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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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