TE Connectivity Ltd.
TE Connectivity Reports Q3 FY24 Results with EPS Above Guidance
Summary
On July 24, 2024, TE Connectivity Ltd. reported third-quarter results for fiscal 2024, showing net sales of $4.0 billion, up 2% organically year-over-year. The company delivered GAAP diluted EPS of $1.86 and adjusted EPS of $1.91, surpassing guidance. TE Connectivity's operations saw strong margin expansion and record cash flow year-to-date. The company expects continued growth in the fourth quarter. A conference call and webcast to discuss these results are scheduled for the same day.
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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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