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 ...

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 ...

Financial Performance - Fiscal 2024 net sales decreased by 1.2% to $15,845 million compared to fiscal 2023, with Transportation Solutions down 2.0% and Industrial Solutions down 1.5%[188][198] - Organic net sales were flat in fiscal 2024, with pricing actions positively affecting organic net sales by $105 million[188][203] - The company expects first quarter fiscal 2025 net sales to be approximately $3.9 billion, up from $3.8 billion in the first quarter of fiscal 2024[193] - The gross margin increased by $401 million in fiscal 2024, resulting in a gross margin percentage of 34.4% compared to 31.5% in fiscal 2023[203] - Operating income for fiscal 2024 was $2,796 million, up from $2,304 million in fiscal 2023, resulting in an operating margin of 17.6%, compared to 14.4% in the previous year[210] - The Transportation Solutions segment's net sales decreased by $190 million, or 2.0%, in fiscal 2024, primarily due to a divestiture impact of 1.7% and foreign currency translation of 0.6%[218] - The Industrial Solutions segment's net sales decreased by $70 million, or 1.5%, in fiscal 2024, with organic net sales declining by 3.3%[225] - Communications Solutions segment net sales increased by $71 million, or 3.7%, in fiscal 2024 compared to fiscal 2023, driven primarily by organic net sales growth of 4.8%[230] - Operating income for the Communications Solutions segment rose by $110 million to $361 million in fiscal 2024, with an operating margin of 18.4% compared to 13.2% in fiscal 2023[231] - Organic net sales in the Data and devices category increased by 10.2% in fiscal 2024, attributed to growth in AI applications[230] - Organic net sales in the Appliances category decreased by 3.7% in fiscal 2024 due to reduced demand from inventory corrections and strategic exits from certain product lines[231] - For fiscal year 2024, the net loss was $271 million, a significant improvement from a net loss of $606 million in fiscal year 2023[256] Cash Flow and Capital Management - Net cash provided by operating activities was $3,477 million in fiscal 2024[190] - Cash provided by operating activities increased by $345 million to $3,477 million in fiscal 2024, primarily due to higher pre-tax income[237] - Capital expenditures were $680 million in fiscal 2024, with expectations for fiscal 2025 capital spending to be approximately 5% of net sales[239] - Total debt at fiscal year end 2024 was $4,203 million, a slight decrease from $4,211 million in fiscal year end 2023[242] - Cash and cash equivalents at fiscal year end 2024 totaled approximately $4.7 billion, with a significant portion considered permanently reinvested[236] - The company authorized an increase of $1.5 billion in its share repurchase program, repurchasing approximately 14 million shares for $1,991 million in fiscal 2024[251] - The company sold one business for net cash proceeds of $59 million during fiscal 2024, recording a pre-tax gain on sale of $10 million[196] Expenses and Charges - In fiscal 2024, selling, general, and administrative expenses increased by $62 million to $1,732 million, representing 10.9% of net sales compared to 10.4% in fiscal 2023[205] - Net restructuring charges were $144 million in fiscal 2024, down from $260 million in fiscal 2023, with expected annualized cost savings of approximately $85 million[207] - Interest income rose by $27 million to $87 million in fiscal 2024, attributed to higher interest rates and increased average cash balances[212] Tax and Deferred Assets - The effective tax rate for fiscal 2024 was (14.2)%, compared to 16.0% in fiscal 2023, reflecting a significant change in income tax expense[212] - The valuation allowance for deferred tax assets increased to $8,285 million in fiscal 2024 from $7,416 million in fiscal 2023[215] - The company has significant valuation allowances for deferred tax assets, which may impact future income tax expenses[283] - The company recorded unrecognized income tax benefits of $652 million and related accrued interest and penalties of $80 million, with uncertain timing for realization[263] Business Acquisitions and Divestitures - The company acquired approximately 98.7% of Schaffner Holding AG for CHF 294 million (approximately $339 million) during the first quarter of fiscal 2024[194] - During fiscal 2024, the company acquired one business for $339 million, net of cash acquired[240] Risk Management and Compliance - The company utilizes established risk management policies to manage market risks associated with interest rate and foreign currency movements[301] - The company does not execute transactions for trading or speculative purposes, limiting exposure to major financial institutions[302] - The company settled trade compliance matters with a penalty payment of approximately $6 million during the fourth quarter of fiscal 2024[267] - The company does not expect legal proceedings to have a material adverse effect on its results of operations, financial position, or cash flows[266] Pension and Obligations - The company expects to contribute approximately $70 million to pension plans in fiscal 2025[264] - At fiscal year end 2024, a 25-basis-point decrease in discount rates would have increased the present value of pension obligations by $68 million[289] - A 50-basis-point change in expected long-term returns on plan assets would have impacted fiscal 2024 pension expense by $8 million[289] - Total contractual cash obligations for the company amounted to $6,489 million, with $2,075 million due in fiscal 2025[261] Market Conditions and Commodity Prices - Average copper prices decreased from $4.09 per pound in fiscal 2023 to $3.91 per pound in fiscal 2024, while gold prices increased from $1,860 to $2,027 per troy ounce[204] - Commodity hedges related to expected purchases of gold, silver, copper, and palladium had a net gain position of $55 million at fiscal year end 2024, compared to a net loss of $23 million at fiscal year end 2023[307] - A 10% change in commodity prices from fiscal year end 2024 prices would have altered the unrealized value of forward contracts by $54 million[307] - The unrealized value of cross-currency swap contracts would have changed by $538 million with a 10% currency fluctuation from fiscal year end 2024 market rates[304] Goodwill and Impairment - The company completed its annual goodwill impairment test in the fourth quarter of fiscal 2024 and determined that no impairment existed[280] Other Financial Metrics - The company had outstanding letters of credit and guarantees totaling $186 million at the end of fiscal year 2024, including $22 million related to the divestiture of the Subsea Communications business[259] - The company had $131 million in redeemable noncontrolling interests associated with its First Sensor AG subsidiary[265] - There were no floating debt outstanding at fiscal year end 2024 or 2023, indicating effective interest rate management[305]

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 ...