earnings
confidence high
sentiment positive
materiality 0.75
TE Connectivity Q2 FY2022: Record sales $4.0B, adj. EPS $1.81 up 15% YoY
TE Connectivity plc
2022-Q2 EPS reported
$3.43
revenue$7,825,000,000
- Net sales of $4.0B, up 7% reported, 8% organic YoY; orders $4.5B with book-to-bill 1.13.
- GAAP EPS $1.71 (+13% YoY); adjusted EPS $1.81 (+15% YoY); adjusted operating margin 18.4% (+140bps).
- Q3 FY2022 guidance: sales ~$3.9B, adj. EPS ~$1.75; includes ~300bps headwind from China COVID shutdowns.
- Transportation segment organic sales up 5%, Industrial up 11%, Communications up 23% YoY.
- Cash flow from operations $413M; returned ~$670M to shareholders in Q2 via dividends and buybacks.