Welcome to our dedicated page for Te Conne news (Ticker: TEL), a resource for investors and traders seeking the latest updates and insights on Te Conne stock.
TE Connectivity (NYSE: TEL), a global leader in connectivity and sensor solutions, maintains this dedicated news hub for investors and industry professionals. Access real-time updates on corporate developments, financial disclosures, and technological advancements shaping the industrial technology sector.
This centralized resource aggregates official press releases, earnings reports, and strategic partnership announcements. Users can track innovations in automotive electrification, industrial automation systems, and next-generation communication infrastructure developments directly from the source.
The curated news collection features updates across key operational areas including product launches, sustainability initiatives, and global market expansions. Content spans technical breakthroughs in harsh-environment connectors, sensor system enhancements, and cross-industry collaboration updates.
Bookmark this page for streamlined monitoring of TEL's evolving position in transportation, energy, and industrial markets. Regular visitors gain strategic insights into how the company's connectivity solutions address emerging challenges in data-driven manufacturing and smart infrastructure development.
TE Connectivity Ltd. (NYSE: TEL) reported strong fiscal second-quarter results for the period ending March 31, 2023, with net sales of $4.16 billion, reflecting a 4% increase from the previous year, and an 8% organic growth. The Transportation Solutions segment saw a remarkable 12% organic growth, while the Industrial Solutions segment grew by 15%, despite a 20% decline in the Communications Solutions segment. GAAP diluted earnings per share (EPS) were $1.34, with adjusted EPS exceeding expectations at $1.65. Currency fluctuations negatively impacted sales by $155 million. The company generated strong cash flow of approximately $635 million and returned $375 million to shareholders. Looking ahead, TE Connectivity anticipates third-quarter net sales of around $4.0 billion and expects GAAP EPS of approximately $1.56.
TE Connectivity Ltd. (NYSE: TEL) will announce its second quarter financial results for fiscal 2023 on April 26, 2023, before market opening. An investor conference call will take place at 8:30 a.m. ET, with dial-in options available for both U.S. and international callers. The call can also be accessed through TE Connectivity's investor website. This report is critical as it will reveal essential financial metrics, including earnings, revenue, and EPS, shaping investor sentiment.
TE Connectivity (NYSE: TEL) announced the election of Jean-Pierre Clamadieu to its board of directors during the 2023 Annual General Meeting on March 15, 2023. Clamadieu, chairman of the board of ENGIE S.A. and former CEO of Solvay S.A., brings extensive leadership experience across various sectors, including aerospace and chemicals. TE Chairman Tom Lynch expressed confidence in Clamadieu's ability to provide valuable guidance, particularly given his global experience in financial crises and growth phases. As TE Connectivity continues to innovate in connectivity and sensor solutions, this board addition aims to strengthen its strategic decision-making.
On March 15, 2023, TE Connectivity Ltd. (NYSE: TEL) announced the approval of a $2.36 per share dividend by shareholders at its Annual General Meeting. The dividend will be paid out in four equal quarterly installments of $0.59 each. The payment dates are as follows:
- 3rd Quarter: June 2, 2023
- 4th Quarter: September 1, 2023
- 1st Quarter FY 2024: December 1, 2023
- 2nd Quarter FY 2024: March 1, 2024
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