10-K - Sensata Technologies Holding plc (0001477294) (Filer)

Fri, Feb 28, 10:34 PM (56 days ago)

**Sensata Technologies Holding plc (ST)** reported a net revenue of $3,932,764 for FY 2024, reflecting a 3% decrease from FY 2023. The Performance Sensing segment contributed 70% of this revenue, while Sensing Solutions accounted for 27%. Net income stood at $128,477, with diluted EPS at $0.85. Operating income decreased by 17.8% to $149,276 due to a $150.1 million goodwill impairment charge related to the Dynapower unit and a $98.8 million loss from the sale of the Insights Business. The company reduced its gross debt to $3,223,400, achieving a net leverage ratio of 3.0x. Future prospects include a focus on electrification and sustainability in response to market demands for cleaner technologies. Risks include potential supply chain disruptions, regulatory changes, and fluctuating commodity prices. The company has initiated restructuring plans to optimize operations amidst market uncertainties. Overall, Sensata is strategically positioned to leverage its capabilities while navigating financial and operational challenges.