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 record net sales of $3.8 billion, a 51% increase year-over-year, for the fiscal third quarter ended June 25, 2021. GAAP diluted EPS rose to $1.74, with adjusted EPS at $1.79, marking significant growth compared to the previous year. The company anticipates continued strong performance, forecasting fourth-quarter net sales of approximately $3.8 billion and adjusted EPS of $1.65. For the full year, expected net sales are $14.9 billion, a 22% increase, with adjusted EPS projected at $6.47.
TE Connectivity Ltd. (NYSE: TEL) will announce its third-quarter financial results for fiscal 2021 on July 28, 2021, before the market opens. The announcement will be followed by a conference call at 8:30 a.m. ET, accessible via telephone and TE's investor website. The company emphasizes its role as a leader in industrial technology, providing connectivity and sensor solutions across various sectors, including transportation and healthcare. With approximately 80,000 employees globally, TE Connectivity aims to foster a sustainable and productive future.
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TE Connectivity Ltd. (NYSE: TEL) announced an increase of $1.5 billion to its share repurchase program, reflecting a strong commitment to enhancing shareholder value. The repurchases will be executed in compliance with applicable securities laws through open market or private transactions. This decision is subject to market conditions and may be altered as necessary. TE Connectivity, renowned for its connectivity and sensor solutions, continues to prioritize sustainable and productive growth in various industries, ensuring 'Every Connection Counts.'
Terrence Curtin, CEO of TE Connectivity Ltd. (NYSE: TEL), will present virtually at Bernstein's 37th annual Strategic Decisions Conference on June 3 at 8:00 a.m. EDT. He will highlight the company's favorable position to benefit from global trends in electric mobility, cloud computing, and factory automation. Additionally, he will address TE's Environmental, Social, and Governance (ESG) initiatives aimed at sustainable operations and applications. A replay of the webcast will be available on TE's investor website.
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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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