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Overview
TE Connectivity (NYSE: TEL) is a global industrial technology company specializing in connectivity and sensor solutions that form the electrical architecture of advanced industrial and transportation systems. Recognized for its extensive expertise in electrical connectors and sensor technologies, TE Connectivity plays an essential role in enabling the distribution of power, signals, and data across a wide range of high-performance applications in industries such as transportation, industrial automation, and communications.
Core Business and Market Position
At its core, TE Connectivity delivers innovative interconnect solutions and sensor systems that are critical to modern engineering and technological advancements. The company’s offerings support next-generation transportation solutions, automated factories, data centers, renewable energy projects, and medical technology, among others. Leveraging its broad portfolio, which encompasses hundreds of thousands of stock-keeping units, the company’s products are integral to overcoming challenges in harsh environments and optimizing performance in dynamic market conditions.
Global Reach and Operational Excellence
With operations spanning close to 150 countries, TE Connectivity has established a formidable global presence. The company collaborates closely with engineers and customers, ensuring that every design challenge is met with robust, efficient, and high-performing solutions. Its expansive network of research and development centers, manufacturing plants, and customer support hubs enables TE Connectivity to continuously refine its products and adapt to evolving industry requirements.
Technology and Innovation
Innovation stands as a cornerstone of TE Connectivity’s approach to technology. The company invests heavily in R&D to pioneer new methods for integrating connectivity and sensor technology into advanced industrial platforms. Its solutions are engineered to maintain reliability even in the most demanding conditions, ensuring seamless operation across critical sectors such as automotive, energy networks, and automated production lines.
Industry Impact and Strategic Differentiators
TE Connectivity differentiates itself from competitors through its deep technical expertise and comprehensive approach to product development. Its ability to adapt to emerging trends – including electrification in vehicles, data connectivity in industrial processes, and the integration of artificial intelligence in sensor technology – reinforces its position as a foundational partner in the technological ecosystem. Using precise engineering and rigorous quality control processes, the company offers products that combine durability, efficiency, and performance, meeting the stringent demands of modern industrial applications.
Business Model and Revenue Generation
The company generates revenue through a diverse business model that includes direct sales, long-term partnerships, and licensing arrangements. Its extensive product portfolio, ranging from electrical connectors to advanced sensor systems, allows TE Connectivity to serve a broad spectrum of global industries. This integrated approach not only addresses the immediate needs of customers but also positions the company to benefit from the ongoing evolution of industrial and technological trends.
Commitment to Quality and Engineering Excellence
TE Connectivity's commitment to quality, rigorous engineering standards, and continuous innovation resonate throughout its operations. By fostering collaboration with engineers around the world, the company transforms conceptual challenges into practical, high-performing solutions. Its operational excellence is underpinned by a culture of innovation, where every product is designed to meet the unique requirements of varied and often challenging environments.
Conclusion
In summary, TE Connectivity stands as a vital contributor to the global industrial landscape, providing the connective tissue that powers modern technology. Its extensive reach, combined with deep engineering expertise and a commitment to innovation, ensures that the company remains an indispensable partner to industries that demand reliability and precision in their connectivity and sensor solutions. Whether in advancing next-generation transportation systems or revolutionizing industrial automation, TE Connectivity truly believes that every connection counts.
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.
TE Connectivity (NYSE: TEL) has announced its 2025 Annual General Meeting (AGM) will be held on March 12, 2025 at 2 p.m. GMT at the Conrad Dublin, Ireland. The company has updated its record date to January 13 due to the NYSE closure in observance of the National Day of Mourning for former President Jimmy Carter.
Shareholders registered with voting rights as of the close of business (EST) on January 13 will be eligible to vote at the AGM. Beneficial holders whose shares are held by nominees will be entitled to instruct their nominees to vote. The company will mail a Notice of Internet Availability of Proxy Materials to registered shareholders, providing instructions for accessing proxy materials and submitting votes online or by mail.
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.
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