TE Connectivity (TEL) is scheduled to report its third-quarter fiscal 2024 results on Jul 24. Adjusted earnings are projected at $1.85 per share, indicating growth of 5% year over year. The consensus mark for fiscal third-quarter earnings has remained unchanged at $1.86 per share in the past 30 days, suggesting yearover-year growth of 5.08%. Let's see how things have shaped up for the upcoming announcement: TE Connectivity's fiscal third quarter performance is expected to have benefited from the well-perfor ...

| --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------|--------------|--------------| | | | | | 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. ...

Financial Data and Key Metrics Changes - The company reported second quarter sales of $3.97 billion, which was in line with guidance and represented a 3% organic growth sequentially, but a 5% decline on a reported basis year-over-year [20][48] - Adjusted earnings per share (EPS) was $1.86, up 13% year-over-year, driven by a 250 basis points expansion in adjusted operating margins to 18.5% [31][76] - Free cash flow for the first half of the fiscal year reached $1.1 billion, up 32% year-over-year, with expectations to exceed 100% free cash flow conversion for the year [32][49] Business Line Data and Key Metrics Changes - In the Transportation segment, organic growth was 1%, with double-digit growth in China offset by declines in North America and Europe [68] - The Industrial segment saw a 6% organic decline overall, but three out of four businesses continued to show growth, while the Industrial Equipment business faced a 28% organic decline due to destocking [70][71] - The Communications segment is expected to return to year-over-year growth in the third quarter, driven by momentum in high-speed cloud and AI applications [17][43] Market Data and Key Metrics Changes - Global auto production is expected to be around 21 million units per quarter for the second half of the fiscal year, with EV and hybrid production projected to increase by 24% this fiscal year [40][67] - The company noted a strengthening dollar has created headwinds for growth and earnings, impacting the second quarter and expected to continue into the third quarter [18] - The company anticipates stability in most end markets served, with improved order levels across all segments, marking the first time in 1.5 years that orders exceeded $4 billion [22][86] Company Strategy and Development Direction - The company is strategically positioned around secular growth trends, including renewable energy, cloud applications, and electric vehicle production [19] - Continued investment in the auto business is aimed at supporting engineering requirements for next-generation vehicles, including electrification and high-speed data applications [25] - The long-term value creation model remains focused on margin performance, operational leverage, and strong cash generation to return capital to shareholders while pursuing bolt-on M&A opportunities [64][78] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving double-digit earnings growth for the fiscal year, despite a slow growth environment [15] - The company expects to see normalization in the Industrial Equipment business later this fiscal year, with early indications of stabilization in order patterns [34][71] - Management highlighted the importance of AI applications, projecting revenues from AI to double from $200 million this year to $400 million next year, with a long-term goal of reaching $1 billion [72][90] Other Important Information - The company issued its "Connecting Our World" report detailing commitments to corporate responsibility and sustainability initiatives [21] - Adjusted operating margins were up in each segment compared to the prior year, indicating strong operational performance [15][48] Q&A Session Summary Question: What underpins TE's more positive view on auto production? - Management noted that despite shifts in production strategies among OEMs, global auto production is expected to remain slightly up this year, with strong growth in EVs and hybrids, particularly in China [52][82] Question: Can you elaborate on order patterns and market health? - Management indicated that destocking in the Communications segment is over, and they expect stability and growth in other segments, with sequential order momentum indicating a positive outlook [58][86] Question: What are the growth opportunities in AI solutions? - Management highlighted a broad range of products for AI applications, with expectations to double AI revenues next year and a path to $1 billion in a few years [90][92] Question: How is the company addressing pricing and margin impacts? - Management stated that pricing is expected to be neutral at the TE level, with effective price actions to recover inflation costs [125] Question: What is the outlook for fiscal 2025? - Management expressed optimism for fiscal 2025, anticipating continued growth in electric vehicles and a return to normalcy in the Industrial Equipment business, with expectations of 4% to 6% growth [116][118]

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]