Sensata Tech Stock Price, News & Analysis

Sensata Technologies (NYSE: ST) has introduced a new Brake Pedal Force Sensor for electromechanical brake systems, enhancing vehicle safety and performance. This sensor actively captures driver intent before pedal movement, improving braking response time by over 10ms and reducing stopping distance. It withstands forces up to 600N, meets ASIL C safety standards, and operates at temperatures up to 140°C. The sensor supports various braking architectures, emphasizing its versatility for hybrid and electric vehicles.

Sensata Technologies (NYSE: ST) announced the launch of its Lithium Balance n3-BMS, a new Battery Management System (BMS) certified for functional safety. This system supports applications with power ratings up to 1000 volts and 2000 amps, reducing time to market and costs associated with ISO 26262 certification. The n3-BMS features a customizable software structure, enabling developers to integrate their own code while maintaining certification. Sensata will showcase the n3-BMS at the Battery Show North America from September 13 to 15, 2022, in Novi, Michigan.

Sensata Technologies (NYSE: ST) announced plans to fully redeem $500 million of its 4.875% Senior Notes due 2023. The redemption is scheduled for September 28, 2022, at a price of 100% of the principal amount plus accrued interest. All registered holders will receive a notice of redemption from The Bank of New York Mellon, the trustee for the Notes. This strategic move may reflect the company's effort to manage debt effectively while continuing its focus on creating innovative industrial technology solutions.

Sensata Technologies Holding plc (NYSE: ST) announced a private offering of $500 million senior notes with a 5.875% interest rate due in 2030. The notes are priced at par and are expected to close on August 29, 2022. They will be guaranteed by all wholly owned subsidiaries involved in Sensata's senior credit facilities and existing notes. Proceeds will be used to repay existing debt, specifically the 4.875% senior notes due in 2023. The offering is exempt from registration under the Securities Act, targeting qualified institutional buyers and non-U.S. persons.

Sensata Technologies (NYSE: ST) announced plans to offer $500 million in senior notes through its subsidiary, Sensata Technologies B.V. The offering will be exempt from registration under the Securities Act. The notes will be guaranteed by the Issuer's wholly owned subsidiaries and will rank equally with existing senior indebtedness. Proceeds will be used to redeem existing 4.875% senior notes due 2023. The offering is aimed at qualified institutional buyers and non-U.S. persons. This press release serves informational purposes and does not constitute an offer to sell the notes.

Sensata Technologies (NYSE: ST) reported record revenue of $1,020.5 million for Q2 2022, a 2.8% increase from Q2 2021. Despite market challenges, organic revenue growth outpaced market trends by 650 basis points. Operating income fell by 15.7% to $138.9 million, while earnings per share dropped 69% to $0.22. Adjusted EPS was $0.83, down 12.6%. The company issued guidance for Q3 2022 revenue between $980 to $1,020 million and adjusted EPS of $0.81 to $0.89. Sensata also repurchased shares and announced a quarterly dividend of $0.11 per share.

Sensata Technologies (NYSE: ST) has announced a quarterly dividend of $0.11 per share, set to be paid on August 24, 2022. This payment is designated for shareholders recorded as of August 10, 2022. The company remains committed to delivering value through its extensive range of sensor-rich solutions aimed at enhancing efficiency and connectivity in various sectors including automotive and aerospace.

Sensata Technologies (NYSE: ST) has developed a new fly-by-wire inceptor for electric vertical take-off and landing (eVTOL) aircraft, supplying prototypes to several advanced air mobility manufacturers.

The company will showcase this innovation at the Farnborough International Airshow from July 18-22, located in Hall 4, Booth 4138 in the United Kingdom.

Sensata Technologies (NYSE: ST) has successfully acquired Dynapower Company LLC for $580 million in cash. Dynapower specializes in energy storage and power conversion solutions, essential for renewable energy generation, electric vehicle charging, and industrial applications. This acquisition strengthens Sensata's portfolio, enhancing its capabilities in mission-critical power solutions for fast-growing sectors. CEO Jeff Cote highlights the strategic importance of Dynapower in accelerating their Electrification growth vector, while Dynapower’s CEO Adam Knudsen emphasizes the potential for driving innovation in clean energy.