SWINDON, England–(Business WIRE)–Jan 8, 2021–
Sensata Technologies (NYSE:ST), a international industrial know-how firm and a major company of sensor-prosperous remedies that produce insights for prospects, right now introduced an update to its fourth quarter 2020 revenue steerage originally delivered on October 28, 2020.
“We observed improved and sustained company exercise for the duration of the fourth quarter, in particular in our Automotive and Industrial enterprises, which translated into greater orders and deliveries than in the beginning predicted,” stated Jeff Cote, CEO and President of Sensata. “We now be expecting fourth quarter 2020 profits to be in the vary of $902 to $907 million as in comparison to our prior steerage of $810 to $850 million supplied at the time of our third quarter earnings announcement. We will present added depth when we report fourth quarter effects in early February.”
Fourth quarter and complete-year 2020 earnings announcement
Sensata Technologies ideas to disclose its fourth quarter and whole-calendar year 2020 economic success on Tuesday, February 2, 2021, at 6:00 a.m. Jap Time. Sensata will host a reside convention contact and webcast on the same day at 8:00 a.m. Japanese Time to focus on the benefits and business enterprise trends. The webcast and subsequent replay will be obtainable on the trader relations page of the Company’s web-site at http://investors.sensata.com.
Traders can also listen to the earnings simply call stay via telephone by dialing 1-844-784-1726 or 1-412-380-7411 and referencing the Sensata Q4 2020 Monetary Final results Convention Connect with. A replay of the connect with will be accessible until February 9, 2021. To accessibility the replay dial 1-877-344-7529 or 1-412-317-0088 and enter confirmation code: 10151035.
About Sensata Systems
Sensata Technologies is a main industrial technology firm that develops sensors, sensor-centered options, together with controllers and application, and other mission-vital solutions to create worthwhile company insights for prospects and conclude people. For additional than 100 decades, Sensata has presented a huge selection of tailored, sensor-rich answers that deal with complicated engineering requirements to assistance buyers remedy tricky problems in the automotive, heavy auto & off-street, industrial and aerospace industries. With much more than 21,000 employees and operations in 11 nations, Sensata’s methods aid to make items safer, cleaner and additional economical, electrified, and connected. For much more information, please stop by Sensata’s website at www.sensata.com.
Secure Harbor Assertion
This push release has ahead-looking statements within just the this means of the Private Securities Litigation Reform Act of 1995, including statements pertaining to anticipated economical outcomes and liquidity. The words “will,” “may,” “designed to,” “outlook,” “believes,” “should,” “anticipates,” “plans,” “expects,” “intends,” “estimates,” “forecasts” and similar expressions establish selected of these ahead-looking statements. The Enterprise also might present ahead-hunting statements in oral statements or other penned resources produced to the public. All statements contained or incorporated in this push release or in any other public statements that tackle functioning overall performance, activities or developments that the Firm expects or anticipates may come about in the potential are ahead-hunting statements. Components that could bring about actual final results to vary materially from these ahead-searching statements are discussed in the Company’s Once-a-year Report on Form 10-K for the calendar year ended December 31, 2019, and its other Securities and Trade Fee filings. Potential functioning effects will be primarily based on numerous things, such as genuine business manufacturing volumes, the effect of COVID-19 on the Company’s business enterprise and the world wide financial state, commodity selling prices, the affect of restructuring actions and the Company’s good results in applying its operating strategy. The ahead-searching statements in this push launch are produced as of the date hereof, and the Corporation does not suppose any obligation to update, amend or make clear them to reflect functions, new information and facts or situations happening just after the date hereof.
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PUB: 01/08/2021 06:55 AM/DISC: 01/08/2021 06:55 AM