Te Conne - TEL STOCK NEWS

TE Connectivity (NYSE: TEL) has completed its acquisition of Richards Manufacturing Co., a North American leader in utility grid products and underground distribution equipment. The strategic acquisition positions TE to leverage the ongoing grid replacement and upgrade cycle in North America, enhancing its global leadership in serving utilities and energy customers.

The Richards management team will continue to operate the acquired business, ensuring operational continuity during the integration process with TE.

TE Connectivity (NYSE: TEL) has announced a significant increase in its quarterly cash dividend, raising it by 9% to $0.71 per ordinary share from the previous $0.65. The dividend will be payable on June 10, 2025, to shareholders of record as of May 21, 2025.

Additionally, during the company's 2025 annual general meeting held on March 12, shareholders approved all agenda items, including the reelection of all 12 board members.

TE Connectivity has been recognized among the Clarivate Top 100 Global Innovators 2025, marking its 12th recognition since the program's inception in 2012. The company demonstrates its commitment to innovation through impressive metrics, including over 15,000 patents granted or pending and an investment exceeding $750 million in research, development and engineering in the last fiscal year.

With a workforce of 9,000 global engineers, TE Connectivity maintains a culture of innovation that drives technological advancement and customer collaboration. The company recently published its annual Industrial Technology Index, providing market insights on innovation management.

The Clarivate Top 100 rankings are determined through the Derwent Strength Index, which evaluates the influence, success, rarity, and investment in inventions. According to Clarivate, innovation has seen an 80-fold increase in volume since 2000, highlighting the significance of this recognition in today's hyperconnected and technologically convergent global marketplace.

TE Connectivity has been recognized among the World's Most Ethical Companies for the 11th consecutive year by Ethisphere in 2025. The company stands as one of only four honorees in the electronics and components industry, among 136 organizations across 19 countries and 44 industries.

The company strengthened its anti-bribery and anti-corruption policies in 2024 and launched a global strategy promoting ethical behavior. Their fourth Ethics Attitude Survey showed improved results in compliance awareness and ethical commitment. The assessment process involved Ethisphere's Ethics Quotient, requiring 240+ proof points on various practices including ethics, compliance, governance, and environmental impact.

This recognition adds to TE's 2025 achievements, including listings in Fortune's World's Most Admired Companies, the Human Rights Campaign Foundation Corporate Equality Index, Military Friendly Company award, and workplace recognition from Top Employers Institute and Great Place to Work organizations.

TE Connectivity's 2025 Industrial Technology Index reveals uneven global AI adoption patterns, with significant implementation challenges despite widespread initiation. The survey of 1,000 engineers and executives across five countries shows that while 68% of engineers and 70% of executives report some AI integration, less than a quarter indicate 'extensive' adoption.

Key findings show stark regional differences: China leads with 28% extensive AI usage and 60% having 3+ years of implementation, while the US lags at 15% and 9% respectively. Japan (51%), Germany (38%), and India (29%) show varying levels of 3+ year AI usage.

The study highlights a critical training gap, with 42% of executives admitting their companies don't provide AI training despite strong engineer interest. Additionally, while 50% of executives recognize AI's potential for process optimization and energy efficiency, only 36% prioritize sustainability in their AI strategies. Notably, 80% of surveyed engineers express preference for employers prioritizing AI integration.

TE Connectivity (NYSE: TEL) has announced a definitive agreement to acquire Richards Manufacturing Co. for approximately $2.3 billion in an all-cash transaction. Richards, a leader in underground distribution equipment and network protector products, will strengthen TE's position in serving electrical utilities in North America.

The acquisition, expected to close in TE's fiscal third quarter (June 2025), will contribute annual sales of approximately $400 million with EBITDA margins in the mid-30% range. The transaction will be financed through cash and additional debt, with expected mid-teens return on invested capital upon completion of synergies. TE anticipates approximately $0.10 accretion to adjusted EPS in the first full year.

Richards Manufacturing, headquartered in Irvington, N.J., has experienced double-digit revenue growth in recent years and specializes in medium voltage cold-shrink cable accessories. The current Richards management team will continue to lead the business post-closing.

TE Connectivity (NYSE: TEL), a global leader in connectors and sensors, has achieved recognition on Fortune's World's Most Admired Companies list for the eighth consecutive year. CEO Terrence Curtin attributed this achievement to the company's dedication to innovation and customer partnership, aligned with TE's purpose of creating a safer, sustainable, productive, and connected future.

The prestigious list was compiled through a comprehensive analysis of 650 companies and feedback from over 3,300 executives. The evaluation process, conducted by Korn Ferry and Fortune, assessed nine key attributes, including:

• Global business effectiveness
• Talent attraction and retention
• Long-term investment value
• Innovation capabilities
• Corporate asset management
• Community and environmental responsibility

According to Laura Manson-Smith, Korn Ferry's global leader of organization strategy consulting, companies earn their ranking through leadership reputation, talent management, and strong corporate culture, beyond just financial performance.

TE Connectivity (NYSE: TEL) announced that its subsidiary, Tyco Electronics Group S.A., has priced an offering of €750 million in senior notes due 2033. The notes will be issued at 99.136% with a 3.250% annual interest rate, payable annually.

The offering is being made under a registration statement filed on October 1, 2024, with the expected closing date of January 31, 2025. The company plans to use the net proceeds for general corporate purposes, including potential debt repayment. BofA Securities Europe SA, Citigroup Global Markets , and J.P. Morgan Securities plc are serving as joint book-running managers for the offering.

TE Connectivity (NYSE: TEL) reported fiscal Q1 2025 results with net sales of $3.84 billion, flat year-over-year. The company achieved GAAP EPS of $1.75 and adjusted EPS of $1.95, up 6% year-over-year, exceeding guidance despite currency exchange headwinds.

Orders reached $4.0 billion, increasing 6% year-over-year and 4% sequentially, driven by the Industrial segment and AI programs. The company achieved record Q1 cash generation with operating cash flow of $878 million (up 22%) and free cash flow of $674 million (up 18%). TE returned approximately $500 million to shareholders and deployed $325 million for Industrial segment acquisitions.

For Q2 FY25, TE expects net sales of approximately $3.95 billion with adjusted EPS of $1.96, up 5% year-over-year, including $0.06 of currency exchange and tax headwinds.