TE Connectivity(TEL)
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Telenor reports strong results and announces NOK 15 billion share buyback programme
Globenewswire· 2026-02-06 06:00
Core Insights - Telenor enters 2026 with a simplified portfolio, strong Nordic growth, and solid financial capacity, fulfilling promises made during the Capital Markets Day [1][5][6] Financial Performance - In Q4 2025, service revenues increased by 2.6% year-over-year, with adjusted EBITDA growing by 11.7%. For the full year, adjusted EBITDA reached NOK 34.5 billion and free cash flow before M&A was NOK 12.9 billion [2][14] - The Nordic region showed robust performance with 2.8% organic growth in service revenues and an 8.7% increase in adjusted EBITDA in Q4 [3] Strategic Developments - Telenor has simplified its portfolio by divesting from non-core assets, including the sale of Allente to Viaplay and Telenor Pakistan, along with a planned divestment of True Corporation valued at approximately NOK 39 billion [5][6] - The company aims to focus on a Nordic-centric strategy, which is expected to free up capital and enhance strategic flexibility [6] Shareholder Returns - The Board proposed a dividend of NOK 9.70 per share and announced a three-year share buyback program of NOK 15 billion, contingent on the completion of the True share sale [7][8] - Proceeds from the True sale will also be allocated to repay a bond loan of NOK 11.5 billion and fund the acquisition of GlobalConnect Norway B2C for NOK 6 billion [9] Security and Infrastructure - Telenor's security solutions successfully blocked around 2.1 billion digital attacks in 2025, highlighting the importance of its digital infrastructure for customer protection [10][11]
The Real Ironman Economy: How AI, Superfibers, and Defense Tech Could Theoretically Converge
Globenewswire· 2026-02-02 14:05
DENVER, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Recent reports that Palantir Technologies (NASDAQ: PLTR) has been tapped by President Trump to deploy AI systems to hunt fraud, likened in headlines to an AI “Ironman suit”, have reignited interest in how far advanced technology can really go. While the phrase is metaphorical, the underlying idea is very real: software, materials, and hardware are converging to augment human capability in ways that once sounded like science fiction. So, what if Palantir, or some fut ...
TE Connectivity (TEL) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2026-01-29 18:01
Investors might want to bet on TE Connectivity (TEL) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the s ...
Unlocking TE Connectivity (TEL) International Revenues: Trends, Surprises, and Prospects
ZACKS· 2026-01-27 15:16
Have you evaluated the performance of TE Connectivity's (TEL) international operations for the quarter ending December 2025? Given the extensive global presence of this electronics maker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now pla ...
TE Connectivity announces pricing of $750 million senior notes offerings
Prnewswire· 2026-01-26 23:30
Core Viewpoint - TE Connectivity plc has announced the pricing of an offering of additional senior notes, which will be used for debt repayment and general corporate purposes [1][3]. Group 1: Offering Details - The offering includes an additional $200 million aggregate principal amount of 4.500% Senior Notes due 2031, which will form a single series with the existing $450 million of similar notes issued on May 9, 2025, bringing the total outstanding amount to $650 million [2][9]. - The additional 2031 notes will be issued at a price of 100.907% with a stated interest rate of 4.500% per year, payable semi-annually [3]. - Additionally, the offering includes $550 million aggregate principal amount of 4.875% Senior Notes due 2036, which will be issued at a price of 99.718% [3]. Group 2: Use of Proceeds - The net proceeds from this offering will be utilized for the repayment of outstanding debt, specifically the 3.700% senior notes due 2026 and the 4.500% senior notes due 2026, along with general corporate purposes [3]. Group 3: Management and Closing - The joint book-running managers for this offering are BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and Goldman Sachs & Co. LLC, with the offering expected to close on February 9, 2026 [4]. Group 4: Company Overview - TE Connectivity plc is a global industrial technology leader focused on creating a safer, sustainable, productive, and connected future, with a workforce of over 90,000 employees, including 10,000 engineers, operating in approximately 130 countries [7].
Here is Why Growth Investors Should Buy TE Connectivity (TEL) Now
ZACKS· 2026-01-26 18:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores sy ...
TE Connectivity(TEL) - 2026 Q1 - Quarterly Report
2026-01-23 14:15
Sales Performance - Net sales increased by 21.7% in Q1 fiscal 2026, reaching $4.669 billion, driven by growth in Industrial Solutions (38.2%) and Transportation Solutions (10.0%) segments [82]. - Organic net sales growth was 15.0% in Q1 fiscal 2026 compared to the same period in fiscal 2025, with acquisitions contributing an additional 4.0% [82]. - The acquisition of Richards Manufacturing contributed $107 million to net sales in Q1 fiscal 2026 [82]. - Transportation Solutions segment net sales increased by $224 million, or 10.0%, in Q1 fiscal 2026 compared to Q1 fiscal 2025, driven by organic net sales growth of 7.0% and a positive impact from foreign currency translation of 3.0% [103]. - Industrial Solutions segment net sales increased by $609 million, or 38.2%, in Q1 fiscal 2026 compared to Q1 fiscal 2025, primarily due to organic net sales growth of 26.3% and a 9.5% contribution from acquisitions [107]. Financial Metrics - Gross margin increased by $379 million to $1.739 billion in Q1 fiscal 2026, with a gross margin percentage of 37.2% [89]. - Selling, general, and administrative expenses rose by $111 million to $538 million in Q1 fiscal 2026, representing 11.5% of net sales [92]. - Operating income for Q1 fiscal 2026 was $963 million, with an operating margin of 20.6% [96]. - Operating income for the Transportation Solutions segment rose by $55 million to $501 million in Q1 fiscal 2026, with an operating margin of 20.3% [104]. - Operating income for the Industrial Solutions segment increased by $218 million to $462 million in Q1 fiscal 2026, with an operating margin of 21.0% [108]. Cash Flow and Capital Expenditures - Cash provided by operating activities decreased by $13 million to $865 million in Q1 fiscal 2026 from $878 million in Q1 fiscal 2025, primarily due to changes in working capital levels [112]. - Capital expenditures were $258 million in Q1 fiscal 2026, with expectations for capital spending to be approximately 6% of net sales for the fiscal year [113]. Debt and Liabilities - Total debt as of December 26, 2025, was $5,708 million, showing a slight increase from $5,694 million as of September 26, 2025 [115]. - Total current liabilities increased to $1,369 million, up from $1,348 million [123]. - Total noncurrent liabilities increased to $11,262 million, compared to $10,033 million in the previous quarter [123]. Shareholder Returns - The company declared a quarterly cash dividend of $0.71 per ordinary share, payable on March 13, 2026 [119]. - The company repurchased ordinary shares valued at $406 million in Q1 fiscal 2026, maintaining $983 million of availability under the share repurchase authorization [120]. Assets - Total current assets increased to $1,283 million as of December 26, 2025, up from $1,236 million on September 26, 2025 [123]. - Total noncurrent assets rose to $3,223 million, compared to $2,465 million in the previous quarter [123]. Income and Recovery - Net income from continuing operations for the quarter ended December 26, 2025, was $13 million, a recovery from a loss of $197 million in the prior year [125]. Compliance and Legal Matters - The company has reserved an aggregate of $27 million related to potential unpaid duties, fees, and interest from a compliance investigation [131]. - The company does not expect legal proceedings to have a material adverse effect on its financial position or cash flows [130]. Market Outlook - Forward-looking statements indicate potential growth opportunities and risks related to market conditions and competition [140]. - The company reported organic net sales growth (decline) as a key performance measure, excluding impacts from foreign currency and acquisitions [136].
Telenor Group's results invitation for the fourth quarter 2025
Globenewswire· 2026-01-23 09:45
Group 1 - Telenor Group will present its fourth quarter 2025 results on February 6, 2026, at 09:00 CET [1] - The presentation will be conducted by Group CFO Torbjørn Wist due to the temporary absence of Group CEO Benedicte Schilbred Fasmer [1] - The presentation will be available via webcast only, with no live Q&A participation [1] Group 2 - Media are invited to attend the quarterly results presentation at Telenor's headquarters, followed by one-on-one interviews starting at approximately 10:15 CET [2] - Additional information for media inquiries can be obtained by emailing thomas.midteide@telenor.com [2]
TE Connectivity named to Fortune's World's Most Admired Companies list for ninth year
Prnewswire· 2026-01-22 14:20
Core Insights - TE Connectivity has been recognized on Fortune's World's Most Admired Companies list for the ninth consecutive year, reflecting its strong reputation in the global business community [1][2]. Company Performance - The CEO of TE Connectivity, Terrence Curtin, emphasized the importance of strong engineering capabilities and commitment to excellence in helping businesses compete and succeed in a rapidly advancing technological landscape [2]. - TE Connectivity collaborates with global customers to advance critical technologies, including data centers for artificial intelligence, energy networks, next-generation transportation, and industrial automation [2]. Industry Recognition - The World's Most Admired Companies ranking is based on a survey of approximately 15,000 senior executives, directors, and analysts, evaluating companies across nine key criteria, including talent attraction and innovation [3]. - Companies that rank in the top half of their industry are considered the "most admired," with the rankings including the 1,000 largest U.S. companies by revenue and non-U.S. companies with revenues of $10 billion or more [3].
Telenor sells ownership in True Corporation
Globenewswire· 2026-01-22 06:00
Core Viewpoint - Telenor has agreed to sell its 24.95% stake in True Corporation for approximately NOK 39 billion, marking a significant divestment after 25 years in Thailand [1][6]. Group 1: Transaction Details - The sale price is set at THB 11.70 per share, which represents a 36% increase from the closing price on the first trading day post-merger in March 2023, and a 4% premium to the last three months' volume-weighted average share price [7]. - Telenor will also have a mutual put/call option for the remaining 5.35% stake two years after the initial sale, priced at the higher of THB 11.70 per share or the market price at that time [1]. Group 2: Financial Implications - The proceeds from the sale of the 24.95% stake are expected to be THB 100.9 billion (approximately NOK 32.3 billion), with an additional THB 21.9 billion (approximately NOK 6.9 billion) anticipated from the option exercise [11]. - Telenor expects to recognize an accounting gain of approximately NOK 14.7 billion at the closing of the initial sale, with NOK 1.6 billion related to recycling historical currency translation differences [13]. Group 3: Strategic Context - This divestment aligns with Telenor's strategy for structural simplification and focuses on enhancing shareholder value through capital discipline and effective capital allocation [9][12]. - The sale follows Telenor's recent divestment of Telenor Pakistan, indicating a broader strategy to create structural value in Asia [8]. Group 4: Company Growth and Market Position - Telenor has established market leadership in Thailand over the past 25 years, significantly contributing to mobile connectivity for millions [4][6]. - The merger of dtac and True in 2023 created Thailand's largest telecom-tech company, positioning it for future investments in 5G, AI, and digital services [5].