Sensata Technologies Reports In-Line Results in Q4; Maintain $49 FVE
Sensata Technologies reported fourth-quarter revenue and EPS results that were at the high end of management’s guidance range and roughly in line with our expectations. New business wins across the company’s key growth initiatives, including sensors for emissions and diagnostics, contributed to Sensata’s solid top-line results. Further, Sensata’s improved profitability was largely driven by its success thus far in integrating the Schrader and CST acquisitions, reaffirming our investment thesis. ...
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