Te Conne Stock Price, News & Analysis

TE Connectivity Ltd. (NYSE: TEL) reported fiscal Q2 2022 results with net sales of $4.0 billion, increasing 7% year-over-year. Orders reached $4.5 billion, demonstrating ongoing demand across all segments. GAAP diluted EPS rose to $1.71, a 13% increase, while adjusted EPS improved to $1.81, up 15%. Cash flow from operations was $413 million, with $670 million returned to shareholders. The company projects Q3 net sales around $3.9 billion, reflecting a slight growth despite a 300 basis point headwind from COVID-related disruptions in China.

TE Connectivity Ltd. (NYSE: TEL) will disclose its financial results for the second quarter of fiscal 2022 on April 27, 2022, before trading begins. An investor conference call is scheduled for 8:30 a.m. ET on the same day, with access available via the company's investor website and telephone. The conference call replay will be accessible at 11:30 a.m. ET on April 27, 2022. With over 85,000 employees globally, TE Connectivity specializes in connectivity and sensor solutions across various sectors, ensuring reliability in challenging environments.

TE Connectivity (NYSE: TEL) announced the election of Syaru Shirley Lin to its board of directors during the 2022 Annual General Meeting on March 9. Dr. Lin, a Compton Visiting Professor at the University of Virginia and former Goldman Sachs executive, brings extensive experience in international relations and investment banking. Her background includes leadership roles in marketing, operations, and technology, enhancing TE's strategic direction. TE Connectivity continues to position itself as a leader in technology, emphasizing its commitment to connectivity and sensor solutions across various sectors.

TE Connectivity Ltd. (NYSE: TEL) announced that its shareholders approved a $2.24 per share annual dividend at the Annual General Meeting on March 9, 2022. This dividend will be paid in four quarterly installments of $0.56. The payment dates are set for June 3, September 2, December 2, 2022, and March 3, 2023. Shareholders must be on record by May 20, August 19, November 18, and February 17, 2023, respectively, to receive their dividends. TE Connectivity is a global leader in connectivity and sensor solutions, with over 85,000 employees across 140 countries.

TE Connectivity has launched the African Heritage Scholarship Program, a $3.5 million initiative aimed at diversifying its workforce. The program will support 14 students from various U.S. colleges with internships and scholarships up to $22,500 for their junior year based on financial need. Successful interns will have the opportunity to return for a second internship the following summer. The program, created by TE's African Heritage Employee Resource Group, aims to enhance STEM representation and foster diverse talent within the company.

TE Connectivity Ltd. (NYSE: TEL) announced the pricing of a $600 million offering of 2.500% senior notes due 2032. The notes will be issued at a price of 98.033% and will pay interest semi-annually. The offering, made by TE's subsidiary Tyco Electronics Group S.A., is part of an effective registration statement from June 2021. The net proceeds will be used for general corporate purposes. The offering is expected to close on February 4, 2022, with BNP Paribas, Deutsche Bank, and Goldman Sachs as joint book-running managers.