TE Connectivity Reports Strong Q1 FY2025 Results with Earnings Above Guidance

Details

The company's GAAP diluted EPS from continuing operations was $1.75, surpassing guidance. Adjusted EPS was $1.95, up approximately 6% year over year. Net sales were $3.84 billion, flat year over year, and operating margin reached a record 19.4%. The company also generated record first-quarter free cash flow of $674 million. TE Connectivity expects second quarter sales to be up sequentially and adjusted EPS to be up year over year and compared to the first quarter.

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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.