Sensata Technologies Files Q3 2024 10-Q Report

TL;DR

Sensata Tech's Q3 2024 10-Q is in. Check for latest financials.

AI Summary

Sensata Technologies Holding plc filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter and the first nine months of the fiscal year. Specific financial figures and operational details for this period are detailed within the report.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational status of Sensata Technologies, crucial for understanding the company's trajectory and making informed investment decisions.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific content can reveal risks or opportunities impacting the company's valuation.

Key Players & Entities

• Sensata Technologies Holding plc (company) — Filer of the 10-Q report
• 20240930 (date) — End of the reporting period
• 20241104 (date) — Filing date of the report

FAQ

Filing Documents

• st-20240930.htm (10-Q) — 1827KB
• exhibit311_093024.htm (EX-31.1) — 10KB
• exhibit312_093024.htm (EX-31.2) — 10KB
• exhibit313_093024.htm (EX-31.3) — 10KB
• exhibit321_093024.htm (EX-32.1) — 8KB
• 0001477294-24-000187.txt ( ) — 8761KB
• st-20240930.xsd (EX-101.SCH) — 48KB
• st-20240930_cal.xml (EX-101.CAL) — 77KB
• st-20240930_def.xml (EX-101.DEF) — 284KB
• st-20240930_lab.xml (EX-101.LAB) — 639KB
• st-20240930_pre.xml (EX-101.PRE) — 479KB
• st-20240930_htm.xml (XML) — 1482KB

Financial Statements (unaudited)

Item 1. Financial Statements (unaudited): Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive (Loss)/ Income for the Three and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 6 Condensed Consolidated Statements of Changes in Shareholders' Equity for the Three and Nine Months Ended September 30, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 23

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 38

Controls and Procedures

Item 4. Controls and Procedures 38 PART II

Legal Proceedings

Item 1. Legal Proceedings 40

Risk Factors

Item 1A. Risk Factors 40

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 40

Other Information

Item 5. Other Information 40

Exhibits

Item 6. Exhibits 41

Signatures

Signatures 42 2 Table of Contents

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. SENSATA TECHNOLOGIES HOLDING PLC Condensed Consolidated Balance Sheets (In thousands, except per share amounts) (unaudited) September 30, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 506,215 $ 508,104 Accounts receivable, net of allowances of $ 20,956 and $ 28,980 as of September 30, 2024 and December 31, 2023, respectively 753,735 744,129 Inventories 673,506 713,485 Prepaid expenses and other current assets 161,853 136,686 Total current assets 2,095,309 2,102,404 Property, plant and equipment, net 893,722 886,010 Goodwill 3,392,704 3,542,770 Other intangible assets, net of accumulated amortization of $ 2,537,953 and $ 2,522,760 as of September 30, 2024 and December 31, 2023, respectively 515,733 883,671 Deferred income tax assets 295,561 131,527 Other assets 121,301 134,605 Total assets $ 7,314,330 $ 7,680,987 Liabilities and shareholders' equity Current liabilities: Current portion of long-term debt and finance lease obligations $ 2,076 $ 2,276 Accounts payable 459,710 482,301 Income taxes payable 23,909 32,139 Accrued expenses and other current liabilities 321,187 307,002 Total current liabilities 806,882 823,718 Deferred income tax liabilities 246,493 359,073 Pension and other post-retirement benefit obligations 32,196 38,178 Finance lease obligations, less current portion 21,702 22,949 Long-term debt, net 3,174,354 3,373,988 Other long-term liabilities 74,935 66,805 Total liabilities 4,356,562 4,684,711 Commitments and contingencies (Note 11) Shareholders' equity: Ordinary shares, 0.01 nominal value per share, 177,069 shares authorized, and 176,454 and 175,832 shares issued as of September 30, 2024 and December 31, 2023, respectively 2,256 2,249 Treasury shares, at cost, 26,427 and 25,090 shares as of September 30, 2024 and December 31, 2023, respectively ( 1,261,946 ) ( 1,213,160 ) Additional paid-in capital 1,861,511 1,901,621 Retained earnings 2,354,276 2,

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View this 10-Q filing on SEC EDGAR