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Dec 31, 2021
Sensata Q4 2021 Earnings Report
Sensata's revenue growth outpaced markets by 800 basis points offsetting meaningful declines in automotive production versus the prior-year quarter, and the company adapted effectively to supply chain challenges, delivering record annual revenue.
Key Takeaways
Sensata Technologies reported a 3.1% increase in revenue and a 1.0% increase in adjusted operating income compared to the fourth quarter of 2020. The company's revenue growth outpaced markets by 800 basis points, offsetting declines in automotive production. Sensata also adapted effectively to supply chain challenges, delivering record annual revenue.
Revenue was $934.6 million, an increase of 3.1% compared to Q4 2020.
Operating income was $149.7 million, a decrease of 2.9% compared to Q4 2020.
Adjusted earnings per share was $0.87, an increase of 2.4% compared to Q4 2020.
Sensata generated $160.9 million of operating cash flow, and free cash flow totaled $116.9 million.
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 full year 2022, Sensata expects revenue of $4,125 to $4,275 million and adjusted EPS of $3.80 to $4.06. For the first quarter of 2022, the company expects revenue of $935 to $975 million and adjusted EPS of $0.70 to $0.78.
Positive Outlook
- Full year 2022 revenue is expected to be $4,125 to $4,275 million.
- Full year 2022 organic revenue growth is expected to be 6% - 10%.
- Full year 2022 adjusted operating income is expected to be $848 - $892 million.
- Full year 2022 adjusted net income is expected to be $600 - $640 million.
- Full year 2022 adjusted EPS is expected to be $3.80 - $4.06.
Challenges Ahead
- First quarter 2022 revenue is expected to be $935 to $975 million.
- First quarter 2022 organic revenue growth is expected to be (4%) - 1%.
- First quarter 2022 adjusted operating income is expected to be $171 - $183 million.
- First quarter 2022 adjusted net income is expected to be $112 - $124 million.
- First quarter 2022 adjusted EPS is expected to be $0.70 - $0.78.
Revenue & Expenses
Visualization of income flow from segment revenue to net income