{"id":786504,"date":"2023-09-27T13:29:57","date_gmt":"2023-09-27T17:29:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sensata-technologies-hosts-investor-day-providing-2026-financial-framework\/"},"modified":"2023-09-27T13:29:57","modified_gmt":"2023-09-27T17:29:57","slug":"sensata-technologies-hosts-investor-day-providing-2026-financial-framework","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sensata-technologies-hosts-investor-day-providing-2026-financial-framework\/","title":{"rendered":"Sensata Technologies Hosts Investor Day, Providing 2026 Financial Framework"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwnowrap { white-space: nowrap }\n.bwpadl0 { padding-left: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignm { vertical-align: middle }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Sensata Technologies Hosts Investor Day, Providing 2026 Financial Framework<\/b><\/p>\n<p class=\"bwalignc\"><i>Company Reaffirms Third Quarter Guidance and Provides Fourth Quarter Guidance<\/i><\/p>\n<p class=\"bwalignc\"><i>Implements Cost Reduction Plan<\/i><\/p>\n<p class=\"bwalignc\"><i>Announces New $500 Million Share Repurchase Authorization<\/i><\/p>\n<p>SWINDON, United Kingdom&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSensata Technologies (NYSE: ST), a global industrial technology company and leading provider of sensors, sensor-rich solutions and electrical protection devices, is holding an Investor Event today at which it will provide updates on its business and financial targets for 2026.<\/p>\n<p><b>Q3 2023 Reorganization Plan<\/b><\/p>\n<p>\nSensata has committed to a plan which includes voluntary and involuntary reductions-in-force, site closures, and other cost saving initiatives. The decision to execute the plan was made to adjust the Company\u2019s cost structure and business activities to better align with the weaker market demand it has been experiencing due to continued economic uncertainty in many of its end markets and to take active measures to accelerate margin recovery.<\/p>\n<p>\nThe Company expects to record charges (including severance, site closures, and other costs) in the third quarter of 2023 of $16 &#8211; $20 million. The Company further expects that the actions taken in the Q3 2023 Plan will result in annualized savings of personnel, facilities, and other costs of approximately $40 &#8211; $50 million and expects savings in the fourth quarter of 2023 to be approximately $4 &#8211; $5 million.<\/p>\n<p><b>Q3 and Q4 2023 Financial Guidance<\/b><\/p>\n<p>\nSensata is reaffirming financial guidance for the third quarter of 2023, and is providing preliminary guidance for the fourth quarter:<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b><i>$ in millions,<br \/>\n<br \/>except EPS<\/i><\/b>\u200b<\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwnowrap\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Q3-23 GUIDANCE*<\/b>\u200b<\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwnowrap\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>B\/(W)<\/b>\u200b<\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwnowrap\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Q4-23 GUIDANCE*<\/b>\u200b<\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwnowrap\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>B\/(W)<\/b>\u200b<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRevenue\u200b<\/p>\n<p class=\"bwcellpmargin\"><i>organic<\/i>\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$980 \u2013 $1,020\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(4%) &#8211; 0%\u200b<br \/>\n<br \/><i>(3%) &#8211; 1%<\/i>\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$980 \u2013 $1,020\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(3%) &#8211; 1%\u200b<br \/>\n<br \/><i>(3%) &#8211; 1%<\/i>\u200b<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAdj. Op Income\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$183 \u2013 $199\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(7%) &#8211; 1%\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$186 \u2013 $202\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(9%) &#8211; (1%)\u200b<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAdj. Net Income\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$129 \u2013 $143\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(2%) &#8211; 9%\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$136 \u2013 $150\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(7%) &#8211; 3%\u200b<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAdj. EPS\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$0.84 \u2013 $0.94\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(1%) &#8211; 11%\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$0.89 \u2013 $0.99\u200b<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n(7%) &#8211; 3%\u200b<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><i>*Assumes minimal impact from UAW strike; potential for $7M &#8211; $8M in lost weekly revenue depending on breadth.<\/i><\/p>\n<p><b>Three Year Financial Framework<\/b><\/p>\n<p>\nSensata is also providing a financial framework for future growth that includes preliminary financial guidance for fiscal year 2026:<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwvertalignm\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b><i>$ in millions,<br \/>\n<br \/>except EPS<\/i><\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwnowrap\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>2023 GUIDANCE<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwnowrap\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>CAGR<\/b><\/p>\n<\/td>\n<td class=\"bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwvertalignm bwnowrap\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>2026 GUIDANCE<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRevenue<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$4,020 &#8211; $4,100<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n7% &#8211; 9%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$5,000 &#8211; $5,300<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAdj. Operating Margin<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n18.9% &#8211; 19.7%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n12% &#8211; 15%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n21% &#8211; 23%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAdj. EPS<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$3.62 &#8211; $3.82<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n14% &#8211; 19%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n$5.50 &#8211; $6.30<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Share Repurchase Authorization<\/b><\/p>\n<p>\nSensata also announced that its Board of Directors has authorized a new ordinary share repurchase program of $500 million. This plan replaces Sensata\u2019s prior ordinary share repurchase program which had $167 million remaining authorization as of September 22, 2023. Sensata\u2019s shareholders have previously approved the forms of share repurchase agreements and the potential broker counterparties needed to execute the buyback program.<\/p>\n<p><b>About Sensata Technologies<\/b><\/p>\n<p>\nSensata Technologies is a global industrial technology company striving to create a cleaner, more efficient, electrified, and connected world. Through its broad portfolio of sensors, electrical protection components and sensor-rich solutions which create valuable business insights, Sensata helps its customers address increasingly complex engineering and operating performance requirements. With more than 21,000 employees and global operations in 16 countries, Sensata serves customers in the automotive, heavy vehicle &amp; off-road, industrial, and aerospace markets. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sensata.com%2F&amp;esheet=53564374&amp;newsitemid=20230927264032&amp;lan=en-US&amp;anchor=www.sensata.com&amp;index=1&amp;md5=12a75e62738bcf885c1dc5115353217b\">www.sensata.com<\/a> and follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsensata-technologies%2F&amp;esheet=53564374&amp;newsitemid=20230927264032&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=2&amp;md5=d406de48592ebc7e7ba10d1f21dc3a77\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FSensataTechnologies&amp;esheet=53564374&amp;newsitemid=20230927264032&amp;lan=en-US&amp;anchor=Facebook&amp;index=3&amp;md5=8b359302e7fd2f64e52dfc2579a731bc\">Facebook<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FSensata&amp;esheet=53564374&amp;newsitemid=20230927264032&amp;lan=en-US&amp;anchor=Twitter&amp;index=4&amp;md5=78b29d3c3d681c98d70eb105a6b5bf91\">Twitter<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230927264032r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230927264032\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230927264032\/en\/<\/a><\/span><\/p>\n<p><b>Investors:<br \/>\n<\/b><br \/>Jacob Sayer<br \/>\n<br \/>+1 (508) 236-1666<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jsayer@sensata.com\">jsayer@sensata.com<\/a><\/p>\n<p><b>Media:<br \/>\n<\/b><br \/>Alexia Taxiarchos<br \/>\n<br \/>+1 (508) 236-1761<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ataxiarchos@sensata.com\">ataxiarchos@sensata.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United Kingdom Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Engineering Automotive Manufacturing Environment Aerospace Manufacturing Sustainability<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230927264032\/en\/816566\/3\/sen_clr_v_rgb.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Sensata Technologies Hosts Investor Day, Providing 2026 Financial Framework Company Reaffirms Third Quarter Guidance and Provides Fourth Quarter Guidance Implements Cost Reduction Plan Announces New $500 Million Share Repurchase Authorization SWINDON, United Kingdom&#8211;(BUSINESS WIRE)&#8211; Sensata Technologies (NYSE: ST), a global industrial technology company and leading provider of sensors, sensor-rich solutions and electrical protection devices, is holding an Investor Event today at which it will provide updates on its business and financial targets for 2026. Q3 2023 Reorganization Plan Sensata has committed to a plan which includes voluntary and involuntary reductions-in-force, site closures, and other cost saving initiatives. The decision to execute the plan was made to adjust the Company\u2019s cost structure and business activities to better align with the weaker &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sensata-technologies-hosts-investor-day-providing-2026-financial-framework\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sensata Technologies Hosts Investor Day, Providing 2026 Financial Framework&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-786504","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sensata Technologies Hosts Investor Day, Providing 2026 Financial Framework - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sensata-technologies-hosts-investor-day-providing-2026-financial-framework\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sensata Technologies Hosts Investor Day, Providing 2026 Financial Framework - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sensata Technologies Hosts Investor Day, Providing 2026 Financial Framework Company Reaffirms Third Quarter Guidance and Provides Fourth Quarter Guidance Implements Cost Reduction Plan Announces New $500 Million Share Repurchase Authorization SWINDON, United Kingdom&#8211;(BUSINESS WIRE)&#8211; Sensata Technologies (NYSE: ST), a global industrial technology company and leading provider of sensors, sensor-rich solutions and electrical protection devices, is holding an Investor Event today at which it will provide updates on its business and financial targets for 2026. Q3 2023 Reorganization Plan Sensata has committed to a plan which includes voluntary and involuntary reductions-in-force, site closures, and other cost saving initiatives. 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