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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) CEO Terrence Curtin will speak at Bernstein's 38th annual Strategic Decisions Conference on June 2, 2022, at 8:00 a.m. EDT in New York City. He will present TE's market outperformance and discuss the company's solid financial performance and diversified portfolio, which supports above-market growth. Key focus areas include electric vehicles, renewable energy, and sustainability initiatives. A replay of the webcast will be available on TE’s investor website.
TE Connectivity Ltd. (NYSE: TEL) reported fiscal Q2 2022 results with net sales of $4.0 billion, increasing 7% year-over-year. Orders reached $4.5 billion, demonstrating ongoing demand across all segments. GAAP diluted EPS rose to $1.71, a 13% increase, while adjusted EPS improved to $1.81, up 15%. Cash flow from operations was $413 million, with $670 million returned to shareholders. The company projects Q3 net sales around $3.9 billion, reflecting a slight growth despite a 300 basis point headwind from COVID-related disruptions in China.
TE Connectivity Ltd. (NYSE: TEL) will disclose its financial results for the second quarter of fiscal 2022 on April 27, 2022, before trading begins. An investor conference call is scheduled for 8:30 a.m. ET on the same day, with access available via the company's investor website and telephone. The conference call replay will be accessible at 11:30 a.m. ET on April 27, 2022. With over 85,000 employees globally, TE Connectivity specializes in connectivity and sensor solutions across various sectors, ensuring reliability in challenging environments.
TE Connectivity (NYSE: TEL) announced the election of Syaru Shirley Lin to its board of directors during the 2022 Annual General Meeting on March 9. Dr. Lin, a Compton Visiting Professor at the University of Virginia and former Goldman Sachs executive, brings extensive experience in international relations and investment banking. Her background includes leadership roles in marketing, operations, and technology, enhancing TE's strategic direction. TE Connectivity continues to position itself as a leader in technology, emphasizing its commitment to connectivity and sensor solutions across various sectors.
TE Connectivity Ltd. (NYSE: TEL) announced that its shareholders approved a $2.24 per share annual dividend at the Annual General Meeting on March 9, 2022. This dividend will be paid in four quarterly installments of $0.56. The payment dates are set for June 3, September 2, December 2, 2022, and March 3, 2023. Shareholders must be on record by May 20, August 19, November 18, and February 17, 2023, respectively, to receive their dividends. TE Connectivity is a global leader in connectivity and sensor solutions, with over 85,000 employees across 140 countries.
TE Connectivity has launched the African Heritage Scholarship Program, a $3.5 million initiative aimed at diversifying its workforce. The program will support 14 students from various U.S. colleges with internships and scholarships up to $22,500 for their junior year based on financial need. Successful interns will have the opportunity to return for a second internship the following summer. The program, created by TE's African Heritage Employee Resource Group, aims to enhance STEM representation and foster diverse talent within the company.
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