Te Conne Stock Price, News & Analysis

TE Connectivity's 2025 Industrial Technology Index reveals uneven global AI adoption patterns, with significant implementation challenges despite widespread initiation. The survey of 1,000 engineers and executives across five countries shows that while 68% of engineers and 70% of executives report some AI integration, less than a quarter indicate 'extensive' adoption.

Key findings show stark regional differences: China leads with 28% extensive AI usage and 60% having 3+ years of implementation, while the US lags at 15% and 9% respectively. Japan (51%), Germany (38%), and India (29%) show varying levels of 3+ year AI usage.

The study highlights a critical training gap, with 42% of executives admitting their companies don't provide AI training despite strong engineer interest. Additionally, while 50% of executives recognize AI's potential for process optimization and energy efficiency, only 36% prioritize sustainability in their AI strategies. Notably, 80% of surveyed engineers express preference for employers prioritizing AI integration.

TE Connectivity (NYSE: TEL) has announced a definitive agreement to acquire Richards Manufacturing Co. for approximately $2.3 billion in an all-cash transaction. Richards, a leader in underground distribution equipment and network protector products, will strengthen TE's position in serving electrical utilities in North America.

The acquisition, expected to close in TE's fiscal third quarter (June 2025), will contribute annual sales of approximately $400 million with EBITDA margins in the mid-30% range. The transaction will be financed through cash and additional debt, with expected mid-teens return on invested capital upon completion of synergies. TE anticipates approximately $0.10 accretion to adjusted EPS in the first full year.

Richards Manufacturing, headquartered in Irvington, N.J., has experienced double-digit revenue growth in recent years and specializes in medium voltage cold-shrink cable accessories. The current Richards management team will continue to lead the business post-closing.

TE Connectivity (NYSE: TEL), a global leader in connectors and sensors, has achieved recognition on Fortune's World's Most Admired Companies list for the eighth consecutive year. CEO Terrence Curtin attributed this achievement to the company's dedication to innovation and customer partnership, aligned with TE's purpose of creating a safer, sustainable, productive, and connected future.

The prestigious list was compiled through a comprehensive analysis of 650 companies and feedback from over 3,300 executives. The evaluation process, conducted by Korn Ferry and Fortune, assessed nine key attributes, including:

• Global business effectiveness
• Talent attraction and retention
• Long-term investment value
• Innovation capabilities
• Corporate asset management
• Community and environmental responsibility

According to Laura Manson-Smith, Korn Ferry's global leader of organization strategy consulting, companies earn their ranking through leadership reputation, talent management, and strong corporate culture, beyond just financial performance.

TE Connectivity (NYSE: TEL) announced that its subsidiary, Tyco Electronics Group S.A., has priced an offering of €750 million in senior notes due 2033. The notes will be issued at 99.136% with a 3.250% annual interest rate, payable annually.

The offering is being made under a registration statement filed on October 1, 2024, with the expected closing date of January 31, 2025. The company plans to use the net proceeds for general corporate purposes, including potential debt repayment. BofA Securities Europe SA, Citigroup Global Markets , and J.P. Morgan Securities plc are serving as joint book-running managers for the offering.

TE Connectivity (NYSE: TEL) reported fiscal Q1 2025 results with net sales of $3.84 billion, flat year-over-year. The company achieved GAAP EPS of $1.75 and adjusted EPS of $1.95, up 6% year-over-year, exceeding guidance despite currency exchange headwinds.

Orders reached $4.0 billion, increasing 6% year-over-year and 4% sequentially, driven by the Industrial segment and AI programs. The company achieved record Q1 cash generation with operating cash flow of $878 million (up 22%) and free cash flow of $674 million (up 18%). TE returned approximately $500 million to shareholders and deployed $325 million for Industrial segment acquisitions.

For Q2 FY25, TE expects net sales of approximately $3.95 billion with adjusted EPS of $1.96, up 5% year-over-year, including $0.06 of currency exchange and tax headwinds.

TE Connectivity (NYSE: TEL) has announced its 2025 Annual General Meeting (AGM) will be held on March 12, 2025 at 2 p.m. GMT at the Conrad Dublin, Ireland. The company has updated its record date to January 13 due to the NYSE closure in observance of the National Day of Mourning for former President Jimmy Carter.

Shareholders registered with voting rights as of the close of business (EST) on January 13 will be eligible to vote at the AGM. Beneficial holders whose shares are held by nominees will be entitled to instruct their nominees to vote. The company will mail a Notice of Internet Availability of Proxy Materials to registered shareholders, providing instructions for accessing proxy materials and submitting votes online or by mail.

TE Connectivity (NYSE: TEL) has been recognized by the Dow Jones Sustainability Index for the 13th consecutive year, highlighting its commitment to sustainable business practices. The company ranks among the top 10% of the largest companies in the S&P Global Broad Market Index, based on comprehensive economic, governance, environmental, and social criteria.

CEO Terrence Curtin emphasized the company's dedication to making a positive global impact through sustainable products and practices. Notable achievements include having their greenhouse gas reduction targets validated by the Science Based Targets Initiative, achieving a 72% reduction in Scope 1 and 2 emissions since 2020, and sourcing over 77% of their energy from renewable sources.

TE Connectivity (NYSE: TEL) has announced it will release its first quarter fiscal 2025 financial results before market opening on January 22, 2025. The company will host a conference call for investors at 8:30 a.m. ET on the same day. Investors can access the call through the company's website at investors.te.com or via telephone. The U.S. dial-in number is (800) 715-9871, while international callers can dial (646) 307-1963. A replay of the conference call will be available on the company's investor website at 11:30 a.m. ET.

TE Connectivity (NYSE: TEL) reported strong Q4 and fiscal 2024 results, with Q4 net sales of $4.1 billion, up 1% year-over-year. The company achieved record adjusted EPS of $1.95 in Q4, up 10% year-over-year. Full-year highlights include net sales of $15.8 billion, record operating margins, and record cash flow generation of $3.5 billion from operations. The board authorized a $2.5 billion increase in share repurchase program. For Q1 FY25, TE expects net sales of approximately $3.9 billion and adjusted EPS of $1.88.