Core Viewpoint - TE Connectivity (TEL) is expected to report its first-quarter fiscal 2025 earnings on January 22, with anticipated adjusted earnings of approximately $1.88 per share, reflecting a 2% year-over-year growth despite tax-related headwinds [1][2]. Earnings Estimates - The Zacks Consensus Estimate for TEL's earnings is $1.89 per share, indicating a 2.72% growth compared to the previous year [2]. - TEL has beaten the Zacks Consensus Estimate for earnings in three of the last four quarters, with an average surprise of 2.83% [3]. Sales Expectations - TEL expects first-quarter sales to be around $3.9 billion, suggesting a 2% year-over-year growth, while the consensus estimate is slightly higher at $3.91 billion, indicating a 2.09% growth [4]. - The Transportation segment sales are estimated at $2.337 billion, reflecting a 1.5% year-over-year decline, while Industrial Solutions sales are expected to grow by approximately 2% to $1.045 billion [7]. Growth Drivers - Increased demand for TEL's solutions in Artificial Intelligence (AI) applications is anticipated to drive top-line growth, particularly in Communications Solutions [5]. - The Industrial Solutions segment is expected to benefit from improving Commercial Aerospace and Defense markets, as well as strength in renewable applications [5]. - The Transportation segment's growth is supported by TEL's strong position in hybrid and electric vehicles, although there is ongoing weakness in Commercial Transportation and Sensors due to sluggish industrial application markets [6]. Stock Performance - Since the last earnings report on October 30, 2024, TEL's shares have declined by 4%, outperforming the Zacks Electronics Miscellaneous Components industry but underperforming the broader Zacks Computer & Technology sector [10]. - The near-term share price movement is expected to remain muted due to macroeconomic challenges in the Transportation Solutions segment, but long-term growth prospects are promising due to rising demand for AI solutions [11].

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Core Viewpoint - TE Connectivity (TEL) is expected to report quarterly earnings of $1.89 per share, reflecting a year-over-year increase of 2.7%, with revenues projected at $3.9 billion, up 1.8% from the previous year [1]. Earnings Projections - The consensus EPS estimate has been adjusted downward by 0.4% over the past 30 days, indicating a reassessment by analysts [1][2]. - Revisions to earnings projections are crucial for predicting investor behavior and stock performance [2]. Key Metrics Projections - The consensus estimate for 'Net sales- Transportation Solutions' is $2.32 billion, indicating a year-over-year decrease of 2.1% [4]. - 'Net sales- Industrial Solutions' is projected at $1.04 billion, reflecting a year-over-year increase of 1.9% [4]. - 'Net sales- Communications Solutions' is expected to reach $541.46 million, showing a significant increase of 25.1% from the prior year [4]. Segment-Specific Sales Estimates - 'Net sales- Industrial Solutions- Energy' is estimated at $215.71 million, up 5.2% year-over-year [5]. - 'Net sales- Industrial Solutions- Medical' is projected at $209.88 million, indicating a 4.9% increase [5]. - 'Net sales- Transportation Solutions- Automotive' is expected to be $1.76 billion, down 1.1% from the previous year [5]. Additional Sales Insights - 'Net sales- Transportation Solutions- Commercial transportation' is estimated at $337.70 million, reflecting a decrease of 5.1% year-over-year [6]. - 'Net sales- Transportation Solutions- Sensors' is projected at $228.78 million, also down 5.1% [6]. - 'Net sales- Industrial Solutions- Aerospace, defense, and marine' is expected to reach $321.47 million, up 10.9% year-over-year [7]. - 'Net sales- Communications Solutions- Appliances' is projected at $162.16 million, indicating a 5.3% increase [7]. - 'Net sales- Communications Solutions- Data and devices' is expected to be $372.14 million, reflecting a significant increase of 33.4% year-over-year [8]. - 'Net sales- Industrial Solutions- Industrial equipment' is projected at $297.30 million, down 9.9% from the prior year [8]. Stock Performance - TE Connectivity shares have decreased by 0.9% over the past month, compared to a 3.3% decline in the Zacks S&P 500 composite [8].

Executive Appointments - Telenor Group has appointed Jon Omund Revhaug as Head of Telenor Asia and Sigvart Voss Eriksen as Head of Telenor Nordics, with both executives starting no later than the end of April [1] - Both executives bring extensive telecommunications expertise and customer-centric leadership to Telenor's most significant markets [1] - Jon Omund Revhaug is a Telenor veteran with 24 years of experience, including over 15 years in Asia, and is currently acting Head of Telenor Nordics [4][6] - Sigvart Voss Eriksen currently serves as CEO of Omny, an industrial cybersecurity company, and has a strong background in customer-facing transformations and cybersecurity leadership [2][3] Leadership Expertise - Jon Omund Revhaug has a proven track record in leading Telenor's operations across Nordic and Asian markets, including roles as CEO of Telenor Myanmar and leading the merger integration between dtac and True in Thailand [6][7] - Sigvart Voss Eriksen has demonstrated leadership in cybersecurity and scalable technologies, which are critical for Telenor Nordics' transformation and operational excellence initiatives [2][3] - Both executives have extensive multi-market experience within Telenor and have successfully built high-performing teams and winning cultures [1] Strategic Focus - Jon Omund Revhaug aims to execute Telenor's strategy of scaling and building leading telco operators in Thailand, Malaysia, and Bangladesh, focusing on creating value for stakeholders [5] - Sigvart Voss Eriksen plans to drive innovation, simplification, and efficiency in Telenor Nordics, leveraging his expertise in secure and scalable digital infrastructure [3] - Telenor's leadership emphasizes the importance of delivering secure, reliable services and driving value through continued transformation in both Nordic and Asian markets [3][5] Organizational Changes - Thomas Midteide will now report directly to CEO Benedicte Schilbred Fasmer as Chief Communications Officer, reflecting a new addition to the CEO's direct reports [7]

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 ...

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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]

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 ...