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]

Core Insights - TE Connectivity (TEL) reported revenue of $3.84 billion for the quarter ended December 2024, reflecting a year-over-year increase of 0.1% and an EPS of $1.95 compared to $1.84 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $3.91 billion, resulting in a surprise of -1.92%, while the EPS exceeded expectations by +3.17% against a consensus estimate of $1.89 [1] Financial Performance - Net sales in the Transportation Solutions segment were $2.24 billion, below the average estimate of $2.34 billion, marking a year-over-year decline of -5.5% [4] - In contrast, the Industrial Solutions segment reported net sales of $1.59 billion, surpassing the average estimate of $1.30 billion, with a significant year-over-year increase of +55.4% [4] - Adjusted Operating Income for Transportation Solutions was $478 million, slightly above the estimated $468.40 million, while Industrial Solutions reported $267 million, exceeding the average estimate of $199.89 million [4] Market Performance - Over the past month, TE Connectivity shares returned +1.9%, compared to a +2.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

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]

January 22, 2025 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 condition or achievements to differ materially from a ...

Financial Performance - Net sales were $3.84 billion, flat year over year on an organic basis[5] - Adjusted EPS was $1.95, up 6% year over year[5] - Adjusted operating margin reached a quarterly record of 19.4%[5] - Cash from operating activities was $878 million, up 22% year over year[5] - Free cash flow was $674 million, up 18% year over year[5] - Net cash provided by operating activities increased from $719 million to $878 million, a 22.1% increase[25] - Free cash flow rose from $570 million to $674 million, an 18.2% increase[27] - Total net sales remained flat at $3,836 million, with a slight decline in operating margin from 18.2% to 18.0%[29] - Adjusted operating income increased from $731 million to $745 million, with adjusted operating margin rising from 19.1% to 19.4%[29] - Net income from continuing operations was $528 million, with diluted earnings per share of $1.75[32] - Adjusted income from continuing operations was $586 million, with adjusted diluted earnings per share of $1.95[32] - Effective tax rate decreased from 25.2% to 23.0% after adjustments[32] - Income from continuing operations for Q4 2023 was $1.84 per diluted share after adjustments[34] - Income from continuing operations for Q1 2024 was $1.86 per diluted share after adjustments[37] - Adjusted diluted earnings per share from continuing operations for Q1 2025 is forecasted at $1.96[42] Segment Performance - Orders reached $4.0 billion, up 6% year over year and 4% sequentially, driven by the Industrial segment[5] - Transportation Solutions net sales declined by 6.3% to $2,243 million, with operating margin decreasing from 20.4% to 19.9%[29] - Industrial Solutions net sales grew by 10.8% to $1,593 million, with operating margin increasing from 14.7% to 15.3%[29] - Transportation Solutions operating income for Q4 2023 was $487 million, adjusted to $504 million after restructuring and other charges[34] - Industrial Solutions operating income for Q4 2023 was $211 million, adjusted to $227 million after acquisition-related and restructuring charges[34] - Total operating income for Q4 2023 was $698 million, adjusted to $731 million, with an operating margin of 19.1%[34] - Transportation Solutions operating income for Q1 2024 was $477 million, adjusted to $496 million after restructuring charges[37] - Industrial Solutions operating income for Q1 2024 was $215 million, adjusted to $239 million after acquisition-related and restructuring charges[37] - Total operating income for Q1 2024 was $692 million, adjusted to $735 million, with an operating margin of 18.5%[37] Shareholder Returns and Acquisitions - The company returned approximately $500 million to shareholders and deployed $325 million for bolt-on acquisitions in the Industrial segment[5] Future Outlook - For Q2 FY25, the company expects net sales of approximately $3.95 billion and adjusted EPS of $1.96, up 5% year over year[7] - Net sales growth for Q1 2025 is projected to decline by 0.4%, with organic net sales growth expected at 1.3%[42] Organizational Changes - The company reorganized into two reportable segments: Transportation Solutions and Industrial Solutions[8] Sustainability and Recognition - The company was named to the Dow Jones Sustainability Index for the 13th consecutive year[5] Asset and Liability Changes - Total assets decreased from $22,854 million to $22,441 million, a decline of 1.8%[24]

EPS above guidance with record first quarter cash generationGALWAY, Ireland, Jan. 22, 2025 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL) today reported results for the fiscal first quarter ended Dec. 27, 2024.First Quarter Highlights Net sales were $3.84 billion, flat year over year and as expected on an organic basis. Compared to guidance, sales were unfavorably impacted by increased currency exchange headwinds. Earnings per share (EPS) above guidance, with GAAP diluted EPS from continuing operation ...