TE Connectivity plc - TEL STOCK NEWS

TE Connectivity (NYSE: TEL) has been recognized by the Dow Jones Sustainability Index for the 13th consecutive year, highlighting its commitment to sustainable business practices. The company ranks among the top 10% of the largest companies in the S&P Global Broad Market Index, based on comprehensive economic, governance, environmental, and social criteria.

CEO Terrence Curtin emphasized the company's dedication to making a positive global impact through sustainable products and practices. Notable achievements include having their greenhouse gas reduction targets validated by the Science Based Targets Initiative, achieving a 72% reduction in Scope 1 and 2 emissions since 2020, and sourcing over 77% of their energy from renewable sources.

TE Connectivity (NYSE: TEL) has announced it will release its first quarter fiscal 2025 financial results before market opening on January 22, 2025. The company will host a conference call for investors at 8:30 a.m. ET on the same day. Investors can access the call through the company's website at investors.te.com or via telephone. The U.S. dial-in number is (800) 715-9871, while international callers can dial (646) 307-1963. A replay of the conference call will be available on the company's investor website at 11:30 a.m. ET.

TE Connectivity (NYSE: TEL) reported strong Q4 and fiscal 2024 results, with Q4 net sales of $4.1 billion, up 1% year-over-year. The company achieved record adjusted EPS of $1.95 in Q4, up 10% year-over-year. Full-year highlights include net sales of $15.8 billion, record operating margins, and record cash flow generation of $3.5 billion from operations. The board authorized a $2.5 billion increase in share repurchase program. For Q1 FY25, TE expects net sales of approximately $3.9 billion and adjusted EPS of $1.88.

TE Connectivity (NYSE: TEL) has announced it will release its fourth quarter and full year financial results for fiscal 2024 on October 30, 2024, before trading begins. The company will host a conference call for investors at 8:30 a.m. ET on the same day.

Investors can access the call through TE Connectivity's website at investors.te.com or by telephone. The dial-in number for U.S. participants is (800) 715-9871, while international callers can use (646) 307-1963. A replay of the conference call will be available on the company's investor website at 11:30 a.m. ET on October 30, 2024.

TE Connectivity plc (NYSE: TEL), a world leader in connectivity and sensors, has appointed Sam Eldessouky to its board of directors, effective Oct. 4, 2024. Eldessouky, currently the executive vice president and chief financial officer of Bausch + Lomb , brings valuable expertise in accounting and financial leadership to the board.

Eldessouky's extensive experience includes roles at Bausch Health Companies, Tyco International plc, and PwC. He holds a Bachelor of Science in accountancy from Ain Shams University and a master's degree in accounting and finance from the University of Liverpool. TE Connectivity Chairman John Davidson expressed pleasure in welcoming Eldessouky to the board, highlighting his range of valuable expertise.

TE Connectivity plc (NYSE: TEL) has completed its change in place of incorporation from Switzerland to Ireland. Shareholders received one share of TE Connectivity plc for each share of TE Connectivity held prior to the change. The company remains a U.S. SEC reporting entity, and its shares continue trading on the NYSE under the symbol TEL.

Shareholders previously approved a dividend of $0.65 per share, payable in four quarterly installments. The first two fiscal quarters' dividends for 2025 are scheduled for December 6, 2024, and March 7, 2025. From the third fiscal quarter of 2025, dividends will be declared and paid quarterly as per Irish Law.

TE Connectivity will apply to the Irish High Court for approval to reduce its share premium account, creating distributable reserves post-reincorporation. The hearing date will be announced on TE.com once known.

TE Connectivity (NYSE: TEL) announced that its subsidiary, Tyco Electronics Group S.A., has priced an offering of $350 million in 4.625% senior notes due 2030. The notes will be issued at 99.459% of their face value with a 4.625% annual interest rate, payable semi-annually. TE Connectivity plans to use the net proceeds for general corporate purposes, potentially including debt repayment. The offering, expected to close on August 2, 2024, is being managed by BNP Paribas Securities Corp., Deutsche Bank Securities Inc., and Goldman Sachs & Co. This announcement is not an offer to sell or solicitation to buy securities.

TE Connectivity (NYSE: TEL) reported strong fiscal Q3 2024 results, with adjusted EPS of $1.91, up 8% year-over-year and exceeding guidance. Despite a 1% decline in reported net sales to $4.0 billion, organic sales grew 2%. The company achieved record operating margins of 19.3%, up 200 basis points year-over-year. Orders increased 4% to $4.1 billion, driven by momentum in artificial intelligence programs. TE Connectivity generated record year-to-date cash flow, with cash from operations up 22% to $2.4 billion and free cash flow up 36% to $2.0 billion. For Q4 FY24, the company expects net sales of $4.0 billion and adjusted EPS of $1.94, up 9% year-over-year.

TE Connectivity (NYSE: TEL) will announce its Q3 fiscal 2024 financial results on July 24, 2024, before the market opens. The company will host an investor conference call at 8:30 a.m. ET to discuss the results. Interested parties can join the call via TE Connectivity's investor website or by dialing (800) 715-9871 in the U.S. and (646) 307-1963 internationally. A replay will be available on the investor website at 11:30 a.m. ET the same day.