TE Connectivity(TEL)

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TE Connectivity announces 9% increase in quarterly cash dividend to $0.71
Prnewswire· 2025-03-13 20:30
Group 1 - TE Connectivity plc declared a regular quarterly cash dividend of $0.71 per ordinary share, representing a 9% increase from the previous dividend of $0.65 [1] - The dividend is payable on June 10, 2025, to shareholders of record at the close of business on May 21, 2025 [1] - During the 2025 annual general meeting, shareholders voted in favor of all agenda items, including the reelection of all 12 members to the board of directors [2] Group 2 - TE Connectivity is a global industrial technology leader focused on creating a safer, sustainable, productive, and connected future [3] - The company offers a broad range of connectivity and sensor solutions that support various sectors, including transportation, energy networks, automated factories, data centers, and medical technology [3] - TE Connectivity employs over 85,000 individuals, including 9,000 engineers, and operates in approximately 130 countries [3]
TE Connectivity ranks among Clarivate Top 100 Global Innovators 2025
Prnewswire· 2025-03-12 11:04
List highlights organizations at the forefront of technology research and innovationGALWAY, Ireland, March 12, 2025 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, has been named among the Clarivate Top 100 Global Innovators, an annual list of organizations that prioritize innovation as a business strategy. TE Connectivity is a Clarivate Top 100 Global Innovator 2025. Innovation is a core value at TE, which has been named a Top 100 Global Innovator 12 times since Clarivate cre ...
TE Connectivity named among World's Most Ethical Companies for 11th consecutive year
Prnewswire· 2025-03-11 12:02
Core Insights - TE Connectivity has been recognized as one of the 2025 World's Most Ethical Companies by Ethisphere, marking its 11th consecutive year receiving this honor [2][3][4] - In 2025, a total of 136 organizations from 19 countries and 44 industries were included in the list, with TE being one of only four honorees in the electronics and components sector [2][4] Company Commitment - TE Connectivity emphasizes its commitment to innovative technology that fosters a safer, sustainable, and connected future while maintaining high ethical standards [3] - The company strengthened its anti-bribery and anti-corruption policies in 2024 and introduced a global strategy to promote ethical behavior, as evidenced by improved results in its fourth Ethics Attitude Survey [3] Recognition and Awards - In addition to the Ethisphere recognition, TE has been named to Fortune's World's Most Admired Companies list for the eighth consecutive year and has received various workplace recognitions [7] - The assessment for the World's Most Ethical Companies is based on Ethisphere's Ethics Quotient, which evaluates over 240 proof points related to ethics, compliance, governance, and social impact [5]
TE Connectivity survey reveals inconsistent emergence of AI era globally
Prnewswire· 2025-03-05 10:58
Industrial Technology Index shows most companies have begun adopting AI, but inadequate training is limiting widespread integration GALWAY, Ireland, March 5, 2025 /PRNewswire/ -- The 2025 Industrial Technology Index from TE Connectivity, a world leader in connectors and sensors, shows the integration of artificial intelligence at companies around the world is being hindered by a lack of comprehensive training programs, though optimism around the technology remains strong. The TE Connectivity Industrial ...
Why Is TE Connectivity (TEL) Down 0.8% Since Last Earnings Report?
ZACKS· 2025-02-21 17:35
A month has gone by since the last earnings report for TE Connectivity (TEL) . Shares have lost about 0.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is TE Connectivity due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. TEL Q1 Earnings Surpass Estimates, Sales In ...
TE Connectivity to acquire Richards Manufacturing to expand position in fast-growing energy market
Prnewswire· 2025-02-12 11:45
Core Viewpoint - TE Connectivity plc has entered into a definitive agreement to acquire Richards Manufacturing Co. for approximately $2.3 billion, aiming to enhance its position in the North American electrical utilities market and capitalize on growth trends in underground electrical networks [1][5][6] Company Overview - TE Connectivity is a global leader in connectors and sensors, focusing on creating a safer, sustainable, and connected future through its broad range of connectivity and sensor solutions [8][9] - Richards Manufacturing Co. is recognized as a best-in-class provider of utility grid products, specializing in underground distribution equipment and has experienced double-digit revenue growth in recent years [2][10] Strategic Rationale - The acquisition aligns with TE's strategy to invest in long-term growth trends, particularly in the energy sector, and aims to enhance grid reliability and support the increasing energy demand in North America [3][4] - TE Connectivity has been strategically investing in its Energy business to drive growth, focusing on utility-scale renewables and innovative products for the evolving energy grid [3][4] Financial Implications - The all-cash transaction is valued at approximately $2.3 billion and will be financed through cash and additional debt [5] - TE expects the acquisition to contribute annual sales of approximately $400 million with EBITDA margins in the mid-30 percent range, and anticipates a $0.10 accretion to its adjusted EPS in the first full year post-acquisition [6] Management and Integration - The management team of Richards Manufacturing will continue to lead the business after the acquisition, ensuring continuity and leveraging their expertise in the utilities market [2][4] - The transaction is subject to regulatory approvals and is expected to close in TE's fiscal third quarter, ending June 2025 [7]
Solid 2024, on the right track for 2025
Globenewswire· 2025-02-06 06:00
Core Insights - Telenor Group reported solid results in Q4 2024, with stronger cash flow than previously indicated, and proposed a dividend of NOK 9.60 per share for 2024 [1][7] Financial Performance - Organic service revenues grew by 1.1% in Q4 2024, while organic EBITDA increased by 2.0%, with EBITDA before other items reaching NOK 8.5 billion [1] - Free cash flow before M&A for Q4 was NOK 3.1 billion, totaling NOK 11.4 billion for the entire year, exceeding the annual outlook [6] - Total free cash flow, including M&A income of NOK 1.9 billion, amounted to NOK 13.3 billion [6] Regional Performance - In the Nordics, Telenor achieved 2.3% organic growth in service revenues and 6.0% organic EBITDA growth due to efficiency initiatives [3] - Nordic service revenues grew by 4.6% for the full year, with total service revenues reaching NOK 44.7 billion [9] - Bangladesh faced slow economic recovery post-unrest, but Telenor's team demonstrated resilience [5] Strategic Direction - The company aims for a free cash flow of around NOK 13 billion for the current year, before M&A and potential items [7] - Telenor's strategy focuses on evolving as a customer-centric and technology-driven company while maintaining a strong dividend policy [8] Digital Crime Prevention - Telenor successfully prevented over 2.2 billion digital crime attempts against Norwegian customers throughout 2024 [10]
TE Connectivity named among World's Most Admired Companies by Fortune magazine for the eighth consecutive year
Prnewswire· 2025-02-04 13:30
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 ...
TE Connectivity announces pricing of €750 million 3.250% senior notes offering
Prnewswire· 2025-01-29 00:19
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]
TE Connectivity (TEL) Reliance on International Sales: What Investors Need to Know
ZACKS· 2025-01-27 15:15
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]