Sensata Technologies ( (ST) ) has released its Q4 earnings. Here is a breakdown of the information Sensata Technologies presented to its investors.
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Sensata Technologies, a global industrial technology company, specializes in providing sensors, sensor-rich solutions, and electrical protection devices, serving sectors such as automotive, heavy vehicles, industrial, and aerospace.
In its latest earnings report, Sensata Technologies announced a strong finish to 2024, achieving a significant increase in full-year free cash flow by over 40% and an improved adjusted operating margin for the fourth consecutive quarter, despite seeing a decrease in overall revenue for both the fourth quarter and the full year.
Key financial highlights from the fourth quarter include a revenue of $907.7 million, marking an 8.5% decrease from the previous year, and a net income of $5.8 million compared to a net loss in the previous year’s quarter. The company’s full-year performance saw a total revenue of $3.93 billion, down 3.0% from 2023, but it achieved a net income of $128.5 million, a significant improvement from a slight loss in 2023. Sensata also improved its cash position, ending the year with $593.7 million in cash on hand.
Despite the revenue decline, Sensata’s management remains optimistic about future growth, focusing on operational excellence and strategic capital deployment. The company expects its 2025 revenue to remain stable while aiming to enhance operating margins in the latter half of the year.
