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
Core Insights - TE Connectivity has been recognized on Fortune's World's Most Admired Companies list for the eighth consecutive year, highlighting its strong reputation in the global business community [1][2] - The recognition reflects TE Connectivity's commitment to innovation and its role as a trusted partner to customers, as emphasized by CEO Terrence Curtin [1] - The evaluation of the companies on the list involved analyzing 650 organizations and surveying over 3,300 executives based on nine attributes, including financial stability, innovation, leadership, and corporate responsibility [1][2] Company Overview - TE Connectivity is a global industrial technology leader focused on creating a safer, sustainable, productive, and connected future through its connectivity and sensor solutions [3] - The company employs over 85,000 individuals, including 9,000 engineers, and operates in approximately 130 countries, ensuring that "EVERY CONNECTION COUNTS" [3]
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]