GALWAY, Ireland, Jan. 3, 2025 /PRNewswire/ -- TE Connectivity (NYSE: TEL), a world leader in connectors and sensors, has earned recognition from the Dow Jones Sustainability Index for its ongoing commitment to sustainable business practices for the 13th consecutive year. "It is important to all of us at TE that we have a positive impact on the world around us," said CEO Terrence Curtin. "We continue to prioritize sustainability in our products and practices to drive future growth and help us work toward a b ...

Exhibit 99.1 NEWS RELEASE te.com TE Connectivity announces fourth quarter and fiscal 2024 results with full year records for operating margin, EPS and cash generation Board of directors authorizes $2.5 billion increase in share repurchase program GALWAY, Ireland – Oct. 30, 2024 – TE Connectivity plc (NYSE: TEL) today reported results for the fiscal fourth quarter and fiscal year ended Sept. 27, 2024. Fourth Quarter Highlights ● Net sales were above guidance at $4.1 billion, up 1% on a reported basis year ov ...

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SINGAPORE, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Heilind Asia Pacific is excited to share that it has received the 2024 Best Strategic Account Development Award from TE Connectivity, in recognition of the company's outstanding performance in driving business growth and strengthening strategic customer relationships. This award reflects our commitment to providing tailored solutions and exceptional value to key customers across the Asia Pacific region. "We’re honored to receive this recognition from TE Connecti ...

Have you looked into how TE Connectivity (TEL) performed internationally during the quarter ending September 2024? Considering the widespread global presence of this electronics maker, examining the trends in international revenues is essential for assessing its financial resilience and prospects 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 place gre ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 27, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 001-33260 (Commission File Number) Graphic | --- | --- | --- | |----------------------------------------------------------------|---------------------------------------------- ...

TE Connectivity Fourth Quarter 2024 Earnings October 30, 2024 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 conditio ...

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.Featuring 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, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Zac ...

Financial Data and Key Metrics - Q4 sales were $4.1 billion, up 2% organically year-over-year, driven by higher sales from AI applications in the Communications segment [20] - Adjusted EPS for Q4 was $1.95, up 10% year-over-year, with adjusted operating margins at 18.6%, up 130 basis points [21] - Full-year sales were $15.8 billion, with organic growth in Communications and Transportation segments offset by Industrial Equipment weakness [22] - Full-year adjusted EPS was $7.56, up 12% year-over-year, with adjusted operating margins at 18.9%, expanding 220 basis points [23] - Free cash flow for the year was a record $2.8 billion, up 17% year-over-year [23][47] Business Segment Performance Transportation Segment - Auto business declined 1% organically against a 5% global auto production decline, with 400 basis points of outperformance driven by double-digit growth in Asia [28] - Commercial Transportation business declined 4% organically, primarily due to weakness in Europe [31] - Adjusted operating margins for the Transportation segment were 19.3% in Q4 and 20% for the full year, up 300 basis points year-over-year [32] Industrial Solutions Segment - Aerospace & Defense and Energy businesses grew 14% organically, driven by strong demand and supply chain recovery [33][34] - Industrial Equipment business declined 20% organically, with weakness in factory automation, particularly in Europe [35] - Industrial segment margins were 15.6%, in line with expectations given volume levels and business mix [35] Communications Segment - Data & Devices business grew 35% organically, with AI revenue reaching $300 million in fiscal 2024, expected to double in fiscal 2025 [36] - Appliances business grew double digits for the second consecutive quarter, driven by strength in the Americas and Asia [37] - Adjusted operating margins for the Communications segment were 21.7%, showing significant improvement over the prior year [37] Market Trends and Strategic Direction - Global auto production is expected to decline slightly in fiscal 2025, with continued growth in hybrid and electric vehicle production, particularly in Asia [13] - AI applications in the Communications segment are accelerating, with $300 million in sales in fiscal 2024, expected to double in fiscal 2025 [15][36] - The company is investing in Asian operations to support EV growth and expanding engineering capacity for AI-related design wins [17] - Long-term value creation is centered around portfolio alignment with secular growth trends, margin expansion, and strong cash generation [18] Management Commentary on Operating Environment and Outlook - The company expects a return to growth in fiscal 2025, with investments in markets aligned with secular trends expected to accelerate [16][50] - Industrial end markets are expected to return to growth in 2025, with ongoing investments in engineering and capacity [16] - The company announced a $2.5 billion increase to its share repurchase program, reflecting confidence in its cash generation model [11][49] Other Important Information - The company is transitioning to a 2-segment structure, combining Transportation Solutions and Industrial Solutions, effective fiscal 2025 [4][5] - Restructuring charges for fiscal 2025 are expected to be at or below $100 million, with ongoing footprint optimization efforts [41] Q&A Session Summary AI Opportunity - The company expects AI revenue to double to $600 million in fiscal 2025, driven by design wins across a broad customer base [36][57] - AI momentum is accelerating, with orders up 40% year-over-year in Q4, following a 100% increase in the previous quarter [56] Content Outgrowth in Asia - Asia represents the largest revenue region for the company, with over 70% of EV and HEV production occurring there [13][62] - The company achieved mid-double-digit revenue growth in Asia, outperforming regional production growth by 10 points [62] New Segment Structure - The new Industrial segment is expected to finish fiscal 2024 with margins in the high teens, with a goal of reaching 20% over the midterm [69][72] - Transportation segment margins are expected to remain at or above 20%, with growth opportunities in auto and potential recovery in Commercial Transportation [70][72] Industrial Segment Weakness - Factory automation and building automation markets remain weak, particularly in Europe, with potential improvement expected in calendar 2025 [75][76] Capital Allocation - The company plans to deploy capital through share buybacks, dividends, and bolt-on acquisitions, with a $2.5 billion repurchase authorization announced [49][84] - CapEx for fiscal 2025 is expected to be $100 million higher than fiscal 2024, primarily to support AI program growth [96] Automotive Positioning in China - China represents a significant portion of the company's automotive revenue, with $2 billion in sales and strong positioning with local OEMs [87][88] - The company is opening its sixth automotive factory in China to support growth in the region [89] Commercial Vehicle Market - The commercial transportation market is expected to remain weak in fiscal 2025, with potential improvement later in the year [104][107] - The company expects to outperform the market decline by 200 basis points, with margins supported by strong performance in the auto business [105][107] Data & Devices Business - Excluding AI, the traditional datacom business is expected to return to mid-single-digit growth in fiscal 2025, driven by cloud recovery [109] Product Exits in Sensors - The company is completing $50 million of product exits in the Sensors business in fiscal 2025, focusing on automotive, heavy vehicle, medical, and factory automation markets [114]

TE Connectivity (TEL) reported fourth-quarter fiscal 2024 adjusted earnings of $1.95 per share, which was in line with the Zacks Consensus Estimate and increased 9.6% year over year. The year-over-year upside was driven by strong margin expansion. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. TEL shares were almost unchanged following the results. The stock has gained 8.7% year to date compared with the Zacks Computer and Technology sector's rise of 27.6%. Net sales were $4.07 bill ...