TE Connectivity (TEL) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.89 per share. This compares to earnings of $1.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.17%. A quarter ago, it was expected that this electronics maker would post earnings of $1.95 per share when it actually produced earnings of $1.95, delivering no surprise.Over the last four quarters, the company h ...

January 22, 2025 EVERY CONNECTION COUNTS Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation contains certain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from a ...

Financial Performance - Net sales were $3.84 billion, flat year over year on an organic basis[5] - Adjusted EPS was $1.95, up 6% year over year[5] - Adjusted operating margin reached a quarterly record of 19.4%[5] - Cash from operating activities was $878 million, up 22% year over year[5] - Free cash flow was $674 million, up 18% year over year[5] - Net cash provided by operating activities increased from $719 million to $878 million, a 22.1% increase[25] - Free cash flow rose from $570 million to $674 million, an 18.2% increase[27] - Total net sales remained flat at $3,836 million, with a slight decline in operating margin from 18.2% to 18.0%[29] - Adjusted operating income increased from $731 million to $745 million, with adjusted operating margin rising from 19.1% to 19.4%[29] - Net income from continuing operations was $528 million, with diluted earnings per share of $1.75[32] - Adjusted income from continuing operations was $586 million, with adjusted diluted earnings per share of $1.95[32] - Effective tax rate decreased from 25.2% to 23.0% after adjustments[32] - Income from continuing operations for Q4 2023 was $1.84 per diluted share after adjustments[34] - Income from continuing operations for Q1 2024 was $1.86 per diluted share after adjustments[37] - Adjusted diluted earnings per share from continuing operations for Q1 2025 is forecasted at $1.96[42] Segment Performance - Orders reached $4.0 billion, up 6% year over year and 4% sequentially, driven by the Industrial segment[5] - Transportation Solutions net sales declined by 6.3% to $2,243 million, with operating margin decreasing from 20.4% to 19.9%[29] - Industrial Solutions net sales grew by 10.8% to $1,593 million, with operating margin increasing from 14.7% to 15.3%[29] - Transportation Solutions operating income for Q4 2023 was $487 million, adjusted to $504 million after restructuring and other charges[34] - Industrial Solutions operating income for Q4 2023 was $211 million, adjusted to $227 million after acquisition-related and restructuring charges[34] - Total operating income for Q4 2023 was $698 million, adjusted to $731 million, with an operating margin of 19.1%[34] - Transportation Solutions operating income for Q1 2024 was $477 million, adjusted to $496 million after restructuring charges[37] - Industrial Solutions operating income for Q1 2024 was $215 million, adjusted to $239 million after acquisition-related and restructuring charges[37] - Total operating income for Q1 2024 was $692 million, adjusted to $735 million, with an operating margin of 18.5%[37] Shareholder Returns and Acquisitions - The company returned approximately $500 million to shareholders and deployed $325 million for bolt-on acquisitions in the Industrial segment[5] Future Outlook - For Q2 FY25, the company expects net sales of approximately $3.95 billion and adjusted EPS of $1.96, up 5% year over year[7] - Net sales growth for Q1 2025 is projected to decline by 0.4%, with organic net sales growth expected at 1.3%[42] Organizational Changes - The company reorganized into two reportable segments: Transportation Solutions and Industrial Solutions[8] Sustainability and Recognition - The company was named to the Dow Jones Sustainability Index for the 13th consecutive year[5] Asset and Liability Changes - Total assets decreased from $22,854 million to $22,441 million, a decline of 1.8%[24]

EPS above guidance with record first quarter cash generationGALWAY, Ireland, Jan. 22, 2025 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL) today reported results for the fiscal first quarter ended Dec. 27, 2024.First Quarter Highlights Net sales were $3.84 billion, flat year over year and as expected on an organic basis. Compared to guidance, sales were unfavorably impacted by increased currency exchange headwinds. Earnings per share (EPS) above guidance, with GAAP diluted EPS from continuing operation ...

TE Connectivity (TEL) is scheduled to report its first-quarter fiscal 2025 earnings results on Jan. 22.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.TEL expects fiscal first-quarter adjusted earnings to be around $1.88 per share, including headwinds of 4 cents related to the tax rate, suggesting 2% year-over-year growth.The Zacks Consensus Estimate for earnings is pegged at $1.89 per share, unchanged over the past 30 days, and indicates 2.72% growth from the figure reported in the y ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Sco ...

Wall Street analysts expect TE Connectivity (TEL) to post quarterly earnings of $1.89 per share in its upcoming report, which indicates a year-over-year increase of 2.7%. Revenues are expected to be $3.9 billion, up 1.8% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings ...

Executive Appointments - Telenor Group has appointed Jon Omund Revhaug as Head of Telenor Asia and Sigvart Voss Eriksen as Head of Telenor Nordics, with both executives starting no later than the end of April [1] - Both executives bring extensive telecommunications expertise and customer-centric leadership to Telenor's most significant markets [1] - Jon Omund Revhaug is a Telenor veteran with 24 years of experience, including over 15 years in Asia, and is currently acting Head of Telenor Nordics [4][6] - Sigvart Voss Eriksen currently serves as CEO of Omny, an industrial cybersecurity company, and has a strong background in customer-facing transformations and cybersecurity leadership [2][3] Leadership Expertise - Jon Omund Revhaug has a proven track record in leading Telenor's operations across Nordic and Asian markets, including roles as CEO of Telenor Myanmar and leading the merger integration between dtac and True in Thailand [6][7] - Sigvart Voss Eriksen has demonstrated leadership in cybersecurity and scalable technologies, which are critical for Telenor Nordics' transformation and operational excellence initiatives [2][3] - Both executives have extensive multi-market experience within Telenor and have successfully built high-performing teams and winning cultures [1] Strategic Focus - Jon Omund Revhaug aims to execute Telenor's strategy of scaling and building leading telco operators in Thailand, Malaysia, and Bangladesh, focusing on creating value for stakeholders [5] - Sigvart Voss Eriksen plans to drive innovation, simplification, and efficiency in Telenor Nordics, leveraging his expertise in secure and scalable digital infrastructure [3] - Telenor's leadership emphasizes the importance of delivering secure, reliable services and driving value through continued transformation in both Nordic and Asian markets [3][5] Organizational Changes - Thomas Midteide will now report directly to CEO Benedicte Schilbred Fasmer as Chief Communications Officer, reflecting a new addition to the CEO's direct reports [7]

Company Recognition - TE Connectivity has earned a top score on the Human Rights Campaign Foundation 2025 Corporate Equality Index, placing it among employers in the United States honored with the Equality 100 Award [1] - The company has been recognized by the Human Rights Campaign Foundation for its commitment to LGBTQ+ workplace equality [2] Corporate Values and Policies - Inclusion is one of TE Connectivity's core values, emphasizing the importance of creating a welcoming and valued environment for all employees [3] - The company continually assesses its policies worldwide to maintain a positive and productive workplace for all employees [3] Corporate Equality Index Overview - The Corporate Equality Index rates employers based on comprehensive policies, benefits, and practices that ensure greater equity for LGBTQ+ workers and their families [3] - The index includes Fortune 500 companies, AmLaw 200 law firms, and hundreds of mid- to large-sized businesses [3] Company Overview - TE Connectivity is a global industrial technology leader with a broad range of connectivity and sensor solutions [5] - The company employs over 85,000 people, including 9,000 engineers, and operates in approximately 130 countries [5] - TE Connectivity focuses on advancing next-generation transportation, renewable energy, automated factories, data centers, and medical technology [5]

GALWAY, Ireland, Jan. 7, 2025 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL) will hold its 2025 annual general meeting of shareholders (AGM) on March 12 at 2 p.m. GMT at the Conrad Dublin, Earlsfort Terrace, Dublin, Ireland. Shareholders who are registered with voting rights in the share register of TE as of the close of business (EST) on Jan. 13 (the record date) will be entitled to vote on the matters presented at the AGM. Beneficial holders whose shares are held by nominees registered with voting rights ...