NYSE$ST

Sensata Technologies Holding N.V. · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Sensata delivered record quarterly revenue and earnings per share, demonstrating strong financial performance

Sensata Technologies reported record revenue of $1,062.1 million for the second quarter of 2023, a 4.1% increase compared to the previous year. Adjusted earnings per share reached a record $0.97, a 16.9% increase. The company repaid its outstanding Term Loan and returned capital to shareholders through dividends and share repurchases.

  • Record quarterly revenue of $1,062.1 million, a 4.1% increase year-over-year.
  • Adjusted earnings per share reached a record $0.97, a 16.9% increase year-over-year.
  • Operating cash flow was $115.8 million, and free cash flow totaled $68.2 million.
  • The company repaid its variable rate Term Loan, returning approximately $18.3 million to shareholders through its quarterly dividend, and repurchased approximately $25.1 million of its shares.

Headline financials

Total Revenue

$1.06B

Previous: $1.02B+4.1%
EPS (adj)

$0.97

Previous: $0.83+16.9%
Operating Margin

11.1%

No prior period
Adjusted Operating Margin

19.4%

Previous: 19.0%+2.1%
Dividends Paid

$18.3M

Previous: $17.2M+6.4%
Free Cash Flow

$49.1M

Previous: $34.8M+41.0%
Net Income

$49.1M

Previous: $34.8M+41.0%
Operating Income

$118M

Previous: $139M-15.1%
Gross Profit

$330M

Previous: $334M-1.2%
Cash & Equivalents

$857M

Previous: $1.56B-45.0%
Total Assets

$8.39B

Previous: $8.61B-2.5%
Stock-Based Comp

$10.4M

Previous: $9.2M+13.1%

Revenue & EPS history

Sensata · Revenue · Quarterly

$1.06B

Q2 2023+4.1%vs Q2 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

For the third quarter of 2023, Sensata expects revenue of $980 to $1,020 million and adjusted EPS of $0.84 to $0.94.

Tailwinds

  • Revenue guidance between $980 million and $1,020 million
  • Adjusted EPS guidance between $0.84 and $0.94

Headwinds

  • Revenue is expected to decrease by approximately (4%) - 0%
  • Organic growth is expected to be (3%) - 1%
  • Adjusted operating income is expected to decrease by (7%) - 1%
  • Adjusted net income is expected to decrease by (2%) - 9%
  • Adjusted EPS is expected to decrease by (1%) - 11%

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 Q2 2023

Historical avgQ2 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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