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Form 8-K · Current Report · Filed 2024-04-24

TE Connectivity Reports Q2 FY24 Earnings with Adjusted EPS Exceeding Guidance

TE Connectivity Ltd. reported its second-quarter results for fiscal year 2024, with adjusted diluted earnings per share (EPS) from continuing operations at $1.86, beating the guidance of $1.75. The company’s net sales were $3.97 billion, reflecting a 5% decline year-over-year, while orders and operating margins improved sequentially. TE Connectivity also announced a conference call to discuss these results further.

Filer
TE Connectivity Ltd. TEL · NYSE
Filed
Accession
0001558370-24-005522
CIK
0001385157
Signal
Medium impactTechnology

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Beat
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$143.23

Next session

-1.9%

Since filing

+43.6%

Latest close

$205.69

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from TEL reporting the same item, with the next session's move:

Exhibits (2)

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.

Exchange NYSE Industry Electronic Components Company website ↗

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