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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) announced an increase of $1.5 billion to its share repurchase program, reflecting a strong commitment to enhancing shareholder value. The repurchases will be executed in compliance with applicable securities laws through open market or private transactions. This decision is subject to market conditions and may be altered as necessary. TE Connectivity, renowned for its connectivity and sensor solutions, continues to prioritize sustainable and productive growth in various industries, ensuring 'Every Connection Counts.'
Terrence Curtin, CEO of TE Connectivity Ltd. (NYSE: TEL), will present virtually at Bernstein's 37th annual Strategic Decisions Conference on June 3 at 8:00 a.m. EDT. He will highlight the company's favorable position to benefit from global trends in electric mobility, cloud computing, and factory automation. Additionally, he will address TE's Environmental, Social, and Governance (ESG) initiatives aimed at sustainable operations and applications. A replay of the webcast will be available on TE's investor website.
TE Connectivity Ltd. (NYSE: TEL) reported robust fiscal Q2 results, with net sales of $3.7 billion, marking a 17% increase year over year. Orders surged to $4.6 billion, up 36% from last year. GAAP diluted EPS reached $1.51, while adjusted EPS stood at $1.57, reflecting a 22% growth. The company generated $580 million in cash flow from operations and $477 million in free cash flow, returning $340 million to shareholders. For Q3 FY21, TE Connectivity anticipates net sales of $3.7 billion and EPS of approximately $1.51.
TE Connectivity Ltd. (NYSE: TEL) will announce its second quarter financial results for fiscal 2021 before trading begins on April 21, 2021. A conference call for investors is scheduled for 8:30 a.m. ET on the same day, which can be accessed via the company's investor website or by telephone. TE Connectivity is a global leader in industrial technology with a focus on connectivity and sensor solutions across various sectors, including transportation and medical technology. The company employs approximately 80,000 individuals.
TE Connectivity Ltd. (NYSE: TEL) announced that shareholders approved a $2.00 dividend per share at the Annual General Meeting on March 10, 2021. This dividend will be paid in four equal quarterly installments of $0.50. The payment dates are set for June 4, 2021, September 3, 2021, December 3, 2021, and March 4, 2022, with record dates being May 21, 2021, August 20, 2021, November 19, 2021, and February 18, 2022. This decision reflects the company's financial strength and commitment to returning value to shareholders.
TE Connectivity Ltd. (NYSE: TEL) announces that CFO Heath Mitts will present at the Morgan Stanley Technology, Media and Telecom Conference on March 4, 2021, at 9:30 a.m. EST. The presentation will be virtual and will focus on TE's leadership in global growth trends, especially in hybrid and electric vehicle technology. Mitts expressed optimism about the company’s portfolio and its prospects for cash flow and value creation. The webcast will be accessible for replay on TE’s investor website.
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