NYSE$ST

Sensata Technologies Holding N.V. · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Sensata reported strong first-quarter results with revenues and adjusted earnings exceeding financial guidance, repaid $250 million of outstanding Term Loan, and remains on track to achieve its long-term goals within Electrification.

Sensata Technologies reported a 2.3% increase in revenue to $998.2 million and a significant rise in earnings per share to $0.56, a 300% increase compared to the previous year. The company also generated $96.9 million in operating cash flow and $60.0 million in free cash flow.

  • Revenue increased by 2.3% to $998.2 million, with organic revenue growth of 4.7%.
  • Operating income rose by 18.2% to $148.8 million, representing 14.9% of revenue.
  • Earnings per share increased by 300% to $0.56, and adjusted earnings per share increased by 17.9% to $0.92.
  • The company repaid $250 million of its outstanding Term Loan, reducing variable rate debt and interest expense.

Headline financials

Total Revenue

$998M

Previous: $976M+2.3%
EPS (adj)

$0.92

Previous: $0.78+17.9%
Operating Margin

14.9%

Previous: 12.9%+15.5%
Adjusted Operating Margin

19.3%

Previous: 18.7%+3.2%
Dividends Paid

$16.8M

Previous: $0.11+15272727172.7%
Free Cash Flow

$86.4M

Previous: $22.4M+285.1%
Net Income

$86.4M

Previous: $22.4M+285.1%
Operating Income

$149M

Previous: $126M+18.2%
Gross Profit

$328M

Previous: $319M+2.8%
Cash & Equivalents

$1.03B

Previous: $1.61B-35.7%
Total Assets

$8.58B

Previous: $8.61B-0.3%
Stock-Based Comp

$7.21M

Previous: $6.54M+10.2%

Revenue & EPS history

Sensata · Revenue · Quarterly

$998M

Q1 2023+2.3%vs Q1 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

For the second quarter of 2023, Sensata expects revenue of $1,000 to $1,040 million and adjusted EPS of $0.88 to $0.98.

Tailwinds

  • Revenue between $1,000 and $1,040 million.
  • Adjusted Operating Income between $190 and $206 million.
  • Adjusted Net Income between $137 and $151 million.
  • Adjusted EPS between $0.88 and $0.98.
  • Company expects to grow earnings faster than revenue

Headwinds

  • Changes in foreign currency exchange rates will decrease revenue by approximately $(12) million at the midpoint.
  • Changes in foreign currency exchange rates will decrease adjusted EPS by approximately $(0.01) at the midpoint.
  • Revenue organic growth (2%) - 2%
  • Adjusted Operating Income (2%) - 6%
  • Adjusted Net Income 6% - 17%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-0.5%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.6%

Avg return

30 days after

38%

25 / 65 earnings

Positive

+14.7%

Q4 2022

Best reaction

-11.3%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.3%-1.0%+19.0%
Q4 2025+6.1%+4.7%-8.2%
Q3 2025+5.7%+3.2%+4.0%
Q1 2025+13.7%+23.7%+20.3%
Q4 2024+8.6%+14.5%+5.3%
Q3 2024-8.4%-4.0%-8.0%
Q2 2024-0.2%-5.2%-0.9%
Q1 2024+9.5%+14.6%+15.7%
Q4 2023-8.2%-8.8%-2.9%
Q3 2023-7.2%-4.8%-4.7%
Q2 2023-10.0%-9.5%-20.1%
Q1 2023-9.7%-9.2%-15.2%
Q4 2022+14.7%+16.2%+11.2%
Q3 2022-6.2%-3.1%+8.2%
Q2 2022-0.8%+1.2%-2.1%
Q1 2022-9.0%-6.8%-5.0%
Q4 2021-0.1%-3.6%-0.1%
Q3 2021-3.4%-2.8%+7.8%
Q2 2021+1.4%+5.6%+7.6%
Q1 2021-1.4%-3.8%-1.9%
Q4 2020-2.7%-4.5%+5.7%
Q3 2020-10.2%-9.4%+4.3%
Q2 2020-4.2%-9.1%-1.1%
Q1 2020-1.8%-10.3%-3.8%
Q4 2019+4.1%+2.2%-30.7%
Q3 2019-0.8%+2.3%-0.2%
Q2 2019-2.4%-5.3%-6.9%
Q1 2019+1.6%+1.3%-14.5%
Q4 2018-2.6%-2.6%+0.2%
Q3 2018+10.2%+12.6%+7.6%
Q2 2018+3.1%+6.0%+5.1%
Q1 2018-4.5%-4.9%-3.4%
Q4 2017-2.4%-5.2%-8.4%
Q3 2017-2.7%-1.8%-2.7%
Q2 2017+1.7%-0.3%-2.3%
Q1 2017-5.0%-3.7%-4.0%
Q4 2016-1.8%-3.3%-2.0%
Q3 2016-0.9%-4.4%+1.1%
Q2 2016+3.9%-0.4%+1.5%
Q1 2016+3.3%
Q4 2015-11.3%
Q3 2015+2.1%
Q2 2015-0.7%
Q1 2015-3.3%
Q4 2014-0.4%
Q3 2014+2.7%
Q2 2014-0.2%
Q1 2014-2.6%
Q4 2013+7.6%
Q3 2013-5.7%
Q2 2013-0.7%
Q1 2013+7.6%
Q4 2012-2.7%
Q3 2012-0.0%
Q2 2012+3.2%
Q1 2011+4.5%
Q1 2012+2.4%
Q4 2009-3.3%
Q1 2010-3.3%
Q4 2011-3.3%
Q3 2010-2.9%
Q3 2011-2.9%
Q2 2010+0.4%
Q4 2010+0.4%
Q2 2011+0.4%

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