Reports Q4 revenue $1.01B, consensus $999.16M. "Sensata continued to execute its strategic growth plan and delivered 10.0% organic revenue growth in Q4 and a record $4.0B in revenue for the full year, including revenue growth outpacing markets served by 820 basis points," said CEO Jeff Cote. "During 2022, the company was awarded over $1B in new business wins, a new record that demonstrates the value of Sensata’s investments in the growth vectors of electrification and data insights. The significant business wins in the past two years underpin the future market outgrowth of the company and our strong long-term performance. Looking forward, given our established success in our Electrification and Insights businesses, Sensata will focus on integrating and growing these innovative platforms organically, and prioritize earnings growth and the resulting free cash flow toward strengthening the balance sheet and de-levering, including targeting a net leverage range of 1.5x to 2.5x within the next 2 to 3 years."
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