NYSE$ST
Sensata Technologies Holding N.V. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Sensata's Q4 2023 financial performance declined compared to the previous year due to a goodwill impairment charge, while full-year revenue reached a record high.
Sensata Technologies reported a decrease in revenue and earnings per share for Q4 2023 compared to Q4 2022. Revenue was $992.5 million, a decrease of 2.2%. Loss per share was ($1.34), a decrease of $(2.08). The company's full-year revenue reached a record $4,054.1 million, an increase of 0.6% compared to the previous year.
- Revenue decreased by 2.2% to $992.5 million compared to Q4 2022.
- Operating loss was ($201.4) million, impacted by a $321.7 million non-cash goodwill impairment charge.
- Loss per share was ($1.34), a decrease of $(2.08) compared to Q4 2022.
- Adjusted earnings per share was $0.81, a decrease of ($0.15) compared to Q4 2022.
Headline financials
Revenue & EPS history
Sensata · Revenue · Quarterly
$992M
Forward guidance
Sensata anticipates relatively flat end markets year-over-year due to the current IHS automotive outlook, weakness in Europe and North America heavy vehicle and off-road production, and continued destocking in industrials. Revenue is expected to be flat to down slightly in the first and second quarters of 2024 before rebounding in the second half of the year. Adjusted operating margins are expected to be flat in the first quarter and then increase sequentially by approximately 20 – 30 basis points per quarter.
Tailwinds
- New and ramping product launches driving growth in the second half of the year.
- Adjusted operating margins expected to increase sequentially by approximately 20 – 30 basis points per quarter after Q1.
- Electrification revenue grew by nearly 50% to approximately $700 million in 2023.
- Over $1.3 billion in electrification opportunities won over the last three years.
- Capital allocation strategy to reduce net leverage and return cash to shareholders is showing strong early returns.
Headwinds
- End markets are anticipated to be relatively flat year over year.
- Weakness in Europe and North America heavy vehicle and off road production.
- Continued destocking in industrials.
- Revenue expected to be flat to down slightly in the first and second quarters of 2024.
- Changes in foreign currency exchange rates will decrease revenue by approximately ($7) million at the midpoint and decrease adjusted EPS by approximately ($0.05) at the midpoint in the first quarter of 2024.
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 Q4 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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro