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Form 8-K · Current Report · Filed 2024-07-24

TE Connectivity Reports Q3 FY24 Results with EPS Above Guidance

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.

Filer
TE Connectivity Ltd. TEL · NYSE
Filed
Accession
0001558370-24-010004
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

No viable tag

Market reaction

Close before filing

$151.40

Next session

+2.1%

Since filing

+35.9%

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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