Welcome to our dedicated page for TE Connectivity plc news (Ticker: TEL), a resource for investors and traders seeking the latest updates and insights on TE Connectivity plc stock.
TE Connectivity Ltd. (NYSE: TEL) is a global leader in industrial technology, creating solutions for a safer, more sustainable, productive, and connected future. Headquartered in Schaffhausen, Switzerland, and soon to be domiciled in Ireland, TE Connectivity provides a broad range of connectivity and sensor solutions that enable the distribution of power, signal, and data across various industries.
With an impressive portfolio of over 500,000 stock-keeping units, TE Connectivity serves nearly 150 countries and employs more than 85,000 people, including 8,000 engineers. These solutions support advancements in transportation, industrial applications, medical technology, energy, data communications, and home applications.
In fiscal 2024, TE Connectivity demonstrated robust financial performance, with earnings surpassing guidance due to significant margin expansions and record free cash flow. The company’s strong presence in electric vehicles (EVs) continues to drive sales growth, particularly within the Transportation segment. The Industrial segment also showed growth, driven by renewable energy, commercial air, and medical applications. Although the Communications segment faced challenges, the company is optimistic about future growth in artificial intelligence applications.
Among TE Connectivity’s recent achievements is the proposal to change its place of incorporation from Switzerland to Ireland, aimed at positioning the company for long-term success without material changes to its operations or financial results.
As a testament to its industry leadership, TE Connectivity consistently invests in mega trends such as e-mobility, renewable energy, factory automation, and artificial intelligence. These investments are crucial for driving long-term profitable growth and maintaining the company’s competitive edge.
TE Connectivity’s commitment to innovation and customer partnership is evident in its strategic initiatives and consistent delivery of value. The company’s latest financial outlook for the third quarter of fiscal 2024 projects net sales of approximately $4.0 billion, with adjusted earnings per share (EPS) of around $1.85, despite headwinds from tax and currency exchange rates.
For more detailed and up-to-date information, including recent news and investor presentations, visit www.te.com.
TE Connectivity Ltd. (NYSE: TEL) reported strong fiscal second-quarter results for the period ending March 31, 2023, with net sales of $4.16 billion, reflecting a 4% increase from the previous year, and an 8% organic growth. The Transportation Solutions segment saw a remarkable 12% organic growth, while the Industrial Solutions segment grew by 15%, despite a 20% decline in the Communications Solutions segment. GAAP diluted earnings per share (EPS) were $1.34, with adjusted EPS exceeding expectations at $1.65. Currency fluctuations negatively impacted sales by $155 million. The company generated strong cash flow of approximately $635 million and returned $375 million to shareholders. Looking ahead, TE Connectivity anticipates third-quarter net sales of around $4.0 billion and expects GAAP EPS of approximately $1.56.
FAQ
What is the current stock price of TE Connectivity plc (TEL)?
What is the market cap of TE Connectivity plc (TEL)?
What does TE Connectivity Ltd. specialize in?
How many employees does TE Connectivity have?
What recent financial performance highlights has TE Connectivity reported?
What are some key growth areas for TE Connectivity?
Where is TE Connectivity headquartered?
What is the significance of TE Connectivity's proposal to change its place of incorporation to Ireland?
What is TE Connectivity's approach to sustainability?
How does TE Connectivity support the automotive industry?
What is TE Connectivity's expected revenue for the third quarter of fiscal 2024?
Where can I find more information about TE Connectivity?
