Key Developments: Sensata Technologies Holding NV (ST)
35.18USD
22 May 2013
$-1.51 (-4.12%)
$36.69
$35.69
$35.75
$35.02
4,755,175
1,150,925
$37.06
$25.75
Latest Key Developments (Source: Significant Developments)
Sensata Technologies Holding NV Announces Offering of 12,500,000 Ordinary Shares By Selling Shareholders
Sensata Technologies Holding NV announced that the commencement of an underwritten public offering of 12,500,000 ordinary shares by existing shareholders as identified in the prospectus supplement relating to this offering. Sensata Technologies will not receive any proceeds from this offering. The underwriters will offer the ordinary shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. BofA Merrill Lynch and Morgan Stanley & Co. LLC are acting as book-running managers of the offering. Full Article
Sensata Technologies Holding NV Issues Q2 2013 Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 Guidance
Sensata Technologies Holding NV announced that for second quarter of 2013, it expects net revenue of $485 million to $505 million for the second quarter 2013, which, at the midpoint, is 5.2% higher than the first quarter 2013 net revenue of $470.4 million. The Company also expects adjusted net income of $0.50 to $0.54 per diluted share for the second quarter 2013. The Company's net revenue and adjusted net income per share guidance for fiscal 2013 remain unchanged. The Company anticipates net revenue of $1.93 to $2.03 billion which, at the midpoint, represents growth of 3.5% compared to the full year 2012 net revenue of $1.91 billion. The Company further expects adjusted net income of $2.00 to $2.20 per diluted share, for fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $496 million and EPS of $0.53 for second quarter of 2013; revenue of $1.96 billion and EPS of $2.13 for fiscal 2013. Full Article
Sensata Technologies Holding NV Announces Departure Of Chief Financial Officer Robert Hureau
Sensata Technologies Holding NV announced that after more than six years with Sensata, Robert Hureau has announced his resignation as Senior Vice President, Chief Financial Officer (CFO) to pursue another opportunity. Effective immediately, Jeff Cote, Sensata's Executive Vice President, Chief Operating Officer and previously Sensata's CFO, will serve as interim Chief Financial Officer while the firm undertakes a search for Mr. Hureau's replacement. Mr. Hureau and Mr. Cote will work together for a period of time yet to be determined to ensure a smooth transition. Full Article
Sensata Technologies Holding NV Selling Shareholders Price Offering Of Ordinary Shares
Sensata Technologies Holding NV announced that certain of its existing shareholders have agreed to sell 15,000,000 ordinary shares in an underwritten public offering. Sensata Technologies will not receive any proceeds from this offering. The offering is expected to close on February 19, 2013. Morgan Stanley & Co. LLC acted as sole book-running manager and underwriter of the offering. The underwriter may offer the ordinary shares from time to time for sale in negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The last reported sales price of Sensata Technologies' ordinary shares on February 12, 2013 was $33.70 per share. Full Article
Sensata Technologies Holding NV Announces Offering Of 15,000,000 Ordinary Shares By Selling Shareholders
Sensata Technologies Holding NV announced the commencement of an underwritten public offering of 15,000,000 ordinary shares by existing shareholders as identified in the prospectus supplement relating to this offering. Sensata Technologies will not receive any proceeds from this offering. The underwriters will offer the ordinary shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. Morgan Stanley & Co. LLC is acting as sole book-running manager of the offering. Full Article
Sensata Technologies Holding NV Issues FY 2013 Guidance; Earnings Guidance Below Analysts' Estimates; Issues FY Q1 2013 Guidance Below Analysts' Estimates
Sensata Technologies Holding NV announced that for fiscal 2013, it anticipates net revenue of $1.93 billion to $2.03 billion, earnings per diluted share calculated in accordance with U.S. generally accepted accounting principles (GAAP) of $1.03 to $1.22 and adjusted net income of $365 million to $400 million, or $2.00 to $2.20 per diluted share (EPS). For the first quarter of 2013, the Company anticipates net revenue of $450 million to $470 million, earnings per diluted share calculated in accordance with GAAP of $0.17 to $0.22 and adjusted net income of $78 million to $86 million, or $0.43 to $0.47 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.99 billion, net income of $408 million and EPS of $2.23 for fiscal 2013; and revenue of $482 million, net income of $95 million and EPS of $0.52 for the first quarter of 2013. Full Article
Sensata Technologies Holding NV Announces Appointment Of Chief Executive Officer
Sensata Technologies Holding NV announced that Martha Sullivan has assumed the role of Chief Executive Officer (CEO) and a director of the Company in a planned leadership transition. Ms. Sullivan, who continues to hold the title of President, succeeds Thomas Wroe, who stepped down as Chief Executive Officer on December 31, 2012. Wroe will remain on the Board of Directors and become Non-Executive Chairman. The CEO succession plan was first announced in April 2012. Full Article
Sensata Technologies Holding NV Selling Shareholders Price Offering Of Ordinary Shares
Sensata Technologies Holding NV announced that certain of its existing shareholders have agreed to sell 10,000,000 ordinary shares in an underwritten public offering at a price to the public of $29.95 per share. Sensata Technologies will not receive any proceeds from this offering, other than proceeds from options exercised by certain selling shareholders in connection with the offering. The offering is expected to close on December 17, 2012. Morgan Stanley and Barclays acted as joint book-running managers of the offering. Full Article
Sensata Technologies Holding NV Announces Offering Of 10,000,000 Ordinary Shares By Selling Shareholders
Sensata Technologies Holding NV announced the commencement of an underwritten public offering of 10,000,000 ordinary shares by existing shareholders as identified in the prospectus supplement relating to this offering. Sensata Technologies will not receive any proceeds from this offering, other than proceeds from options exercised by certain selling shareholders in connection with the offering. The underwriters will offer the ordinary shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. Morgan Stanley and Barclays are acting as joint book-running managers of the offering. Full Article
Sensata Technologies Holding NV Sees Q3 2012 Charge Guidance
Sensata Technologies Holding NV announced it expects to take a charge of approximately $3-5 million in the third quarter of 2012 for loss of inventory, equipment and damage to the building. The Company further expects some loss of revenue in the fourth quarter of 2012 due to the fire and related damage to operations in JinCheon. Full Article
TEXT-S&P upgrades Sensata Technologies to 'BB', outlook stable
Overview -- The Netherlands-based manufacturer Sensata Technologies Holding N.V.'s largest shareholder, Bain Investment Co. S.C.A., sold shares that reduced its ownership in Sensata to about 45% from about 50%. -- We believe Bain's continued exit reduces risks related to Sensata pursuing a more aggressive financial policy. -- We are raising our ratings on Sensata, including our corporate credit rating to 'BB' from 'BB-'. -- The stable outlook reflects our expectation that
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