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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) has scheduled its 2022 annual general meeting (AGM) for March 9 at 2 p.m. CET (8 a.m. EST) in Zurich, Switzerland. Shareholders registered by February 17 will be eligible to vote. Due to COVID-19 restrictions, in-person attendance will not be permitted, and shareholders must vote by proxy electronically or via mail. Important voting instructions will be communicated through a Notice of Internet Availability of Proxy Materials, sent to registered shareholders by January 6.
TE Connectivity Ltd. (NYSE: TEL) has announced a proposed increase in its quarterly dividend from $0.50 to $0.56 per share. This change will raise the annual dividend from $2.00 to $2.24 per share, effective from the third fiscal quarter of April 2022. The recommendation will be presented for shareholder approval at the Annual General Meeting on March 9, 2022. This reflects the company's commitment to returning value to shareholders and signals confidence in its financial stability.
TE Connectivity Ltd. (NYSE: TEL) will be represented by CEO Terrence Curtin at Baird's 2021 Global Industrial Conference on November 9 at 9:05 a.m. EST. The virtual fireside chat will cover TE's fiscal 2021 financial results, showcasing the company's market outperformance attributed to its diverse portfolio. Curtin will address TE's strategic positioning in key technology areas such as electric vehicles, factory automation, and renewable energy, highlighting its growth potential despite global supply chain challenges.
TE Connectivity Ltd. (NYSE: TEL) reported strong fourth-quarter and full-year results for fiscal 2021. Net sales reached $3.8 billion in Q4, a 17% increase year-over-year, with an operating margin expansion across all segments. GAAP diluted EPS was $2.40, a 46% increase compared to the previous year. For the full year, net sales totaled $14.9 billion, up 23%, and GAAP EPS improved to $6.77 from a loss of $0.78 in fiscal 2020. The company anticipates $3.7 billion in net sales for Q1 FY22, reflecting a 5% increase.
TE Connectivity Ltd. (NYSE: TEL) is set to announce its financial results for the fourth quarter and full year of fiscal 2021 on October 27, 2021, before the market opens. This report will be followed by a conference call for investors at 8:30 a.m. ET, accessible via telephone or online. TE Connectivity, a leader in industrial technology, focuses on connectivity and sensor solutions across multiple sectors, with a workforce of around 80,000 employees globally, including over 7,500 engineers.
TE Connectivity Ltd. (NYSE: TEL) announced a par call redemption for all outstanding 3.500% Senior Notes due Feb. 3, 2022, through its subsidiary Tyco Electronics Group S.A. The redemption date is set for Nov. 3, 2021, with the price equal to 100% of the principal amount. As of Sept. 27, 2021, $500 million of these Notes remain outstanding. A notice was sent to all holders, although this announcement does not serve as a formal notice of redemption. TE Connectivity is a global leader in industrial technology, employing around 80,000 individuals across 140 countries.
E2open (NYSE: ETWO) announced the appointment of Kari Janavitz as Chief Marketing Officer, effective immediately. Janavitz brings extensive experience from TE Connectivity (NYSE: TEL), where she was recognized for her contributions in brand building and digital marketing. Her role will involve overseeing various marketing functions to facilitate E2open's next growth phase. CEO Michael Farlekas emphasized Janavitz's innovative approach as a key asset for driving company growth, particularly in response to supply chain challenges exacerbated by recent global events.
TE Connectivity Ltd. (NYSE: TEL) reported record net sales of $3.8 billion, a 51% increase year-over-year, for the fiscal third quarter ended June 25, 2021. GAAP diluted EPS rose to $1.74, with adjusted EPS at $1.79, marking significant growth compared to the previous year. The company anticipates continued strong performance, forecasting fourth-quarter net sales of approximately $3.8 billion and adjusted EPS of $1.65. For the full year, expected net sales are $14.9 billion, a 22% increase, with adjusted EPS projected at $6.47.
TE Connectivity Ltd. (NYSE: TEL) will announce its third-quarter financial results for fiscal 2021 on July 28, 2021, before the market opens. The announcement will be followed by a conference call at 8:30 a.m. ET, accessible via telephone and TE's investor website. The company emphasizes its role as a leader in industrial technology, providing connectivity and sensor solutions across various sectors, including transportation and healthcare. With approximately 80,000 employees globally, TE Connectivity aims to foster a sustainable and productive future.
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