Loading...
•
Sep 30, 2024
Sensata Q3 2024 Earnings Report
Sensata's Q3 2024 core operating results demonstrated early positive returns from strategic efforts.
Key Takeaways
Sensata Technologies reported a revenue of $982.8 million for Q3 2024, a decrease of 1.8% compared to Q3 2023. The company's adjusted EPS was $0.86, a decrease of 5.5% compared to the previous year. Sensata generated free cash flow of $91.3 million and ended the quarter with $506.2 million of cash on hand.
Revenue was $982.8 million, a decrease of 1.8% compared to Q3 2023.
Operating loss was $199.2 million, compared to operating income of $116.3 million in Q3 2023.
Adjusted earnings per share was $0.86, a decrease of 5.5% compared to Q3 2023.
Generated free cash flow of $91.3 million and ended the quarter with $506.2 million of cash on hand.
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 fourth quarter of 2024, Sensata expects revenue of $870 to $900 million and adjusted EPS of $0.71 to $0.76.
Challenges Ahead
- Sale of Insights business in the third quarter of 2024 (approximately $50 million)
- Incremental exits of underperforming products (approximately $20 million)
- Reduced production expectations in automotive and heavy vehicle (approximately $30 million)
Revenue & Expenses
Visualization of income flow from segment revenue to net income