Sensata(ST)

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Here's Why Sensata (ST) is a Strong Momentum Stock
zacks.com· 2024-05-21 14:51
The Style Scores are broken down into four categories: Value Score It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium sto ...
Sensata (ST) is a Top-Ranked Value Stock: Should You Buy?
zacks.com· 2024-05-20 14:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The ...
Sensata(ST) - 2024 Q1 - Earnings Call Transcript
2024-04-30 00:11
Sensata Technologies Holding plc (NYSE:ST) Q1 2024 Results Conference Call April 29, 2024 4:30 PM ET Company Participants Alexia Taxiarchos - VP, Corporate Communications Jeff Cote - CEO, President Brian Roberts - CFO Conference Call Participants Wamsi Mohan - Bank of America Matt Sheerin - Stifel Mark Delaney - Goldman Sachs Christopher Glynn - Oppenheimer Shreyas Patil - Wolfe Research William Stein - Truist Securities Manmohanpreet Singh - JP Morgan Luke Junk - Baird Joe Giordano - TD Cowen Irvin Liu - ...
Sensata(ST) - 2024 Q1 - Quarterly Report
2024-04-29 21:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34652 SENSATA TECHNOLOGIES HOL ...
Sensata(ST) - 2024 Q1 - Quarterly Results
2024-04-29 20:07
SENSATA TECHNOLOGIES REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Swindon, United Kingdom – April 29, 2024 - Sensata Technologies (NYSE: ST), a global industrial technology company and leading provider of sensors, sensor-rich solutions and electrical protection devices used in mission-critical systems that create valuable business insights for customers, today announced financial results for its first quarter ended March 31, 2024. "We are pleased to report a solid start to 2024, with first quarter revenue a ...
Sensata(ST) - 2023 Q4 - Annual Report
2024-02-29 21:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________________________________________________________ FORM 10-K __________________________________________________________________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO ...
Sensata(ST) - 2023 Q4 - Earnings Call Transcript
2024-02-06 20:44
Sensata Technologies Holding plc (NYSE:ST) Q4 2023 Earnings Conference Call February 6, 2024 8:00 AM ET Company Participants Jacob Sayer - Vice President of Finance Jeffrey Cote - President & Chief Executive Officer Brian Roberts - Chief Financial Officer Conference Call Participants Ruplu Bhattacharya - Bank of America Mark Delaney - Goldman Sachs Matt Sheerin - Stifel Christopher Glynn - Oppenheimer Samik Chatterjee - JPMorgan Steven Fox - Fox Advisors Luke Junk - Baird Shreyas Patil - Wolfe Research Amit ...
Sensata(ST) - 2023 Q3 - Quarterly Report
2023-11-07 13:08
Revenue Performance - Net revenue for Q3 2023 was $1,001.3 million, a decrease of 1.7% from $1,018.3 million in Q3 2022, with organic revenue decline of 0.7%[94] - For the nine months ended September 30, 2023, net revenue increased by 1.6% to $3,061.6 million, with organic growth of 2.4% after adjusting for foreign currency effects and acquisitions[95] - Performance Sensing net revenue for Q3 2023 increased by 2.0% compared to the prior period, with organic growth of 3.1% after adjusting for foreign currency effects[109] - Sensing Solutions net revenue for Q3 2023 decreased by 11.3%, reflecting weakness in various markets, with an organic decline of 10.9%[113] Operating Income and Expenses - Operating income for Q3 2023 decreased by 54.0% to $116.3 million, representing 11.6% of net revenue, compared to $252.9 million (24.8% of net revenue) in Q3 2022[97] - For the three months ended September 30, 2023, cost of revenue as a percentage of net revenue increased due to unfavorable foreign currency exchange rates and inflation impacts, partially offset by cost savings from repositioning actions taken in fiscal year 2022[117] - For the nine months ended September 30, 2023, cost of revenue as a percentage of net revenue increased primarily due to a $10.5 million inventory write-down from exiting the Spear Marine Business[118] - Research and development (R&D) expense decreased for the three months ended September 30, 2023, primarily due to cost savings from repositioning actions taken in fiscal year 2022[120] - Selling, general and administrative (SG&A) expense decreased for the three months ended September 30, 2023, due to cost savings and lower compensation expenses[122] - Restructuring and other charges resulted in a net charge of $26.0 million for the three months ended September 30, 2023, compared to a net gain of $(107.4) million in the prior period[128] - Operating income decreased for the three months ended September 30, 2023, primarily due to the non-recurrence of a gain on the sale of the Qinex Business[131] Cash Flow and Financial Position - Operating cash flows generated in the nine months ended September 30, 2023 were $351.6 million, with cash and cash equivalents totaling $889.7 million[98] - Free cash flow for the nine months ended September 30, 2023, was $215.4 million, compared to $125.3 million in the same period of 2022[161] - The company reported a net cash provided by operating activities of $351.6 million for the nine months ended September 30, 2023[161] - Cash and cash equivalents totaled $889.7 million as of September 30, 2023, a decrease from $1,225.5 million at the end of 2022[166] - The company had $746.1 million available under the Revolving Credit Facility as of September 30, 2023[178] - The net leverage ratio improved to 3.1 as of September 30, 2023, compared to 3.4 at the end of 2022[165] - Total gross indebtedness as of September 30, 2023, was $3.825 billion, down from $4.273 billion as of December 31, 2022[175] Future Outlook and Plans - The company expects a revenue headwind of approximately $35 million to $40 million in Q4 2023 due to the UAW strike[96] - The Q3 2023 Plan includes a reduction of 451 positions, with expected restructuring charges between $20.5 million and $25.5 million, and an accrued charge of $21.4 million in Q3 2023[102] - Annualized savings from the Q3 2023 Plan are projected to be approximately $40 million to $50 million, with personnel-related cost savings of $4 million to $6 million expected in Q4 2023[103] - Capital expenditures for fiscal year 2023 are anticipated to be between $170.0 million and $180.0 million[173] - The company plans to fund capital expenditures with cash on hand, indicating a focus on maintaining liquidity[173] Shareholder Returns - In the nine months ended September 30, 2023, the company paid aggregate cash dividends of $53.4 million, an increase from $34.3 million in the same period of 2022[185] - The quarterly dividend was increased to $0.12 per share in the second quarter of 2023, up from $0.11 per share in the second quarter of 2022[185] - The company repurchased 1.5 million ordinary shares in the nine months ended September 30, 2023, compared to 5.2 million shares in the same period of 2022[184] - As of September 30, 2023, approximately $164.2 million remained available for share repurchase under the new $500.0 million program authorized on September 26, 2023[184] Tax and Interest - The provision for income taxes decreased by $28.6 million for the three months ended September 30, 2023, predominantly due to lower profit before tax[141] - Interest expense, net decreased by $7.9 million for the three months ended September 30, 2023, primarily due to lower interest expense on the Term Loan and increased interest income[133] Adjusted Metrics - Adjusted operating income and adjusted EPS are used by the company for internal planning and evaluation of overall business performance[142] - For the three months ended September 30, 2023, the reported operating income was $116.3 million with an operating margin of 11.6%[158] - Adjusted operating income for the same period was $191.6 million, reflecting an adjusted operating margin of 19.1%[158] - The adjusted net income for Q3 2023 was $138.3 million, resulting in an adjusted diluted EPS of $0.91[158] - For the nine months ended September 30, 2023, the reported operating income was $383.1 million with a margin of 12.5%[159] - The adjusted operating income for the same nine-month period was $590.3 million, with an adjusted operating margin of 19.3%[159] - Adjusted EBITDA for the last twelve months (LTM) was $932.9 million, compared to $903.9 million for the same period last year, reflecting a growth of approximately 3.5%[165] Accounting and Risk - No significant changes to market risk have occurred since December 31, 2022[188] - There are no recently issued accounting standards that have had or are expected to have a material impact on the company's financial position or results of operations[186] - The company continues to utilize critical accounting policies that require significant judgments and estimates, as discussed in the 2022 Annual Report[187]
Sensata(ST) - 2023 Q3 - Earnings Call Transcript
2023-10-31 17:16
Sensata Technologies Holding plc (NYSE:ST) Q3 2023 Earnings Conference Call October 31, 2023 8:00 AM ET Company Participants Jacob Sayer - Vice President of Finance Jeffrey Cote - President & Chief Executive Officer Paul Vasington - Chief Financial Officer Brian Roberts - Chief Financial Officer Conference Call Participants Mark Delaney - Goldman Sachs Wamsi Mohan - Bank of America Samik Chatterjee - JPMorgan Amit Daryanani - Evercore ISI Steven Fox - Fox Advisors LLC Luke Junk - Baird William Stein - Truis ...
Sensata(ST) - 2023 Q3 - Earnings Call Presentation
2023-10-31 13:34
Free Cash Flow ($ millions) $87 $57 Q3-23 Q3-22 $401M* 6 SENSATA Q3-2023 EARNINGS PRESENTATION Q3-2023 Financial Summary ADJUSTED OPERATING MARGIN WALK Q3-22 TO Q3-23 • Revenue decline YoY of (1.7%) composed of: • Adjusted operating income decreased (2.9%) YoY due to: ◦ Adj. operating margin increased 90 bps YoY ex-FX • ANI and Adj. EPS grew on deleveraging and share repurchases 8 SENSATA Q3-2023 EARNINGS PRESENTATION 9 | Sensata Proprietary Information. Strictly Confidential. Revenue $754.0 $739.4 Q3-23 Q3 ...