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Sensata
🇺🇸 NYSE:ST
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Sep 30, 2022

Sensata Q3 2022 Earnings Report

Sensata's Q3 2022 financial performance showcased solid results, driven by strong market outgrowth, improving markets, and growth from M&A, despite foreign exchange and inventory headwinds.

Key Takeaways

Sensata Technologies reported a 7.1% increase in revenue to $1,018.3 million for Q3 2022 compared to $951.0 million in Q3 2021. Operating income increased by 56.8% to $252.9 million. Earnings per share increased by 71.7% to $0.91, while adjusted earnings per share decreased slightly by (2.3%) to $0.85.

Revenue increased by 7.1% to $1,018.3 million compared to Q3 2021.

Operating income increased by 56.8% to $252.9 million compared to Q3 2021.

Earnings per share increased by 71.7% to $0.91 compared to Q3 2021.

Adjusted earnings per share decreased slightly by (2.3%) to $0.85 compared to Q3 2021.

Total Revenue
$1.02B
Previous year: $951M
+7.0%
EPS
$0.85
Previous year: $0.87
-2.3%
Operating Margin
24.8%
Previous year: 17%
+45.9%
Adjusted Operating Margin
19.4%
Previous year: 21.1%
-8.1%
Shares Repurchased
2.3M
Gross Profit
$324M
Previous year: $322M
+0.5%
Cash and Equivalents
$1.1B
Previous year: $1.96B
-43.6%
Free Cash Flow
$57.5M
Previous year: $88.5M
-35.0%
Total Assets
$8.71B
Previous year: $8.5B
+2.4%

Sensata

Sensata

Sensata Revenue by Segment

Sensata Revenue by Geographic Location

Forward Guidance

For the fourth quarter of 2022, Sensata expects revenue of $980 to $1,020 million and adjusted EPS of $0.85 to $0.91.

Positive Outlook

  • Revenue growth expected between 5% and 9% compared to Q4 2021.
  • Organic revenue growth expected between 7% and 11%.
  • Adjusted operating income expected between $193 million and $205 million.
  • Adjusted net income expected between $130 million and $140 million.
  • Adjusted EPS expected between $0.85 and $0.91.

Challenges Ahead

  • Changes in foreign currency exchange rates are expected to decrease revenue by approximately $41 million at the midpoint.
  • Changes in foreign currency exchange rates are expected to decrease adjusted EPS by approximately $0.11 at the midpoint.
  • Adjusted operating income is expected to be (2%) - 4% compared to Q4 2021.
  • Adjusted net income is expected to be (7%) - 1% compared to Q4 2021.
  • Adjusted EPS is expected to be (2%) - 5% compared to Q4 2021.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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