TE Connectivity plc announced its third quarter results for fiscal 2025, reporting significant growth with double-digit increases in sales and earnings per share (EPS). The company achieved over 30% sales growth in its Industrial segment, driven by high-speed connectivity solutions for AI applications and strong performance in the energy sector. TE Connectivity returned $1.5 billion to shareholders during this period and reported adjusted operating margins of 20%, alongside record cash generation.
For the upcoming fourth quarter, TE Connectivity expects net sales of approximately $4.55 billion, reflecting a 12% increase on a reported basis and a 6% increase organically. The company anticipates GAAP EPS of around $2.18 and adjusted EPS of approximately $2.27, marking substantial year-over-year growth. The results indicate a positive outlook for the company, supported by its diversified portfolio and global positioning.
linkJul 23, 2025 06:21:23
TE Connectivity plc has announced the pricing of a $900 million senior notes offering through its subsidiary, Tyco Electronics Group S.A. The offering includes two sets of senior notes: $450 million due in 2031 with a 4.500% interest rate, and $450 million due in 2035 with a 5.000% interest rate. The notes will be issued at slightly discounted prices and interest will be paid semi-annually. The offering is expected to close on May 9, 2025.
The net proceeds from this offering will be used for general corporate purposes, including repaying debt related to the acquisition of the Richards Manufacturing business. The offering is made under an effective registration statement filed with the SEC, and various financial institutions are acting as joint book-running managers for the offering.
linkMay 09, 2025 16:19:00
TE Connectivity plc has announced the pricing of €500 million in senior notes with a 2.500% interest rate due in 2028. The notes will be issued at a price of 99.610% and the offering is expected to close on May 6, 2025. The proceeds will be used for general corporate purposes, including the repayment of debt related to the acquisition of the Richards Manufacturing business.
This offering is made under an effective registration statement filed with the Securities and Exchange Commission. The senior notes are not available to retail investors in the EEA or the UK, and the offering is limited to professional clients and eligible counterparties. A group of banks, including Barclays Bank PLC and Deutsche Bank, are acting as joint book-running managers for the offering.
linkMay 06, 2025 16:30:43
TE Connectivity plc announced its fiscal second quarter results, reporting sales and earnings per share (EPS) that exceeded the company’s guidance. The company achieved record adjusted EPS, driven by strong performance in its Transportation and Industrial segments. TE Connectivity noted a 17% sales growth in its Industrial segment, attributed to advancements in AI, aerospace, and energy applications. The company expressed confidence in navigating the current trade environment due to its strategic manufacturing locations and operational capabilities.
For the third quarter of fiscal 2025, TE Connectivity expects net sales of approximately $4.30 billion, an 8% increase year over year, and GAAP EPS from continuing operations of around $2.02, reflecting a nearly 9% increase. The guidance includes anticipated benefits from the recent Richards acquisition and considers potential tariff impacts. The company also highlighted tax rate headwinds that may affect EPS on a year-over-year and sequential basis.
linkApr 23, 2025 06:14:42
TE Connectivity has completed the acquisition of Richards Manufacturing Co., a North American leader in utility grid products. This acquisition is expected to enhance TE's capabilities in the region's grid replacement and upgrade cycle, while the existing Richards management team will continue to oversee operations to maintain business continuity during the integration process.
The press release does not mention any specific financial metrics related to the acquisition or TE Connectivity's overall financial performance. No potential challenges or negative aspects of the acquisition were highlighted in the announcement.
linkApr 01, 2025 16:18:44
TE Connectivity plc has entered into a 364-Day Senior Credit Agreement, providing revolving credit commitments totaling $1.5 billion. This facility will support borrowings under the company's commercial paper program and has an option to extend for an additional year. The agreement includes a financial ratio covenant that may trigger an Event of Default if the company's debt-to-EBITDA ratio exceeds 3.75 to 1.0, along with various customary terms and conditions.
The credit facility requires TEGSA to pay an annual fee based on its credit ratings, which ranges from 3.0 to 9.0 basis points. Additionally, the agreement outlines potential relationships between the lenders and the company, involving various financial services. The overall structure of the agreement highlights the company's financial obligations and the conditions that could affect its standing under this credit arrangement.
linkMar 17, 2025 16:33:31
TE Connectivity has announced its plan to acquire Richards Manufacturing Co. for approximately $2.3 billion, aiming to enhance its position in the energy sector, particularly in serving electrical utilities in North America. This acquisition is expected to leverage Richards' expertise and product offerings, which have shown double-digit revenue growth, and is projected to contribute annual sales of about $400 million with EBITDA margins in the mid-30 percent range. TE Connectivity anticipates that the deal will positively impact its sales growth and adjusted operating margins, with an expected $0.10 increase in adjusted EPS in the first full year post-acquisition.
However, the transaction is contingent upon regulatory approvals and other customary closing conditions, which could pose uncertainties. Additionally, the acquisition will be financed through cash and additional debt, raising concerns about potential financial implications. While TE Connectivity expresses confidence in the strategic alignment of the acquisition, there are inherent risks related to the successful integration of Richards Manufacturing into its operations and the realization of projected financial benefits.
linkFeb 12, 2025 06:50:33
TE Connectivity plc has successfully priced an offering of €750 million in senior notes with a 3.250% interest rate, due in 2033. The notes will be issued at a price of 99.136%, and the proceeds are intended for general corporate purposes, which may include repaying existing debt. The offering is set to close on January 31, 2025, with major banks managing the issuance.
However, the announcement includes a disclaimer that it does not constitute an offer to sell or solicit offers to buy securities in jurisdictions where such actions would be unlawful. Additionally, the company highlights various risks and uncertainties that could impact its operations and financial performance, including economic conditions, competition, and regulatory changes.
linkJan 31, 2025 16:12:39
TE Connectivity plc announced its first quarter results for fiscal year 2025, reporting adjusted earnings per share (EPS) above guidance and record free cash flow. The company experienced double-digit sales growth in its Industrial segment and maintained strong performance in its Transportation segment, despite challenges in the global vehicle production environment. The CEO expressed optimism about ongoing innovations in electrification and connectivity trends, as well as the company's focus on long-term growth opportunities through acquisitions and margin expansion.
However, the company also faced some challenges, including a decline in net sales compared to the previous year, particularly in the Transportation Solutions segment, which saw a 6.3% decrease. The second quarter outlook includes a projected GAAP EPS of approximately ($0.05) due to a one-time non-cash tax charge related to changes in tax law. Additionally, the company anticipates currency exchange and tax headwinds impacting its financial performance compared to the prior year.
linkJan 22, 2025 06:14:52
TE Connectivity reported total net sales of $4.068 billion for the latest quarter, showing a slight increase compared to the previous quarter's sales of $3.979 billion. The Transportation Solutions segment generated $2.330 billion, while the Industrial Solutions segment contributed $1.738 billion. Year-to-date, the company's total net sales reached $15.845 billion, slightly down from $16.034 billion in the same period last year, indicating a stable performance in a challenging market environment.
On the downside, operating income decreased to $651 million from $755 million in the prior quarter. The Transportation Solutions segment saw a drop in operating income, falling to $410 million from $506 million. Although adjusted operating income remained relatively stable at $755 million, it still reflects a slight decline from previous figures. Overall, the company faces pressure in maintaining its income levels, despite achieving notable sales figures.
linkDec 17, 2024 14:30:10