TE Connectivity Ltd.

TEL

Equity

ISIN CH0102993182 / Valor 10299318

New York Stock Exchange, Inc (2024-09-18)

USD 145.92-1.26%

TE Connectivity Ltd.
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About company

TE Connectivity Ltd. is a global technology company that designs and manufactures connectivity and sensor solutions for various industries.

Summarized from source with an LLMView SourceSector: Technology

Net Sales

TE Connectivity Ltd. reported net sales of $3.97 billion for the second quarter of fiscal year 2024, which was in line with their guidance. This represents a 5% decrease on a reported basis year over year and a 3% decrease organically. However, sequentially, sales grew by 4% on a reported basis and 3% organically.

Earnings Per Share

For the second quarter of fiscal year 2024, TE Connectivity Ltd. achieved GAAP diluted earnings per share (EPS) from continuing operations of $1.75. The adjusted EPS exceeded guidance, coming in at $1.86, which is a 13% increase year over year.

Operating Margins

TE Connectivity Ltd. reported operating margins of 17.4% and adjusted operating margins of 18.5% for the second quarter of fiscal year 2024. This represents an increase of 250 basis points year over year, driven by strong operational performance across all segments.

Cash Flow

In the first half of fiscal year 2024, TE Connectivity Ltd. generated record cash flow. Cash from operating activities was $1.4 billion, up 18% year over year, and free cash flow was $1.1 billion, up 32% year over year.

Third Quarter Outlook

For the third quarter of fiscal year 2024, TE Connectivity Ltd. expects net sales of approximately $4.0 billion. GAAP EPS from continuing operations is expected to be around $1.71, up 2% year over year, with adjusted EPS projected at approximately $1.85, up 5% year over year.

Summarized from source with an LLMView Source

Key figures

14.9%1Y

2.88%3Y

54.0%5Y

Performance

20.6%1Y

26.0%3Y

31.4%5Y

Volatility