Sensata to sell Insights Business for $165M; records $95M impairment charge

Sensata Technologies Holding plc

Sale of Insights to Balmoral Funds for ~$165M cash, expected close in 2024 subject to conditions.
Non-cash pre-tax impairment charge of ~$95M in Q3 2024; no future cash expenditure expected.
Reaffirms Q3 2024 guidance on revenue, adjusted operating income, adjusted net income, and adjusted EPS.
Q4 2024 revenue guidance of $920M-$950M reflecting the divestiture of Insights.

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