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TE Connectivity Ltd - TEL STOCK NEWS

Welcome to our dedicated news page for TE Connectivity (Ticker: TEL), a resource for investors and traders seeking the latest updates and insights on TE Connectivity.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TE Connectivity's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TE Connectivity's position in the market.

News
TE Connectivity announces second quarter results for fiscal year 2024
Rhea-AI Summary
TE Connectivity (NYSE: TEL) reported second quarter results for fiscal year 2024, showing a year-over-year EPS growth driven by significant margin expansion and record cash flow generation. Net sales were $3.97 billion, down 5% on a reported basis and 3% organically. GAAP diluted EPS from continuing operations were $1.75, while adjusted EPS exceeded guidance at $1.86, up 13% year over year. Operating margins were 17.4%, and adjusted operating margins were 18.5%, up 250 basis points. The company generated record cash flow, with cash from operating activities at $1.4 billion, up 18% year over year, and free cash flow at $1.1 billion, up 32% year over year. TE Connectivity deployed over $1.5 billion of capital year to date, returned approximately $1.2 billion to shareholders, and used around $350 million for the bolt-on acquisition of Schaffner.
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TE Connectivity details sustainability progress in corporate responsibility report
Rhea-AI Summary
TE Connectivity (TEL) reports substantial progress in achieving sustainability and social goals in its latest annual update.
Rhea-AI Impact
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1.22%
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TE Connectivity to report second quarter financial results on April 24, 2024
Rhea-AI Summary
TE Connectivity (NYSE: TEL) will announce Q2 fiscal year 2024 financial results on April 24, 2024, with an investor conference call at 8:30 a.m. ET. Access details provided for web and phone participation. Replay available on the investor website.
Rhea-AI Impact
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2.1%
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conferences earnings
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TE Connectivity welcomes third class to African Heritage Scholarship Program
Rhea-AI Summary
TE Connectivity expands its African Heritage Scholarship Program by welcoming 10 new students, investing $3.5 million to promote diversity and opportunities in the technology industry. The program offers internships, scholarships, and career opportunities to top-performing Black and African American students in the U.S.
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End-of-Day
1.88%
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TE Connectivity announces intent to change place of incorporation from Switzerland to Ireland
Rhea-AI Summary
TE Connectivity Ltd. (NYSE: TEL) plans to change its place of incorporation from Switzerland to Ireland, subject to shareholder approval. The company expects no significant operational or financial impact from this move, with shares continuing to trade on the NYSE under the symbol TEL.
Rhea-AI Impact
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-1.37%
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TE Connectivity shareholders elect Carol 'John' Davidson as new board chairman
Rhea-AI Summary
TE Connectivity Ltd. shareholders elect Carol Davidson as new chairman and approve $2.60 per share quarterly dividend at annual meeting.
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-1.37%
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TE Connectivity ranked one of the World's Most Ethical Companies for 10th year
Rhea-AI Summary
TE Connectivity has been recognized as one of the 2024 World's Most Ethical Companies by Ethisphere for the 10th consecutive year. This prestigious recognition highlights TE's commitment to ethical business practices and values such as integrity, accountability, and innovation. The company's dedication to ethics, compliance, and governance has been commended by stakeholders globally, showcasing its strong culture of integrity and responsibility.
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-0.47%
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TE Connectivity ranked among Fortune World's Most Admired Companies for seventh year
Rhea-AI Summary
TE Connectivity, a world leader in connectors and sensors, has maintained its positive reputation among the business community, earning a spot on the Fortune World's Most Admired Companies list for the seventh consecutive year. The annual survey, conducted by Fortune and Korn Ferry, identifies companies with the strongest reputations among their peers and across industries. TE Connectivity CEO Terrence Curtin emphasizes the company's focus on innovation, customer commitment, and purpose. The corporate reputation and performance of companies ranked among the World's Most Admired Companies are measured against nine criteria, including innovativeness, social responsibility, quality of management, long-term investment value, and ability to attract talent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
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TE Connectivity announces first quarter results for fiscal year 2024
Rhea-AI Summary
TE Connectivity Ltd. (NYSE: TEL) reported strong first-quarter results, with net sales of $3.83 billion, in line with guidance. The company experienced significant margin expansion, with GAAP diluted earnings per share (EPS) at $5.76, including a one-time tax-related benefit, and adjusted EPS at $1.84, up 20% year over year. Orders were up 4% year over year, and operating margins were at 18.2%. The company also achieved record cash flow, with $719 million from operating activities and $570 million in free cash flow. TE Connectivity was named to the Dow Jones Sustainability Index for the 12th consecutive year. CEO Terrence Curtin expressed satisfaction with the performance, highlighting the company's industry-leading innovations, global position in automotive connectivity, and anticipation of strong margin performance in fiscal year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
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earnings
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TE Connectivity to hold annual general meeting of shareholders March 13, 2024
Rhea-AI Summary
TE Connectivity Ltd. (NYSE: TEL) will hold its 2024 annual general meeting of shareholders (AGM) on March 13 at 2 p.m. CET at the Park Hyatt Zürich, Switzerland. Shareholders with voting rights as of Feb. 22 can vote on matters presented at the AGM.
Rhea-AI Impact
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-3.41%
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Stock TEL logo
TE Connectivity Ltd

NYSE:TEL

TEL Rankings

#287 Ranked by Market Cap
#2345 Ranked by Stock Gains
#1470 Ranked by Dividends

TEL Stock Data

44.15B
308.05M
0.15%
94.86%
0.96%
Other Electronic Parts and Equipment Merchant Wholesalers
Wholesale Trade
Link
Switzerland
Schaffhausen

About TEL

about te connectivity te connectivity (nyse: tel) is a $12 billion global technology leader. our connectivity and sensor solutions are essential in today’s increasingly connected world. we collaborate with engineers to transform their concepts into creations – redefining what’s possible using intelligent, efficient and high-performing te products and solutions proven in harsh environments. our 72,000 people, including over 7,000 engineers, partner with customers in close to 150 countries across a wide range of industries. we believe every connection counts – www.te.com.