Loading...
•
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.
Sensata
Sensata
Sensata Revenue by Segment
Sensata Revenue by Geographic Location
Revenue by Segment
Performance Sensing Revenue
CapyFin.comSensing Solutions Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia/Rest of World Revenue
CapyFin.com 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