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Stock impact report

Sensata Technologies Announces New $500 Million Share Repurchase Authorization

Sensata Technologies Holding plc Ordinary Shares (ST) 
Last sensata technologies holding plc ordinary shares earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.sensata.com
Company Research Source: Business Wire
SWINDON, England--(BUSINESS WIRE)--Sensata Technologies (NYSE: ST) today announced that its Board of Directors has authorized a new ordinary share repurchase program of $500 million. This plan replaces Sensata’s prior ordinary share repurchase program which had $254 million remaining authorization as of December 31, 2021. Sensata’s shareholders have previously approved the forms of share repurchase agreements and the potential broker counterparties needed to execute the buyback program.“Our share repurchase plan demonstrates our belief in our financial outlook and our ability to generate strong free cash flow, which we can deploy into value-creating initiatives for our shareholders,” said Jeff Cote, CEO and President. “We will continue to pursue M&A to expand our Megatrend growth initiatives. The new repurchase program will augment our existing capital deployment strategies and enable us to drive attractive returns on invested capital over the long-term.”The Company’s ordinary sha Show less Read more
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