PR Newswire
Third quarter guidance reflects continued momentum and Richards acquisition
GALWAY, Ireland, April 23, 2025 /PRNewswire/ — TE Connectivity plc (NYSE: TEL) today reported results for the fiscal second quarter ended Mar. 28, 2025.
Second Quarter Highlights
- Net sales were $4.1 billion, up 4% on a reported basis year over year and 5% organically driven by double digit growth in the Industrial segment.
- GAAP diluted earnings per share (EPS) from continuing operations was $0.04, which includes a one-time non-cash tax charge due to a change in tax law in the second quarter of 2025. Adjusted EPS was $2.10, a company record and up approximately 13% year over year.
- Orders were $4.25 billion, up 6% both year over year and sequentially.
- Operating margin was 18.1% and adjusted operating margin was 19.4%, driven by strong operational performance in both segments.
- Cash flow from operating activities during the first half of the fiscal year was $1.5 billion and free cash flow was approximately $1.1 billion.
- Returned approximately $1 billion to shareholders and announced a 9% dividend increase.
- Richards Manufacturing Co. acquisition completed in April to capitalize on strong growth opportunities in the North American utility market.
- Issued One Connected World corporate responsibility report, highlighted by an 80% reduction in Scope 1 & 2 greenhouse gas emissions during the past four years.
“Our teams delivered strong operational performance that led to record adjusted EPS and results that exceeded our guidance on both sales and earnings,” said TE Connectivity CEO Terrence Curtin. “Our Transportation segment continued to execute well, capitalizing on our leading position in Asia and maintaining strong margin performance. Our Industrial segment expanded its operating margin on sales growth of 17%, driven by broad business growth and ongoing momentum in AI, aerospace and energy applications.
“Due to our long-standing business strategy and investments to locate manufacturing facilities near customers, we expect to effectively navigate the current trade environment. Our ongoing momentum and ability to pull operational levers gives us confidence in our third quarter guidance for year-over-year improvement in sales and EPS. We are well positioned for the current uncertain macroeconomic environment and remain focused on innovating in long-term industrial technology growth trends and creating value for both our customers and owners.”
Third Quarter FY25 Outlook
For the third quarter of fiscal 2025, the company expects net sales of approximately $4.30 billion, up 8% year over year. GAAP EPS from continuing operations is expected to be approximately $2.02, up nearly 9% year over year, with adjusted EPS of approximately $2.06, up 8% year over year. Third quarter guidance includes the benefit from the Richards acquisition and tariff impact assumptions, as well as tax rate headwinds of $0.04 on a year over year basis and $0.06 sequentially.
Information about TE Connectivity’s use of non-GAAP financial measures is provided below. For reconciliations of these non-GAAP financial measures, see the attached tables.
Conference Call and Webcast
The company will hold a conference call for investors today beginning at 8:30 a.m. ET. The conference call may be accessed in the following ways:
- At TE Connectivity’s website: investors.te.com
- By telephone: For both “listen-only” participants and those participants who wish to take part in the question-and-answer portion of the call, the dial-in number in the United States is (800) 715-9871 and for international callers, the dial-in number is (646) 307-1963.
- A replay of the conference call will be available on TE Connectivity’s investor website at investors.te.com at 11:30 a.m. ET on April 23.
About TE Connectivity
TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers, medical technology and more. With more than 85,000 employees, including 9,000 engineers, working alongside customers in approximately 130 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat, Instagram and X (formerly Twitter).
Non-GAAP Financial Measures
We present non-GAAP performance and liquidity measures as we believe it is appropriate for investors to consider adjusted financial measures in addition to results in accordance with accounting principles generally accepted in the U.S. (“GAAP”). These non-GAAP financial measures provide supplemental information and should not be considered replacements for results in accordance with GAAP. Management uses non-GAAP financial measures internally for planning and forecasting purposes and in its decision-making processes related to the operations of our company. We believe these measures provide meaningful information to us and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. Additionally, we believe that investors benefit from having access to the same financial measures that management uses in evaluating our operations. The primary limitation of these measures is that they exclude the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using these non-GAAP financial measures in combination with the most directly comparable GAAP financial measures in order to better understand the amounts, character, and impact of any increase or decrease in reported amounts. These non-GAAP financial measures may not be comparable to similarly-titled measures reported by other companies.
The following provides additional information regarding our non-GAAP financial measures:
- Organic Net Sales Growth (Decline) – represents net sales growth (decline) (the most comparable GAAP financial measure) excluding the impact of foreign currency exchange rates, and acquisitions and divestitures that occurred in the preceding twelve months, if any. Organic Net Sales Growth (Decline) is a useful measure of our performance because it excludes items that are not completely under management’s control, such as the impact of changes in foreign currency exchange rates, and items that do not reflect the underlying growth of the company, such as acquisition and divestiture activity. This measure is a significant component in our incentive compensation plans.
- Adjusted Operating Income and Adjusted Operating Margin – represent operating income and operating margin, respectively, (the most comparable GAAP financial measures) before special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, and other income or charges, if any. We utilize these adjusted measures in combination with operating income and operating margin to assess segment level operating performance and to provide insight to management in evaluating segment operating plan execution and market conditions. Adjusted Operating Income is a significant component in our incentive compensation plans.
- Adjusted Income Tax (Expense) Benefit and Adjusted Effective Tax Rate – represent income tax (expense) benefit and effective tax rate, respectively, (the most comparable GAAP financial measures) after adjusting for the tax effect of special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, other income or charges, and certain significant tax items, if any.
- Adjusted Income from Continuing Operations – represents income from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects.
- Adjusted Earnings Per Share – represents diluted earnings (loss) per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. This measure is a significant component in our incentive compensation plans.
- Free Cash Flow (FCF) – is a useful measure of our ability to generate cash. The difference between net cash provided by operating activities (the most comparable GAAP financial measure) and Free Cash Flow consists mainly of significant cash outflows and inflows that we believe are useful to identify. We believe Free Cash Flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. Free Cash Flow is defined as net cash provided by operating activities excluding voluntary pension contributions and the cash impact of special items, if any, minus net capital expenditures. Voluntary pension contributions are excluded from the GAAP financial measure because this activity is driven by economic financing decisions rather than operating activity. Certain special items, including cash paid (collected) pursuant to collateral requirements related to cross-currency swap contracts, are also excluded by management in evaluating Free Cash Flow. Net capital expenditures consist of capital expenditures less proceeds from the sale of property, plant, and equipment. These items are subtracted because they represent long-term commitments. In the calculation of Free Cash Flow, we subtract certain cash items that are ultimately within management’s and the Board of Directors’ discretion to direct and may imply that there is less or more cash available for our programs than the most comparable GAAP financial measure indicates. It should not be inferred that the entire Free Cash Flow amount is available for future discretionary expenditures, as our definition of Free Cash Flow does not consider certain non-discretionary expenditures, such as debt payments. In addition, we may have other discretionary expenditures, such as discretionary dividends, share repurchases, and business acquisitions, that are not considered in the calculation of Free Cash Flow.
Forward-Looking Statements
This release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this release include statements addressing our future financial condition and operating results. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, the extent, severity and duration of business interruptions negatively affecting our business operations; business, economic, competitive and regulatory risks, such as conditions affecting demand for products in the automotive and other industries we serve; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate, including continuing military conflict in certain parts of the world; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation. In addition, our change of incorporation from Switzerland to Ireland is subject to risks, such as the risk that the anticipated advantages might not materialize, as well as the risks that the price of our stock could decline and our position on stock exchanges and indices could change, and Irish corporate governance and regulatory schemes could prove different or more challenging than currently expected. More detailed information about these and other factors is set forth in TE Connectivity plc’s Annual Report on Form 10-K for the fiscal year ended Sept 27, 2024, as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.
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|
|
$ |
4,143 |
$ |
3,967 |
$ |
7,979 |
$ |
7,798 |
|||
|
Cost of sales |
2,684 |
2,604 |
5,160 |
5,111 |
|||||||
|
|
1,459 |
1,363 |
2,819 |
2,687 |
|||||||
|
Selling, general, and administrative expenses |
454 |
444 |
881 |
868 |
|||||||
|
Research, development, and engineering expenses |
203 |
184 |
391 |
357 |
|||||||
|
Acquisition and integration costs |
9 |
3 |
14 |
11 |
|||||||
|
Restructuring and other charges, net |
45 |
40 |
95 |
61 |
|||||||
|
|
748 |
692 |
1,438 |
1,390 |
|||||||
|
Interest income |
22 |
19 |
45 |
41 |
|||||||
|
Interest expense |
(14) |
(19) |
(20) |
(37) |
|||||||
|
Other expense, net |
(1) |
(5) |
(2) |
(8) |
|||||||
|
|
755 |
687 |
1,461 |
1,386 |
|||||||
|
Income tax (expense) benefit |
(742) |
(146) |
(920) |
959 |
|||||||
|
|
13 |
541 |
541 |
2,345 |
|||||||
|
Loss from discontinued operations, net of income taxes |
— |
— |
— |
(1) |
|||||||
|
|
$ |
13 |
$ |
541 |
$ |
541 |
$ |
2,344 |
|||
|
|
|||||||||||
|
Income from continuing operations |
$ |
0.04 |
$ |
1.76 |
$ |
1.81 |
$ |
7.59 |
|||
|
Net income |
0.04 |
1.76 |
1.81 |
7.59 |
|||||||
|
|
|||||||||||
|
Income from continuing operations |
$ |
0.04 |
$ |
1.75 |
$ |
1.80 |
$ |
7.54 |
|||
|
Net income |
0.04 |
1.75 |
1.80 |
7.54 |
|||||||
|
|
|||||||||||
|
Basic |
298 |
308 |
299 |
309 |
|||||||
|
Diluted |
300 |
310 |
301 |
311 |
|||||||
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|||||
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|
|||||
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Current assets: |
|||||
|
Cash and cash equivalents |
$ |
2,554 |
$ |
1,319 |
|
|
Accounts receivable, net of allowance for doubtful accounts of $36 and $32, respectively |
3,193 |
3,055 |
|||
|
Inventories |
2,603 |
2,517 |
|||
|
Prepaid expenses and other current assets |
724 |
740 |
|||
|
Total current assets |
9,074 |
7,631 |
|||
|
Property, plant, and equipment, net |
3,925 |
3,903 |
|||
|
Goodwill |
5,900 |
5,801 |
|||
|
Intangible assets, net |
1,161 |
1,174 |
|||
|
Deferred income taxes |
2,741 |
3,497 |
|||
|
Other assets |
855 |
848 |
|||
|
|
$ |
23,656 |
$ |
22,854 |
|
|
|
|||||
|
Current liabilities: |
|||||
|
Short-term debt |
$ |
2,351 |
$ |
871 |
|
|
Accounts payable |
1,843 |
1,728 |
|||
|
Accrued and other current liabilities |
1,805 |
2,147 |
|||
|
Total current liabilities |
5,999 |
4,746 |
|||
|
Long-term debt |
3,263 |
3,332 |
|||
|
Long-term pension and postretirement liabilities |
786 |
810 |
|||
|
Deferred income taxes |
211 |
199 |
|||
|
Income taxes |
396 |
411 |
|||
|
Other liabilities |
784 |
870 |
|||
|
|
11,439 |
10,368 |
|||
|
Commitments and contingencies |
|||||
|
Redeemable noncontrolling interests |
132 |
131 |
|||
|
Shareholders’ equity: |
|||||
|
Preferred shares, $1.00 par value, 2 shares authorized, none outstanding as of March 28, 2025 |
— |
— |
|||
|
Ordinary class A shares, €1.00 par value, 25,000 shares authorized, none outstanding as of March 28, 2025 |
— |
— |
|||
|
Ordinary shares, $0.01 par value, 1,500,000,000 shares authorized, 301,276,687 shares issued and |
3 |
139 |
|||
|
Accumulated earnings |
12,811 |
14,533 |
|||
|
Ordinary shares and common shares held in treasury, at cost, 4,139,531 and 16,656,681 shares, respectively |
(615) |
(2,322) |
|||
|
Accumulated other comprehensive income (loss) |
(114) |
5 |
|||
|
|
12,085 |
12,355 |
|||
|
|
$ |
23,656 |
$ |
22,854 |
|
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|
|||||||||||
|
|
|||||||||||
|
Net income |
$ |
13 |
$ |
541 |
$ |
541 |
$ |
2,344 |
|||
|
Loss from discontinued operations, net of income taxes |
— |
— |
— |
1 |
|||||||
|
Income from continuing operations |
13 |
541 |
541 |
2,345 |
|||||||
|
Adjustments to reconcile income from continuing operations to net cash |
|||||||||||
|
Depreciation and amortization |
192 |
192 |
378 |
386 |
|||||||
|
Deferred income taxes |
603 |
5 |
701 |
(1,212) |
|||||||
|
Non-cash lease cost |
35 |
33 |
69 |
67 |
|||||||
|
Provision for losses on accounts receivable and inventories |
2 |
13 |
43 |
55 |
|||||||
|
Share-based compensation expense |
34 |
35 |
69 |
69 |
|||||||
|
Other |
22 |
24 |
34 |
64 |
|||||||
|
Changes in assets and liabilities, net of the effects of acquisitions and divestitures: |
|||||||||||
|
Accounts receivable, net |
(317) |
(55) |
(171) |
72 |
|||||||
|
Inventories |
(14) |
41 |
(132) |
(241) |
|||||||
|
Prepaid expenses and other current assets |
72 |
47 |
140 |
(1) |
|||||||
|
Accounts payable |
(4) |
(73) |
146 |
55 |
|||||||
|
Accrued and other current liabilities |
(3) |
(48) |
(298) |
(287) |
|||||||
|
Income taxes |
25 |
3 |
55 |
15 |
|||||||
|
Other |
(7) |
(48) |
(44) |
42 |
|||||||
|
Net cash provided by operating activities |
653 |
710 |
1,531 |
1,429 |
|||||||
|
|
|||||||||||
|
Capital expenditures |
(230) |
(167) |
(435) |
(318) |
|||||||
|
Proceeds from sale of property, plant, and equipment |
1 |
— |
2 |
2 |
|||||||
|
Acquisition of businesses, net of cash acquired |
4 |
10 |
(321) |
(339) |
|||||||
|
Proceeds from divestiture of business, net of cash retained by business sold |
— |
— |
— |
38 |
|||||||
|
Other |
1 |
(2) |
(7) |
(10) |
|||||||
|
Net cash used in investing activities |
(224) |
(159) |
(761) |
(627) |
|||||||
|
|
|||||||||||
|
Net increase (decrease) in commercial paper |
1,155 |
30 |
1,245 |
(39) |
|||||||
|
Proceeds from issuance of debt |
773 |
— |
773 |
— |
|||||||
|
Repayment of debt |
(579) |
— |
(579) |
(1) |
|||||||
|
Proceeds from exercise of share options |
25 |
22 |
59 |
33 |
|||||||
|
Repurchase of ordinary/common shares |
(306) |
(409) |
(609) |
(885) |
|||||||
|
Payment of ordinary/common share dividends to shareholders |
(193) |
(182) |
(382) |
(365) |
|||||||
|
Other |
(6) |
— |
(33) |
(27) |
|||||||
|
Net cash provided by (used in) financing activities |
869 |
(539) |
474 |
(1,284) |
|||||||
|
Effect of currency translation on cash |
2 |
(6) |
(9) |
(3) |
|||||||
|
|
1,300 |
6 |
1,235 |
(485) |
|||||||
|
|
1,254 |
1,170 |
1,319 |
1,661 |
|||||||
|
|
$ |
2,554 |
$ |
1,176 |
$ |
2,554 |
$ |
1,176 |
|||
|
|
|||||||||||
|
Income taxes paid, net of refunds |
$ |
115 |
$ |
138 |
$ |
164 |
$ |
238 |
|||
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||||||||
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|
|
|
||||||||
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|
|||||||||||
|
Net cash provided by operating activities |
$ |
653 |
$ |
710 |
$ |
1,531 |
$ |
1,429 |
|||
|
Capital expenditures, net |
(229) |
(167) |
(433) |
(316) |
|||||||
|
|
$ |
424 |
$ |
543 |
$ |
1,098 |
$ |
1,113 |
|||
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|
||||||||||||||||||||
|
Transportation Solutions |
$ |
2,314 |
$ |
2,407 |
$ |
4,557 |
$ |
4,800 |
|||||||||||||||
|
Industrial Solutions |
1,829 |
1,560 |
3,422 |
2,998 |
|||||||||||||||||||
|
|
$ |
4,143 |
$ |
3,967 |
$ |
7,979 |
$ |
7,798 |
|||||||||||||||
|
|
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
|
|
|
|
|
|
||||||||||||||||
|
Transportation Solutions |
$ |
445 |
19.2 |
% |
$ |
477 |
19.8 |
% |
$ |
891 |
19.6 |
% |
$ |
964 |
20.1 |
% |
|||||||
|
Industrial Solutions |
303 |
16.6 |
215 |
13.8 |
547 |
16.0 |
426 |
14.2 |
|||||||||||||||
|
|
$ |
748 |
18.1 |
% |
$ |
692 |
17.4 |
% |
$ |
1,438 |
18.0 |
% |
$ |
1,390 |
17.8 |
% |
|||||||
|
|
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
|
|
|
|
|
|
||||||||||||||||
|
Transportation Solutions |
$ |
478 |
20.7 |
% |
$ |
496 |
20.6 |
% |
$ |
956 |
21.0 |
% |
$ |
1,000 |
20.8 |
% |
|||||||
|
Industrial Solutions |
327 |
17.9 |
239 |
15.3 |
594 |
17.4 |
466 |
15.5 |
|||||||||||||||
|
|
$ |
805 |
19.4 |
% |
$ |
735 |
18.5 |
% |
$ |
1,550 |
19.4 |
% |
$ |
1,466 |
18.8 |
% |
|||||||
|
|
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|
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|
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|
|
|
||||||||||||||
|
|
|||||||||||||||||
|
|
|||||||||||||||||
|
Automotive |
$ |
(37) |
(2.1) |
% |
$ |
6 |
0.4 |
% |
$ |
(43) |
$ |
— |
|||||
|
Commercial transportation |
(27) |
(7.0) |
(20) |
(5.1) |
(7) |
— |
|||||||||||
|
Sensors |
(29) |
(11.6) |
(25) |
(9.6) |
(4) |
— |
|||||||||||
|
Total Transportation Solutions |
(93) |
(3.9) |
(39) |
(1.5) |
(54) |
— |
|||||||||||
|
|
|||||||||||||||||
|
Automation and connected living |
12 |
2.4 |
8 |
1.5 |
(10) |
14 |
|||||||||||
|
Aerospace, defense, and marine |
32 |
9.4 |
37 |
10.8 |
(5) |
— |
|||||||||||
|
Digital data networks |
209 |
76.6 |
213 |
78.0 |
(4) |
— |
|||||||||||
|
Energy |
45 |
19.2 |
18 |
7.6 |
(7) |
34 |
|||||||||||
|
Medical |
(29) |
(13.7) |
(29) |
(13.7) |
— |
— |
|||||||||||
|
Total Industrial Solutions |
269 |
17.2 |
247 |
15.7 |
(26) |
48 |
|||||||||||
|
|
$ |
176 |
4.4 |
% |
$ |
208 |
5.3 |
% |
$ |
(80) |
$ |
48 |
|||||
|
|
|||||||||||||||||
|
|
|||||||||||||||||
|
|
|
|
|||||||||||||||
|
|
|
|
|
||||||||||||||
|
|
|||||||||||||||||
|
|
|||||||||||||||||
|
Automotive |
$ |
(111) |
(3.1) |
% |
$ |
(49) |
(1.3) |
% |
$ |
(50) |
$ |
(12) |
|||||
|
Commercial transportation |
(71) |
(9.6) |
(61) |
(8.3) |
(10) |
— |
|||||||||||
|
Sensors |
(61) |
(12.4) |
(55) |
(11.1) |
(6) |
— |
|||||||||||
|
Total Transportation Solutions |
(243) |
(5.1) |
(165) |
(3.4) |
(66) |
(12) |
|||||||||||
|
|
|||||||||||||||||
|
Automation and connected living |
27 |
2.8 |
(13) |
(1.4) |
(12) |
52 |
|||||||||||
|
Aerospace, defense, and marine |
76 |
12.0 |
82 |
12.9 |
(6) |
— |
|||||||||||
|
Digital data networks |
343 |
62.1 |
347 |
62.8 |
(4) |
— |
|||||||||||
|
Energy |
56 |
12.8 |
32 |
7.2 |
(10) |
34 |
|||||||||||
|
Medical |
(78) |
(19.0) |
(78) |
(19.0) |
— |
— |
|||||||||||
|
Total Industrial Solutions |
424 |
14.1 |
370 |
12.3 |
(32) |
86 |
|||||||||||
|
|
$ |
181 |
2.3 |
% |
$ |
205 |
2.7 |
% |
$ |
(98) |
$ |
74 |
|||||
|
|
|||||||||||||||||
|
|
|||||||||||||||||
|
|
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
|
|||||||||||||||
|
|
|
|
||||||||||||||
|
|
|
|
|
|
||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
Transportation Solutions |
$ |
445 |
$ |
— |
$ |
33 |
$ |
— |
$ |
478 |
||||||
|
Industrial Solutions |
303 |
12 |
12 |
— |
327 |
|||||||||||
|
|
$ |
748 |
$ |
12 |
$ |
45 |
$ |
— |
$ |
805 |
||||||
|
|
18.1 |
% |
19.4 |
% |
||||||||||||
|
|
$ |
(742) |
$ |
(2) |
$ |
(11) |
$ |
574 |
$ |
(181) |
||||||
|
|
98.3 |
% |
22.3 |
% |
||||||||||||
|
|
$ |
13 |
$ |
10 |
$ |
34 |
$ |
574 |
$ |
631 |
||||||
|
|
$ |
0.04 |
$ |
0.03 |
$ |
0.11 |
$ |
1.91 |
$ |
2.10 |
||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|
||||||||||||
|
|
|
|
|||||||||||
|
|
|
|
|
||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
Transportation Solutions |
$ |
477 |
$ |
— |
$ |
19 |
$ |
496 |
|||||
|
Industrial Solutions |
215 |
3 |
21 |
239 |
|||||||||
|
|
$ |
692 |
$ |
3 |
$ |
40 |
$ |
735 |
|||||
|
|
17.4 |
% |
18.5 |
% |
|||||||||
|
|
$ |
(146) |
$ |
(1) |
$ |
(6) |
$ |
(153) |
|||||
|
|
21.3 |
% |
21.0 |
% |
|||||||||
|
|
$ |
541 |
$ |
2 |
$ |
34 |
$ |
577 |
|||||
|
|
$ |
1.75 |
$ |
0.01 |
$ |
0.11 |
$ |
1.86 |
|||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
|
|||||||||||||||
|
|
|
|
||||||||||||||
|
|
|
|
|
|
||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
Transportation Solutions |
$ |
891 |
$ |
— |
$ |
65 |
$ |
— |
$ |
956 |
||||||
|
Industrial Solutions |
547 |
17 |
30 |
— |
594 |
|||||||||||
|
|
$ |
1,438 |
$ |
17 |
$ |
95 |
$ |
— |
$ |
1,550 |
||||||
|
|
18.0 |
% |
19.4 |
% |
||||||||||||
|
|
$ |
(920) |
$ |
(3) |
$ |
(20) |
$ |
587 |
$ |
(356) |
||||||
|
|
63.0 |
% |
22.6 |
% |
||||||||||||
|
|
$ |
541 |
$ |
14 |
$ |
75 |
$ |
587 |
$ |
1,217 |
||||||
|
|
$ |
1.80 |
$ |
0.05 |
$ |
0.25 |
$ |
1.95 |
$ |
4.04 |
||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
|
|||||||||||||||
|
|
|
|
||||||||||||||
|
|
|
|
|
|
||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
Transportation Solutions |
$ |
964 |
$ |
— |
$ |
33 |
$ |
3 |
$ |
1,000 |
||||||
|
Industrial Solutions |
426 |
11 |
28 |
1 |
466 |
|||||||||||
|
|
$ |
1,390 |
$ |
11 |
$ |
61 |
$ |
4 |
$ |
1,466 |
||||||
|
|
17.8 |
% |
18.8 |
% |
||||||||||||
|
|
$ |
959 |
$ |
(2) |
$ |
(11) |
$ |
(1,254) |
$ |
(308) |
||||||
|
|
(69.2) |
% |
21.1 |
% |
||||||||||||
|
|
$ |
2,345 |
$ |
9 |
$ |
50 |
$ |
(1,250) |
$ |
1,154 |
||||||
|
|
$ |
7.54 |
$ |
0.03 |
$ |
0.16 |
$ |
(4.02) |
$ |
3.71 |
||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
|
||||||||||||
|
|
|
|
|||||||||||
|
|
|
|
|
||||||||||
|
|
|||||||||||||
|
|
|||||||||||||
|
Transportation Solutions |
$ |
506 |
$ |
— |
$ |
(8) |
$ |
498 |
|||||
|
Industrial Solutions |
249 |
5 |
14 |
268 |
|||||||||
|
|
$ |
755 |
$ |
5 |
$ |
6 |
$ |
766 |
|||||
|
|
19.0 |
% |
19.3 |
% |
|||||||||
|
|
$ |
(181) |
$ |
— |
$ |
4 |
$ |
(177) |
|||||
|
|
24.0 |
% |
23.1 |
% |
|||||||||
|
|
$ |
573 |
$ |
5 |
$ |
10 |
$ |
588 |
|||||
|
|
$ |
1.86 |
$ |
0.02 |
$ |
0.03 |
$ |
1.91 |
|||||
|
|
|||||||||||||
|
|
|||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
|
|||||||||||||||
|
|
|
|
||||||||||||||
|
|
|
|
|
|
||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
Transportation Solutions |
$ |
1,880 |
$ |
— |
$ |
67 |
$ |
3 |
$ |
1,950 |
||||||
|
Industrial Solutions |
916 |
21 |
99 |
1 |
1,037 |
|||||||||||
|
|
$ |
2,796 |
$ |
21 |
$ |
166 |
$ |
4 |
$ |
2,987 |
||||||
|
|
17.6 |
% |
18.9 |
% |
||||||||||||
|
|
$ |
397 |
$ |
(3) |
$ |
(29) |
$ |
(1,016) |
$ |
(651) |
||||||
|
|
(14.2) |
% |
21.8 |
% |
||||||||||||
|
|
$ |
3,194 |
$ |
18 |
$ |
137 |
$ |
(1,012) |
$ |
2,337 |
||||||
|
|
$ |
10.34 |
$ |
0.06 |
$ |
0.44 |
$ |
(3.28) |
$ |
7.56 |
||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
||||||||||||||||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
$ |
2.02 |
|
|
Restructuring and other charges, net |
0.02 |
||
|
Acquisition-related charges |
0.02 |
||
|
|
$ |
2.06 |
|
|
|
8.1 |
% |
|
|
(Acquisitions) divestitures, net |
(3.0) |
||
|
|
5.1 |
% |
|
|
|
|||
View original content to download multimedia:https://www.prnewswire.com/news-releases/te-connectivity-delivers-sales-and-eps-above-guidance-in-second-quarter-of-fiscal-year-2025-302435176.html
SOURCE TE Connectivity plc
