| --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------|--------------|--------------| | | | | | Potential for multiple expansion | | | | | FY 24 | FY"23 (c) | | Growth opportunities, FY'24 (b | 8.3x 0.3x | 8.3 0.00 | | | | | | Warranted multiple (a+b) Implied value | 8.60 $25,839 | 8.3x $22,819 | | Potential multiple ch | | | | (a). Multiple on current operations value. Calculated as 1/12% (b). Multiple on future growth ...

SCHAFFHAUSEN, Switzerland, July 10, 2024 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) will report financial results for the third quarter of fiscal 2024 before trading begins on July 24, 2024. The company will hold a conference call for investors at 8:30 a.m. ET. The conference call may be accessed in the following ways: At TE Connectivity's website: investors.te.com By telephone: For both "listen-only" participants and those participants who wish to take part in the question-and-answer portion of the c ...

About TE Connectivity This release 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 anticipated results, performance, financial condition or achievements. All statements contained herein that are ...

A month has gone by since the last earnings report for TE Connectivity (TEL) . Shares have added about 6.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is TE Connectivity due for a pullback? 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. TE Connectivity Q2 Earnings Beat Estimates, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 29, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 001-33260 (Commission File Number) TE CONNECTIVITY LTD. (Exact name of registrant as specified in its charter) Switzerland (Jurisdiction of Incorporation) 98-0518048 (I.R. ...

TE Connectivity Ltd. (NYSE:TEL) Q2 2024 Results Conference Call April 24, 2024 8:30 AM ET Company Participants Sujal Shah - Vice President, Investor Relations Terrence Curtin - Chief Executive Officer Heath Mitts - Chief Financial Officer Conference Call Participants Mark Delaney - Goldman Sachs Luke Junk - Baird Amit Daryanani - Evercore Partners Wamsi Mohan - Bank of America Samik Chatterjee - JPMorgan Joe Giordano - TD Cowen Asiya Merchant - Citigroup Saree Boroditsky - Jefferies Steven Fox - Fox Advisor ...

Exhibit 99.1 NEWS RELEASE te.com TE Connectivity announces second quarter results for fiscal year 2024 Year-over-year EPS growth driven by significant margin expansion; record cash flow generation SCHAFFHAUSEN, Switzerland – April 24, 2024 – TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal second quarter ended March 29, 2024. Second Quarter Highlights "Our teams delivered EPS above our guidance this quarter with double-digit earnings growth driven by margin expansion in all three of ou ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 29, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 001-33260 (Commission File Number) TE CONNECTIVITY LTD. (Exact name of registrant as specified in its charter) Switzerland (Jurisdiction of Incorporation) 98-0518048 (I ...

Financial Data and Key Metrics - Q1 sales were $3.83 billion, in-line with guidance, with flat revenue growth [105] - Adjusted operating margins expanded to 19.1%, up 290 basis points year-over-year, driven by strong operational performance [98][109] - Adjusted EPS was $1.84, up 20% year-over-year, ahead of guidance [109] - Free cash flow reached a record $570 million in Q1, building on strong cash performance from the previous year [91][119] Business Line Data and Key Metrics - Transportation segment sales grew 5% organically, driven by 8% growth in the auto business, with 13% growth in Asia and 7% in Europe [100] - Industrial segment sales were down 5% organically, with growth in Aerospace, Defense & Marine (AD&M), Medical, and Energy, but weakness in Industrial Equipment [118] - Communications segment sales were down 17% organically, with destocking now occurring only in pockets, and growth expected in the second half driven by AI applications [107][125] Market Data and Key Metrics - Global auto production was slightly over 22 million units in Q1, with stronger production in China offsetting weakness in Europe and North America [96] - EV production is expected to grow 25% this year, with two-thirds of EVs produced in Asia, where the company has a strong position [129][139] - Industrial Equipment destocking is expected to continue into the second half of the fiscal year, impacting organic growth [86][123] Company Strategy and Industry Competition - The company is focused on secular growth trends, including EV adoption, renewable energy, and AI applications [93][101] - Portfolio optimization and footprint consolidation have contributed to margin expansion, particularly in the Transportation segment [89][113] - The Schaffner acquisition expands the company's product portfolio in factory automation, with expected revenue of $40 million per quarter [152][168] Management Commentary on Operating Environment and Future Outlook - The company expects a slow global economic environment but remains confident in its ability to deliver strong margin expansion and earnings growth [84][120] - Q2 sales are expected to increase to $3.95 billion, driven by growth in the Industrial segment, partially offset by a slight decline in Transportation [94] - The company anticipates adjusted operating margins to remain in the high-teens for the Communications segment and mid-teens for the Industrial segment [133][149] Other Important Information - The company was included in the Dow Jones Sustainability Index for the 12th consecutive year, reflecting its commitment to sustainable business practices [95] - Restructuring charges for FY2024 are expected to be approximately $100 million, well below prior years, with future charges driven by bolt-on acquisitions [127] Q&A Summary Question: Can you elaborate on the factors driving the strong margin performance this quarter? [124] - Answer: Margin expansion was driven by operational execution, footprint consolidation, portfolio optimization, and price actions to offset higher input costs, particularly in the Transportation and Communications segments [124][132] Question: How is the company managing pricing in the Transportation segment, especially in automotive? [67] - Answer: The company has maintained neutral pricing by focusing on input costs and has successfully implemented price actions to offset inflationary pressures [67][68] Question: What is the outlook for EV adoption and its impact on the auto business? [144] - Answer: EV production is expected to grow 25% this year, with two-thirds of EVs produced in Asia, where the company has a strong position. The company expects 4-6% content outperformance in the auto business [129][139] Question: Can you provide more details on the Schaffner acquisition? [157] - Answer: Schaffner expands the company's product portfolio in factory automation, with expected revenue of $40 million per quarter. The acquisition is expected to improve profitability over time [152][168] Question: How is the company managing destocking in the Industrial Equipment business? [123] - Answer: Destocking in Industrial Equipment is expected to continue into the second half of the fiscal year, impacting organic growth. The company is focusing on direct customer relationships to mitigate the impact [123][128] Question: What is the outlook for AI-related revenue in the Communications segment? [165] - Answer: The company expects $200 million in AI-related revenue in FY2024, with growth expected in the second half of the year. AI applications are expected to drive higher content and revenue in the Communications segment [165][169]

6 Other 23 17 Total Debt $4,218 $4,198 Days Outstanding* 59 61 Appendix The following provides additional information regarding our nonGAAP financial measures: Adjusted Income Tax (Expense) Benefit and Adjusted Effective Tax Rate – represent income tax (expense) benefit and effective tax rate, respectively, (the most comparable GAAP financial measures) after adjusting for the tax effect of special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, other inc ...