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TE Connectivity plc reports recurring developments as a global industrial technology company supplying connectivity and sensor solutions. Its products support the distribution of power, signal and data across transportation, energy networks, automated factories, data centers and other industrial applications.
Company news commonly covers quarterly results, guidance, adjusted operating metrics, organic sales trends, segment performance, dividends, share repurchase authorizations, annual shareholder voting and corporate responsibility initiatives. Updates also include selected technology and intellectual-property matters tied to connectivity products, including active electrical cable disputes and related settlements.
TE Connectivity Ltd. (NYSE: TEL) reported robust fiscal Q2 results, with net sales of $3.7 billion, marking a 17% increase year over year. Orders surged to $4.6 billion, up 36% from last year. GAAP diluted EPS reached $1.51, while adjusted EPS stood at $1.57, reflecting a 22% growth. The company generated $580 million in cash flow from operations and $477 million in free cash flow, returning $340 million to shareholders. For Q3 FY21, TE Connectivity anticipates net sales of $3.7 billion and EPS of approximately $1.51.
TE Connectivity Ltd. (NYSE: TEL) will announce its second quarter financial results for fiscal 2021 before trading begins on April 21, 2021. A conference call for investors is scheduled for 8:30 a.m. ET on the same day, which can be accessed via the company's investor website or by telephone. TE Connectivity is a global leader in industrial technology with a focus on connectivity and sensor solutions across various sectors, including transportation and medical technology. The company employs approximately 80,000 individuals.
TE Connectivity Ltd. (NYSE: TEL) announced that shareholders approved a $2.00 dividend per share at the Annual General Meeting on March 10, 2021. This dividend will be paid in four equal quarterly installments of $0.50. The payment dates are set for June 4, 2021, September 3, 2021, December 3, 2021, and March 4, 2022, with record dates being May 21, 2021, August 20, 2021, November 19, 2021, and February 18, 2022. This decision reflects the company's financial strength and commitment to returning value to shareholders.
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TE Connectivity Ltd. (NYSE: TEL) announces that CFO Heath Mitts will present at the Morgan Stanley Technology, Media and Telecom Conference on March 4, 2021, at 9:30 a.m. EST. The presentation will be virtual and will focus on TE's leadership in global growth trends, especially in hybrid and electric vehicle technology. Mitts expressed optimism about the company’s portfolio and its prospects for cash flow and value creation. The webcast will be accessible for replay on TE’s investor website.
TE Connectivity Ltd. (NYSE: TEL) has declared a quarterly dividend of $0.48 per share for the second quarter of fiscal year 2021. This dividend will be payable on March 5, 2021, to shareholders of record as of February 19, 2021. The announcement follows the approval from shareholders during the annual general meeting held on March 11, 2020. TE Connectivity, a leader in industrial technology, focuses on connectivity and sensor solutions across various sectors.
TE Connectivity Ltd. (NYSE: TEL) announced the pricing of €550 million senior notes due 2029 with a 0.000% interest rate, issued by its subsidiary Tyco Electronics Group S.A. The notes will be sold at 99.101% of the principal amount and are set to close on February 16, 2021. Proceeds will support general corporate purposes. This offering follows an effective registration statement filed on December 17, 2018, and the announcement includes forward-looking statements concerning potential business risks including competition and the impacts of COVID-19.
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TE Connectivity Ltd. (NYSE: TEL) reported a strong fiscal Q1 2021, with net sales reaching $3.5 billion, marking an 11% increase year over year. The company saw GAAP EPS of $1.13 and adjusted EPS of $1.47, up 21%. Orders totaled approximately $4 billion, a 25% rise. Cash flow from operations was $640 million, with $529 million in free cash flow. Looking forward, TE Connectivity anticipates second quarter sales of about $3.5 billion and GAAP EPS of $1.38, projecting a 10% year-over-year increase.