Announces New $500 Million Share Repurchase Authorization

Sensata Technologies Holding

27/09/2023 14:24

Sept 27 (Reuters) - Sensata Technologies Holding PLC
 ST.N :
    * ANNOUNCES NEW $500 MILLION SHARE REPURCHASE AUTHORIZATION
    * : IMPLEMENTS COST REDUCTION PLAN
    * : REAFFIRMS Q3 GUIDANCE AND PROVIDES Q4 GUIDANCE
    * EXPECTS TO RECORD CHARGES (INCLUDING SEVERANCE, SITE
CLOSURES,
AND OTHER COSTS) IN Q3 OF 2023 OF $16 - $20 MILLION
    * SEES Q4 ADJUSTED EARNINGS PER SHARE $0.89 - $0.99
    * SEES  Q4 ORGANIC REVENUE $980 - $1,020 MILLION
    * SENSATA TECHNOLOGIES SEES ACTIONS TAKEN IN Q3 PLAN WILL
RESULT
IN ANNUALIZED SAVINGS OF PERSONNEL, FACILITIES, AND OTHER COSTS
OF ABOUT $40 - $50 MILLION
    * SEES 2026 ADJUSTED EARNINGS PER SHARE $5.50 - $6.30
    * Q3 EARNINGS PER SHARE VIEW $0.90, REVENUE VIEW $1.00
BILLION --
REFINITIV IBES DATA
    * Q4 EARNINGS PER SHARE VIEW $0.95, REVENUE VIEW $1.02
BILLION --
REFINITIV IBES DATA
    * SEES 2026 REVENUE $5,000 MILLION- $5,300 MILLION

Source text for Eikon:  ID:nBw4jks9Pa 
Further company coverage:  ST.N 

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