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Jun 30, 2024
Sensata Q2 2024 Earnings Report
Reported a solid second quarter with performance in line with expectations.
Key Takeaways
Sensata Technologies reported second quarter 2024 financial results. Revenue was $1,035.5 million, a decrease of 2.5% compared to the second quarter of 2023. Earnings per share was $0.47, an increase of 46.9%, and adjusted earnings per share was $0.93, a decrease of 4.1%.
Revenue was $1,035.5 million, a decrease of 2.5% compared to Q2 2023.
Operating income was $129.9 million, or 12.5% of revenue, an increase of 10.1% compared to Q2 2023.
Earnings per share was $0.47, an increase of 46.9% compared to Q2 2023.
Adjusted earnings per share was $0.93, a decrease of 4.1% compared to Q2 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the third quarter of 2024, Sensata expects revenue of $970 to $1,000 million and adjusted EPS of $0.82 to $0.88.
Positive Outlook
- Revenue guidance of $970 to $1,000 million.
- Adjusted EPS guidance of $0.82 to $0.88.
- Operating income expected between $115.0 and $118.3 million (GAAP).
- Net income expected between $49.7 and $52.4 million (GAAP).
- Initiative to identify underperforming products with low growth and substandard margin profiles.
Challenges Ahead
- Revenue guidance reflects reduction of approximately $30 million in revenue related to underperforming products.
- Organic growth expected to be between (3%) and 0%.
- Adjusted Operating Income expected between $184 and $194 million.
- Adjusted Net Income expected between $124 and $134 million.
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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