TE Connectivity Ltd.
TE Connectivity Announces Acquisition of Astrodyne TDI
Summary
TE Connectivity plc reported third-quarter results for fiscal 2026, with net sales of $5.16 billion, a 14% increase year over year. GAAP diluted earnings per share (EPS) from continuing operations was $2.55, a 19% increase year over year. The company also announced it has entered into a definitive agreement to acquire Astrodyne TDI, a leading provider of advanced power management and filtering solutions for mission-critical industrial applications, from Tinicum L.P. The acquisition, at an approximate purchase price of $1.4 billion, is expected to close by the end of this calendar year and is subject to customary regulatory approvals and closing conditions. For the fourth quarter of fiscal 2026, TE Connectivity expects sales of approximately $5.25 billion, an increase of 11% year over year on both a reported and organic basis. Adjusted EPS is expected to be approximately $3.05, an increase of 18% year over year.
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About TE Connectivity Ltd.
TE Connectivity Ltd. is a global technology company specializing in the design and manufacture of connectivity and sensor solutions. The company serves various industries, including automotive, aerospace, defense, medical technology, energy, data communications, and consumer electronics. TE Connectivity's primary function is to provide essential components and integrated solutions that enable reliable and robust electrical connections and data transfers in critical applications. Notable features of the company include its focus on innovation and sustainability, offering products like connectors, sensors, relays, and fiber optic equipment that improve efficiency and durability. Its products are fundamental in facilitating advancements in the Internet of Things (IoT), autonomous driving, renewable energy, and high-speed data applications. In the financial markets, TE Connectivity plays a significant role as a leader in the electronic components sector, known for its commitment to quality and cutting-edge technology. The company's operations extend globally, with a strong presence in both established and emerging markets, making it a vital link in the supply chains of some of the world's leading technology and industrial companies.
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