Operator
Good day, and welcome to the Sensata Technologies Fourth Quarter 2020 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.
I d now like to turn the conference over to Mr. Jacob Sayer, Vice President, Finance. Please go ahead.
Jacob Sayer
Vice President, Finance
Thank you, Jason, and good morning, everybody. I d like to welcome you to Sensata s fourth quarter 2020 earnings conference call.
Joining me on today s call are Jeff Cote, Sensata s CEO and President; and Paul Vasington, Sensata s Chief Financial Officer. In addition to the financial results press release we issued earlier today, we will be referencing a slide presentation during today s conference call. The PDF of this presentation can be downloaded from Sensata s Investor Relations website. We ll post a replay of today s webcast shortly
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Sensata Technologies Holding plc (NYSE: ST) ( Sensata Technologies ) today announced that its indirect wholly owned subsidiary, Sensata Technologies UK Financing Co. plc (the Issuer ), intends to redeem in full all $750,000,000 in aggregate principal amount of its outstanding 6.250% Senior Notes due 2026 (the Notes ). The redemption will be made in accordance with the terms of the indenture governing the Notes and the terms of the notice of redemption.
The Issuer expects to redeem the Notes on March 5, 2021 (the Redemption Date ) at a redemption price equal to 103.125% of the aggregate principal amount of the outstanding Notes, plus accrued and unpaid interest to (but not including) the Redemption Date (the Redemption Price ). The Redemption Price will be due and payable on the Redemption Date upon surrender of the Notes.
Sensata Technologies Advances Electrification Strategy with Acquisition of Lithium Balance (Image: Business Wire)
Founded in 2006 as a start-up at the Danish Institute of Technology, Lithium Balance has pushed battery electrification forward through the development of the next generation of BMS technologies for lithium ion batteries, including the XOLTA brand of fully modular, cloud -connected energy storage systems. (ESS).
This strategic acquisition advances Sensata’s electrification business and strategy in the clean energy markets. Sensata’s previous acquisitions, such as Gigavac in 2018, have helped position the company as a leading provider of mission-critical high voltage protection on EVs and in charging infrastructure. The addition of Lithium Balance further expands Sensata’s portfolio to offer battery management solutions to a variety of automotive OEMs and integrated energy storage solutions for commercial and industrial customers. As a combined entity, Sensata
Sensata Technologies Reports Fourth Quarter and Full Year 2020 Financial Results
Company provides First Quarter and Full Year 2021 Financial Guidance
Sensata Technologies (NYSE: ST), a global industrial technology company and leading provider of sensor-rich solutions that create insights for customers, today announced financial results for its fourth quarter and full year ended December 31, 2020.
Operating results for the fourth quarter of 2020 compared to the fourth quarter of 2019 and the third quarter of 2020 are summarized below. These results include non-GAAP financial measures, each of which is defined and reconciled to the most directly comparable GAAP measure later in this press release.
Revenue:
Revenue was $906.5 million, an increase of $59.8 million, or 7.1%, compared to $846.7 million in the fourth quarter of 2019.
Sensata Technologies Furthers Electrification Strategy with Acquisition of Lithium Balance
Sensata Technologies is proud to announce the acquisition of Lithium Balance, accelerating Sensata s efforts in electrification and clean energy markets.
Sensata Technologies (NYSE: ST), a leading industrial technology company that develops sensors, sensor-based solutions, including controllers and software, and other mission-critical products to create valuable business insights for customers and end users, today announced the full acquisition of Denmark-based Battery Management System (BMS) provider, Lithium Balance.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210202005257/en/
Sensata Technologies Furthers Electrification Strategy with Acquisition of Lithium Balance (Graphic: Business Wire)