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 announced that its Board of Directors has approved a quarterly dividend of $0.12 per share for the first quarter of 2025. The dividend will be paid on February 26, 2025, to shareholders who are on record as of February 12, 2025.
Sensata Technologies (NYSE: ST) has announced it will release its fourth quarter and full year 2024 financial results on Tuesday, February 11, 2025, at approximately 4:05 p.m. Eastern Time. The company will host a live conference call and webcast at 4:30 p.m. Eastern Time on the same day to discuss results and business performance.
Investors can access the webcast through Sensata's investor relations website and participate in the earnings call by dialing 1-844-784-1726 or 1-412-380-7411. A replay will be available until February 18, 2024, accessible by dialing 1-877-344-7529 or 1-412-317-0088 with confirmation code: 9019340.
Sensata Technologies (NYSE: ST) has announced equity awards for its incoming CEO Stephan von Schuckmann, effective January 1, 2025. The compensation package includes two sets of restricted stock units (RSUs) covering 16,424 and 106,752 ordinary shares, and two performance-based restricted stock units (PRSUs) covering 20,073 and 130,475 shares.
The RSUs will vest in three equal installments over three years, subject to continued employment. The first RSU award includes immediate vesting upon involuntary termination without cause or voluntary termination for good reason. The PRSU vesting terms and performance criteria will be established by Sensata's Compensation Committee before April 1, 2025, aligned with senior executive compensation plans.
Sensata Technologies (NYSE: ST) has appointed Stephan von Schuckmann as its new Chief Executive Officer, effective January 1, 2025. Von Schuckmann brings over 20 years of global automotive and industrials experience, most recently serving as Board Member at ZF Group where he led the electric mobility division with annual revenue exceeding $12 billion. He also oversaw Asia Pacific operations and global procurement.
The appointment follows a thorough search process by Sensata's Board of Directors, who unanimously approved von Schuckmann's selection. Martha Sullivan, who served as interim CEO, will continue on the Board and act as a special advisor during the transition. Von Schuckmann will also join Sensata's Board of Directors upon assuming his role.
Sensata Technologies (NYSE: ST) reported Q3 2024 financial results with revenue of $982.8 million, down 1.8% year-over-year. The company posted an operating loss of $199.2 million, including $150 million in goodwill impairment related to Dynapower business and $141 million loss on the sale of Insights business. Adjusted operating income was $188.4 million with 19.2% margin. Loss per share was $0.17, while adjusted EPS was $0.86.
For Q4 2024, Sensata expects revenue of $870-900 million and adjusted EPS of $0.71-0.76, reflecting impacts from the Insights business sale, product exits, and reduced automotive production expectations.
Sensata Technologies (NYSE: ST) has announced its Board of Directors' approval of a quarterly dividend of $0.12 per share for the fourth quarter 2024. The dividend will be paid on November 27, 2024, to shareholders recorded as of November 13, 2024. Sensata Technologies operates as a leading industrial technology company, specializing in sensor-rich solutions for its customers.
Sensata Foundation has announced its 2024-2025 grant recipients, with a record distribution of $615,000 to 50 qualifying US-based nonprofits. This marks a significant increase from last year's $375,000 distribution. The grants will support organizations focused on STEM education and strengthening local communities where Sensata has a presence. The Foundation, which has awarded over $1.5 million in grants since its 2017 inception, includes both longstanding partners and 13 first-time grantees. The increased funding was made possible through employee contributions that unlocked additional funding from Sensata Technologies.
Sensata Technologies (NYSE: ST) has announced that it will release its third quarter 2024 financial results on Monday, November 4, 2024, at approximately 4:00 p.m. Eastern Time. The company will host a live conference call and webcast at 4:30 p.m. Eastern Time on the same day to discuss the results and business performance.
Investors can access the webcast and subsequent replay on Sensata's investor relations website. Additionally, the earnings call can be listened to live via telephone by dialing 1-844-784-1726 or 1-412-380-7411 and referencing the Sensata Technologies Q3 2024 Financial Results Conference Call. A replay of the call will be available until November 11, 2024, accessible by dialing 1-877-344-7529 or 1-412-317-0088 and entering confirmation code: 1693084.
Sensata Technologies (NYSE: ST) has unveiled its innovative Digital Inceptor for Advanced Air Mobility (AAM) and Urban Air Mobility (UAM) applications at NBAA BACE 2024. The lightweight, modular inceptor features a compact multi-axis design with advanced RVDT sensor technology, offering flexible signal outputs and high reliability.
Key features include:
- Weight-optimized design: three-axis models weigh less than 3.175 kg
- Single-point of failure mitigation
- Redundant load paths and jam-resistant features
- Flexible signal outputs in analog or digital formats
- Options for redundant sensors
- Successful completion of RTCA/DO-160 EMI testing
The Digital Inceptor is part of Sensata's broader cockpit control portfolio, designed to support various applications including air taxis and cargo delivery in modern air mobility.
Balmoral Funds has acquired Sensata Technologies' (NYSE: ST) Insights business unit, rebranding it as Xirgo Technologies. This move positions Xirgo as an independent leader in IoT solutions, ready for accelerated growth. Chris Wolfe, an IoT industry veteran, has been appointed CEO of Xirgo Technologies.
Xirgo is known for its advanced IoT solutions, including vehicle and asset telematics hardware, AI driver cameras, and enterprise-class software. The company serves over 900 global channel partners, deploying more than 1.6 million devices annually. Balmoral Funds plans to invest significantly in Xirgo's operations, focusing on R&D, market expansion, and maintaining high-quality customer service.