- Sensata Technologies Holding PLC (NYSE:ST) reported fourth-quarter FY21 sales growth of 3.1% year-on-year, to $934.6 million, beating the analyst consensus of $916.37 million. Revenue decreased 0.9% on an organic basis.
- Adjusted EPS of $0.87 beat the analyst consensus of $0.80.
- The operating margin contracted 100 basis points to 16%, and operating income for the quarter fell 2.9% to $149.7 million. The operating expense rose 4.3% Y/Y to $784.9 million.
- Adjusted EBITDA remained flat for the quarter at around $228 million.
- The operating cash flow for the quarter totaled $160.9 million with a free cash flow of $116.9 million. The company held $1.7 billion in cash and equivalents as of December 31, 2021.
- Outlook: Sensata expects Q1 sales of $935 million - $975 million, versus the consensus of $963.59 million. The company expects Q1 adjusted EPS of $0.70 - $0.78, below the estimate of $0.88.
- Sensata sees FY22 sales of $4.125 billion - $4.275 billion, versus the consensus of $4.12 billion. The company expects FY22 EPS of $3.80 - $4.06, against the consensus of $4.05.
- Price Action: ST shares closed higher by 2.89% at $57.36 on Monday.
