Sensata Technologies provided revenue guidance for the first quarter of 2024 and Full Year 2024. For the first quarter, the company expected revenue to be in range of $970 million - $1,010 million.

The company anticipates full year revenue growth in the range of 2% to 3%. Revenue will likely be flat to slightly down year-over-year in the first and second Quarters as industrial markets continued to see destocking pressure. The second half of the year should rebound with revenues increasing in the range of 3% to 5% year-over-year with new launches and ramping products driving growth.