Sensata Tech Stock Price, News & Analysis

Sensata Technologies (NYSE:ST) reported its fourth quarter and full year 2022 financial results, achieving record revenue of $4.0 billion for the year, a 5.5% increase year-over-year. The company noted 10.0% organic revenue growth in Q4, driven by over $1 billion in new business wins. However, adjusted earnings per share fell by 4.5% to $3.40. Operating cash flow for 2022 was $460.6 million, down from $554.2 million the previous year. For Q1 2023, Sensata expects revenues between $950 million to $1 billion and adjusted EPS of $0.81 to $0.91. Notably, it has discontinued full-year financial guidance, focusing instead on quarterly updates.

Sensata Technologies (NYSE: ST) has announced a quarterly dividend of $0.11 per share, set to be paid on February 22, 2023. Shareholders on record as of February 8, 2023 will receive the dividend. This reflects the company's commitment to returning value to its shareholders, as it continues to strengthen its position in the industrial technology sector. Sensata, with over 21,000 employees and operations in 13 countries, aims to create a cleaner and more connected world through advanced sensor solutions. This dividend showcases the company's confidence in its ongoing financial health and operational efficacy.

Sensata Technologies (NYSE: ST) will report its Q4 2022 financial results on January 31, 2023, at 6:00 a.m. ET. A live conference call will follow at 8:00 a.m. ET, where the company will discuss its business performance. Investors can access the earnings call via telephone or online through the investor relations page. A replay will be available until February 7, 2023. Sensata serves various markets, including automotive, industrial, and aerospace, with over 21,000 employees across 13 countries.

Sensata Technologies (NYSE: ST) has launched its new Sensata INSIGHTS brand, offering end-to-end IoT solutions for logistics, supply chain, and asset management. This launch aims to tackle challenges related to data utilization in the rapidly growing IoT market. Sensata INSIGHTS combines proprietary hardware and software with machine learning capabilities, providing enhanced data quality for strategic decision-making. The new offerings will be showcased at CES 2023 in Las Vegas, demonstrating Sensata's commitment to innovation through recent acquisitions.

Sensata Technologies (NYSE: ST) has announced the development of new Tire Mounted Sensors designed for vehicle and tire OEMs. These sensors are directly attached to a tire's inner liner, offering enhanced safety, fuel efficiency, and vehicle handling. The sensors will launch with a leading tire manufacturer in 2023, facilitating better tire identification and lifetime data continuity. Key benefits include improved safety and tire life, accurate load calculations, and simplified warranty tracking. This innovation aims to significantly enhance driving performance and provide valuable insights for drivers and OEMs.

Sensata Technologies (NYSE: ST) reported third-quarter 2022 revenue of $1,018.3 million, up 7.1% from $951.0 million in Q3 2021. Operating income rose 56.8% to $252.9 million, while EPS increased 71.7% to $0.91. Despite these positive results, adjusted EPS decreased 2.3% to $0.85 due to foreign currency impacts. Sensata’s new business awards for 2022 have already exceeded last year's total, highlighting strong growth momentum. For Q4 2022, revenue guidance is set at $980-$1,020 million, with adjusted EPS anticipated between $0.85 and $0.91.

Sensata Technologies (NYSE: ST) has declared a quarterly dividend of $0.11 per share, set to be paid on November 23, 2022. The record date for shareholders is November 9, 2022. Sensata is an industrial technology company specializing in sensor-rich solutions, serving various sectors including automotive and aerospace with over 21,000 employees globally.