicate stability in the company's financial position. However, investors should consider the dividend amount in relation to the company's overall financial performance and growth prospects.
Sensata Technologies (NYSE: ST) has announced the release date for its second quarter 2024 financial results. The company will disclose its Q2 2024 results on Monday, July 29, 2024, at 4:00 p.m. Eastern Time. Following the release, Sensata will host a live conference call and webcast at 4:30 p.m. Eastern Time to discuss the results and business performance.
Investors can access the webcast and subsequent replay on Sensata's investor relations website. For those preferring to listen via telephone, the call can be accessed by dialing 1-844-784-1726 or 1-412-380-7411. A replay of the call will be available until August 5, 2024, accessible by dialing 1-877-344-7529 or 1-412-317-0088 with the confirmation code: 2870913.
Sensata Technologies (NYSE: ST) has appointed Phillip Eyler to its Board of Directors effective April 29, 2024. Eyler, currently the CEO of Gentherm, brings over 30 years of experience in engineering, operations, and business, primarily in the automotive industry. He will also join the CEO Search Committee and the Nominating and Governance Committee starting July 1, 2024. Eyler’s previous roles include leading Harman International's Connected Car division and working for Siemens His educational background includes a bachelor's in mechanical engineering from Purdue University and an MBA from Duke University.
Sensata Technologies (NYSE: ST) has released its fourth annual 'Powering Possibilities Together' Sustainability Report for 2023. The report highlights substantial achievements in renewable energy sourcing, diversity, and supplier engagement. Total renewable energy consumption nearly doubled compared to 2022, and significant strides were made in female and racial/ethnic diversity representation in managerial roles. Sensata's Conflict Minerals Campaign exceeded its 2026 goal ahead of schedule with a 78% supplier response rate. Prepared in reference to GRI 2021 Standards, SASB framework, and TCFD, the report outlines a new target to reduce Scope 1 and 2 emissions by 45% by 2030 from a 2021 baseline.
Other notable updates include the formation of two new Employee Resource Groups focused on veterans and people with disabilities, increasing the total to nine. Sensata remains committed to sustainability, aligning with its purpose to help customers deliver a cleaner, more efficient, and connected world.
Sensata Technologies (NYSE: ST) has launched the SGX Series contactors, including SGX150, SGX250, and SGX400 models, which can handle applications up to 1000V and 150/250/400 Amps, respectively. These contactors are designed for use in Automated Guided Vehicles (AGVs), forklifts, residential energy storage systems, and DC fast charging applications. Key features include a hermetically sealed square form factor, ceramic to metal weld technology, and gas backfilled primarily with hydrogen for low contact resistance. The SGX Series will be showcased at The Battery Show Europe in Stuttgart, Germany, from June 18-20, 2024. The series complies with IEC 60664-1 and RoHS standards and is expected to receive UL certification by early Q3 2024.
Sensata Technologies Holding, listed on NYSE as ST, has announced that its subsidiary, Sensata Technologies B.V., will redeem all $700 million of its 5.000% Senior Notes due 2025. The redemption is set for July 15, 2024, at a price equal to 100% of the principal amount plus an applicable premium and accrued interest up to the redemption date. The notice of redemption will be issued by The Bank of New York Mellon, the trustee for the notes. This action aims to settle the outstanding debt within the specified timeline.
Sensata Technologies Holding announced that its subsidiary, Sensata Technologies, Inc., plans to offer $500 million in senior notes in a private offering exempt from registration under the Securities Act of 1933. These notes will be guaranteed on a senior unsecured basis by Sensata Technologies B.V. and its wholly-owned subsidiaries. The notes rank equally with the issuer's existing senior debt but are junior to secured debt. Proceeds will be used, along with cash on hand, to redeem Sensata Technologies B.V.’s 5.000% senior notes due October 2025, expected in July 2024. The offering targets qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. This announcement does not constitute an offer to sell the notes in any jurisdiction where such an offer is unlawful.
Sensata Technologies (NYSE: ST) held its annual Day of Service in the US on May 9, 2024, engaging nearly 550 employees in 36 service projects with 28 nonprofits. This initiative, part of the Sensata Serves volunteer program, encourages community involvement and celebrates volunteerism. Employees participated in various activities, including packing food, assembling STEM kits, sorting books, and conducting cleaning and landscaping projects. In 2023, 45% of US employees volunteered over 6,500 hours. Sensata's philanthropic arm, Sensata Foundation, helps create service projects, fostering strong community relationships.
Sensata Technologies' GigaFuse for Battery Electric Vehicles (BEVs) has won the 2024 Automotive News PACE Award, recognizing its innovation and contribution to safety and energy management. The GigaFuse addresses critical protection challenges, enhances architecture flexibility for OEMs, and helps reduce development time for automotive manufacturers to meet emissions targets.
Sensata Technologies Holding plc announced that CEO Jeff Cote will retire and be replaced by Martha Sullivan as interim CEO. Phillip Eyler joins the Board. The company forms a CEO search committee and enters cooperation agreements with Elliott. Martha Sullivan praised for her qualifications, and Phillip Eyler's appointment welcomed. Elliott expresses confidence in Sensata's future value creation. Sensata enters Cooperation and Information Sharing Agreements with Elliott. Sensata positions itself for a bright future in an electrified world.