Sensata Technologies Reports Q3 2024 Earnings Results
Sensata Technologies (ST) reported Q3 2024 earnings with a 2% year-over-year revenue decline to $983 million, driven by product exits and foreign currency fluctuations. Adjusted operating income rose to $188 million with a 19.2% margin, showing sequential improvement. The company also recorded a $110 million loss from the sale of its Insights Business and a $150 million non-cash goodwill impairment charge.
Tickers: $ST
Topics: earnings report EPS free cash flow goodwill impairment operating income product exits revenue decline