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Jun 30, 2023
Sensata Q2 2023 Earnings Report
Sensata delivered record quarterly revenue and earnings per share, demonstrating strong financial performance
Key Takeaways
Sensata Technologies reported record revenue of $1,062.1 million for the second quarter of 2023, a 4.1% increase compared to the previous year. Adjusted earnings per share reached a record $0.97, a 16.9% increase. The company repaid its outstanding Term Loan and returned capital to shareholders through dividends and share repurchases.
Record quarterly revenue of $1,062.1 million, a 4.1% increase year-over-year.
Adjusted earnings per share reached a record $0.97, a 16.9% increase year-over-year.
Operating cash flow was $115.8 million, and free cash flow totaled $68.2 million.
The company repaid its variable rate Term Loan, returning approximately $18.3 million to shareholders through its quarterly dividend, and repurchased approximately $25.1 million of its shares.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the third quarter of 2023, Sensata expects revenue of $980 to $1,020 million and adjusted EPS of $0.84 to $0.94.
Positive Outlook
- Revenue guidance between $980 million and $1,020 million
- Adjusted EPS guidance between $0.84 and $0.94
Challenges Ahead
- Revenue is expected to decrease by approximately (4%) - 0%
- Organic growth is expected to be (3%) - 1%
- Adjusted operating income is expected to decrease by (7%) - 1%
- Adjusted net income is expected to decrease by (2%) - 9%
- Adjusted EPS is expected to decrease by (1%) - 11%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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