GALWAY, Ireland, Feb. 4, 2025 /PRNewswire/ -- TE Connectivity (NYSE: TEL), a world leader in connectors and sensors, has been named to Fortune's World's Most Admired Companies list for the eighth consecutive year, reaffirming the company's strong reputation within the global business community. TE Connectivity named among World’s Most Admired Companies by Fortune magazine for the eighth consecutive year "Our teams around the world are dedicated to driving innovation and being a trusted partner to our c ...

Core Viewpoint - TE Connectivity plc has announced the pricing of €750 million senior notes offering with a 3.250% interest rate due in 2033, aimed at general corporate purposes including debt repayment [1][2][3] Group 1: Offering Details - The offering consists of €750 million aggregate principal amount of senior notes priced at 99.136% with a stated interest rate of 3.250% per year, payable annually [2] - The offering is expected to close on January 31, 2025, and is managed by BofA Securities Europe SA, Citigroup Global Markets Limited, and J.P. Morgan Securities plc [3] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate purposes, which may include the repayment of outstanding debt [3] Group 3: Company Overview - TE Connectivity plc is a global industrial technology leader with over 85,000 employees, including 9,000 engineers, operating in approximately 130 countries [6] - The company focuses on connectivity and sensor solutions that support various sectors including transportation, renewable energy, and medical technology [6]

Core Insights - TE Connectivity's (TEL) international operations are crucial for understanding its financial resilience and growth potential, especially given its extensive global presence [1][2] Revenue Performance - For the quarter ending December 2024, TEL reported total revenue of $3.84 billion, a slight increase of 0.1% year over year [4] - Asia-Pacific contributed $1.6 billion, accounting for 41.79% of total revenue, surpassing the consensus estimate of $1.32 billion by 21.27% [5] - EMEA generated $1.23 billion, representing 32.04% of total revenue, but fell short of expectations by 15.38%, as analysts had anticipated $1.45 billion [6] Future Projections - Analysts project TEL's total revenue for the current fiscal quarter to be $3.95 billion, reflecting a decline of 0.4% from the previous year [7] - For the full year, total revenue is expected to reach $16.19 billion, an increase of 2.2% from the prior year, with Asia-Pacific and EMEA projected to contribute $5.55 billion and $6.1 billion, respectively [8] Strategic Considerations - TEL's reliance on international markets presents both opportunities and challenges, necessitating close monitoring of international revenue trends to forecast the company's future direction [9][10]

Financial Performance - Net sales in Q1 fiscal 2025 were $3.836 billion, consistent with Q1 fiscal 2024, with a 6.3% decline in the Transportation Solutions segment and a 10.8% increase in the Industrial Solutions segment[109]. - The company expects net sales of approximately $3.95 billion in Q2 fiscal 2025, down from $3.97 billion in Q2 fiscal 2024, with a projected diluted loss per share of approximately $0.05[110]. - Gross margin increased by $36 million to $1.36 billion in Q1 fiscal 2025, representing 35.5% of net sales, compared to 34.6% in Q1 fiscal 2024[120]. - Operating income for Q1 fiscal 2025 was $690 million, with an operating margin of 18.0%, down from 18.2% in Q1 fiscal 2024[126]. - Transportation Solutions segment net sales decreased by $150 million, or 6.3%, in Q1 fiscal 2025 compared to Q1 fiscal 2024, primarily due to organic net sales declines of 5.2%[130]. - Operating income in the Transportation Solutions segment decreased by $41 million to $446 million in Q1 fiscal 2025, with an operating margin of 19.9%[131]. - Industrial Solutions segment net sales increased by $155 million, or 10.8%, in Q1 fiscal 2025 compared to Q1 fiscal 2024, driven by organic net sales growth of 8.6%[134]. - Operating income in the Industrial Solutions segment increased by $33 million to $244 million in Q1 fiscal 2025, with an operating margin of 15.3%[136]. - Income from continuing operations was $311 million for the quarter ending December 27, 2024, a significant improvement from a loss of $271 million in the same quarter of the previous year[153]. Cash Flow and Capital Expenditures - Net cash provided by operating activities was $878 million in Q1 fiscal 2025[109]. - Net cash provided by operating activities increased by $159 million to $878 million in Q1 fiscal 2025 from $719 million in Q1 fiscal 2024[140]. - Capital expenditures were $205 million in Q1 fiscal 2025, with expectations for capital spending to be approximately 5% of net sales[141]. Restructuring and Costs - The company incurred net restructuring charges of $43 million in Q1 fiscal 2025, with expected annualized cost savings of approximately $35 million by the end of fiscal 2026[123]. - The company anticipates total restructuring charges of approximately $100 million for fiscal 2025, with total cash spend expected to be around $200 million[123]. Shareholder Returns - Payments of ordinary/common share dividends to shareholders were $189 million in Q1 fiscal 2025, up from $183 million in Q1 fiscal 2024[148]. - The board of directors authorized an increase of $2.5 billion in the share repurchase program, with $2.4 billion remaining available as of December 27, 2024[149]. - Approximately 2 million ordinary shares were repurchased for $310 million, and 3 million common shares for $420 million during the first quarters of fiscal 2025 and 2024, respectively[149]. Debt and Assets - Total debt was $4,205 million as of December 27, 2024, compared to $4,203 million at the end of the previous quarter[144]. - Total current assets increased to $1,320 million as of December 27, 2024, compared to $1,164 million on September 27, 2024[152]. - Total noncurrent liabilities decreased to $7,431 million as of December 27, 2024, down from $10,738 million on September 27, 2024[152]. - The company has $185 million in outstanding letters of credit, including $22 million related to the divestiture of the Subsea Communications business[156]. Market Conditions and Compliance - Approximately 60% of net sales were invoiced in currencies other than the U.S. dollar in Q1 fiscal 2025, impacting reported results due to foreign currency exchange rates[117]. - The average price of copper increased to $4.09 per pound in Q1 fiscal 2025 from $3.87 in Q1 fiscal 2024, while gold rose to $2,305 per troy ounce from $1,943[121]. - Organic net sales growth is presented as a key performance measure, excluding the impact of foreign currency exchange rates and acquisitions[165]. - The company is cooperating with the U.S. State Department's Directorate of Defense Trade Controls regarding past compliance with trade controls[160]. - Forward-looking statements indicate potential growth opportunities and risks related to global economic conditions and competition[169]. - The company does not expect legal proceedings to have a material adverse effect on its financial position or cash flows[159]. Taxation - The effective tax rate for Q1 fiscal 2025 was 25.2%, compared to (158.1)% in Q1 fiscal 2024, reflecting a significant change in income tax expense[127].

TE Connectivity’s (TEL) first-quarter fiscal 2025 Transportation Solutions sales of $2.24 billion lagged the Zacks Consensus Estimate by 4.02%. The segment’s sales declined 6.3% year over year on a reported basis and dropped 5% organically.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.In the reported quarter, TEL’s adjusted earnings of $1.95 per share beat the Zacks Consensus Estimate by 3.17%. The earnings figure increased 3.17% year over year.Net sales totaled $3.84 billion, missi ...

Group 1 - Telenor Group will announce its results for the fourth quarter of 2024 on February 6, 2024, at 0900 CET / 0800 UKT [1] - The results presentation will be available via webcast only, and participants can view it without joining the live Q&A [1] - A separate press meeting for media will take place at 10.30 CET at Telenor HUB, and the session will be conducted in Norwegian [2]

Core Viewpoint - TE Connectivity (TEL) reported a mixed performance in its first-quarter fiscal 2025 results, with adjusted earnings per share (EPS) beating estimates but net sales missing expectations due to currency exchange challenges [1][2]. Financial Performance - Adjusted EPS for the first quarter was $1.95, a 6% increase year-over-year, surpassing the Zacks Consensus Estimate by 3.17% [1] - Net sales reached $3.84 billion, which was unchanged year-over-year but fell short of the consensus estimate by 1.92% [2] - The company anticipates a slight decline in net sales for the second quarter, projecting $3.95 billion, a decrease of 0.5% year-over-year, while adjusted EPS is expected to grow by 5% to $1.96 [3] Segment Performance - The Transportation Solutions segment generated $2.24 billion, accounting for 58.5% of total net sales, but saw a decline of 6.3% year-over-year [4] - Automotive sales within this segment decreased by 4% year-over-year [4] - The Industrial Solutions segment reported revenues of $1.59 billion, representing 41.5% of net sales, with an 11% year-over-year increase [5] - Within the Industrial Solutions segment, Digital Data Networks and Aerospace, Defense and Marine saw significant growth of 48% and 15% respectively, while Medical experienced a decline of 25% [6] Operating Metrics - GAAP gross margin improved by 90 basis points year-over-year to 35.5% [7] - Selling, general and administrative expenses increased to 11.1% of revenues, up 10 basis points year-over-year [7] - Adjusted operating margin expanded by 30 basis points to 19.4% [7] Balance Sheet and Cash Flow - As of December 27, 2024, cash and cash equivalents were $1.25 billion, down from $1.32 billion at the end of the previous quarter [8] - Long-term debt slightly decreased to $3.29 billion [8] - Cash generated from operations was $0.9 billion, down from $1 billion in the previous quarter, and free cash flow was $674 million, down from $833 million [8]

Financial Data and Key Metrics Changes - TE Connectivity reported its first quarter results for fiscal year 2025, with specific financial metrics to be discussed in detail during the call [3][4] Business Line Data and Key Metrics Changes - Detailed performance metrics for each business line will be provided in the subsequent sections of the call [3][4] Market Data and Key Metrics Changes - Insights into market performance and metrics will be shared as part of the overall financial discussion [3][4] Company Strategy and Development Direction - The company will outline its strategic initiatives and competitive positioning within the industry during the call [3][4] Management Comments on Operating Environment and Future Outlook - Management will provide commentary on the current operating environment and future outlook for the company [3][4] Other Important Information - The call will include forward-looking statements and the use of non-GAAP measures, with relevant details available in the press release and slide presentation [4] Q&A Session Summary Question: What are the expectations for revenue growth in the upcoming quarters? - Management will address revenue growth expectations during the Q&A session, providing insights into market conditions and company performance [3][4]

TE Connectivity (TEL) reported $3.84 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 0.1%. EPS of $1.95 for the same period compares to $1.84 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.91 billion, representing a surprise of -1.92%. The company delivered an EPS surprise of +3.17%, with the consensus EPS estimate being $1.89.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Core Viewpoint - TE Connectivity (TEL) reported quarterly earnings of $1.95 per share, exceeding the Zacks Consensus Estimate of $1.89 per share, and showing an increase from $1.84 per share a year ago, indicating a 3.17% earnings surprise [1] Financial Performance - The company posted revenues of $3.84 billion for the quarter ended December 2024, which was 1.92% below the Zacks Consensus Estimate, and slightly up from $3.83 billion year-over-year [2] - Over the last four quarters, TE Connectivity has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - TE Connectivity shares have increased approximately 3.7% since the beginning of the year, outperforming the S&P 500's gain of 2.9% [3] Future Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $2 on revenues of $4.1 billion, and for the current fiscal year, it is $8.10 on revenues of $16.48 billion [7] Industry Context - The Zacks Industry Rank for Electronics - Miscellaneous Components is in the top 38% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]