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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.
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 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.
- Adjusted EPS expected between $0.82 and $0.88.
Revenue & Expenses
Visualization of income flow from segment revenue to net income