TE Connectivity(US:TEL)2021-04-21 13:11Financial Performance - Q2 2021 sales reached $3.7 billion, a 17% increase on a reported basis and an 11% increase organically year-over-year[5] - Orders totaled $4.6 billion, up 36% year-over-year, resulting in a book-to-bill ratio of 1.22[5] - Adjusted operating margins increased by 80 basis points year-over-year to 17%[5] - Record quarterly adjusted EPS of $1.57, a 22% increase year-over-year, driven by operational performance[5] - Free cash flow for Q2 was $477 million, with approximately $340 million returned to shareholders[5] Segment Performance - Transportation Solutions sales increased by 23% reported and 15% organically, reaching $2.287 billion[10, 11, 15] - Industrial Solutions sales decreased by 1% reported and 4% organically, totaling $952 million[18, 19, 21] - Communications Solutions sales increased by 33% reported and 29% organically, reaching $499 million[24, 25, 26] Q3 2021 Guidance - Sales are expected to be approximately $3.7 billion, compared to $2.5 billion in the prior year[5] - Adjusted EPS is projected to be around $1.57, versus $0.59 in the prior year[5] Additional Metrics - Transportation orders increased by 50% year-over-year to $2.766 billion[7] - Communications orders increased by 45% year-over-year to $678 million[7]