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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) 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.
TE Connectivity Ltd. (NYSE: TEL) has declared a quarterly dividend of $0.48 per share for the second quarter of fiscal year 2021. This dividend will be payable on March 5, 2021, to shareholders of record as of February 19, 2021. The announcement follows the approval from shareholders during the annual general meeting held on March 11, 2020. TE Connectivity, a leader in industrial technology, focuses on connectivity and sensor solutions across various sectors.
TE Connectivity Ltd. (NYSE: TEL) announced the pricing of €550 million senior notes due 2029 with a 0.000% interest rate, issued by its subsidiary Tyco Electronics Group S.A. The notes will be sold at 99.101% of the principal amount and are set to close on February 16, 2021. Proceeds will support general corporate purposes. This offering follows an effective registration statement filed on December 17, 2018, and the announcement includes forward-looking statements concerning potential business risks including competition and the impacts of COVID-19.
TE Connectivity Ltd. (NYSE: TEL) reported a strong fiscal Q1 2021, with net sales reaching $3.5 billion, marking an 11% increase year over year. The company saw GAAP EPS of $1.13 and adjusted EPS of $1.47, up 21%. Orders totaled approximately $4 billion, a 25% rise. Cash flow from operations was $640 million, with $529 million in free cash flow. Looking forward, TE Connectivity anticipates second quarter sales of about $3.5 billion and GAAP EPS of $1.38, projecting a 10% year-over-year increase.
TE Connectivity Ltd. (NYSE: TEL) will release its first quarter fiscal 2021 financial results on Jan. 27, 2021, before market opening. An investor conference call will follow at 8:30 a.m. ET. Investors can access the call via TE's investor website or by telephone. The company, a leader in industrial technology with a market value of $12 billion, focuses on connectivity and sensor solutions across various sectors, ensuring advancements in technology for a connected future.
TE Connectivity Ltd. (NYSE: TEL) announced that its 2021 annual general meeting (AGM) will occur on March 10 at 2 p.m. CET in Zurich, Switzerland. Shareholders registered by Feb. 18 will be eligible to vote. Due to COVID-19, the AGM will be held without in-person attendance. Voting instructions will be provided to all eligible shareholders, and proxy materials will be accessible online. Shareholders are encouraged to review the definitive proxy statement for essential information.
TE Connectivity (NYSE: TEL) announces President Steven Merkt's virtual presentation at the J.P. Morgan Tech/Auto Forum on January 12, 2021, at 8:25 a.m. PST. This forum, part of the 2021 CES, will focus on TE's advancements in hybrid and electric vehicle technology. Merkt will discuss how TE partners with global auto leaders to tackle challenges in electric vehicle production. The presentation highlights TE's commitment to sustainable mobility, fueled by government regulations and consumer demand. TE Connectivity, a $12 billion tech leader, employs about 80,000 individuals worldwide.
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