earnings
confidence high
sentiment positive
materiality 0.75
TE Connectivity Q3 FY22 record sales $4.1B, adj EPS $1.86 beat; Q4 adj EPS guidance $1.85 up 9% YoY
TE Connectivity plc
2022-Q3 EPS reported
$5.26
revenue$11,922,000,000
- Net sales $4.1B (+7% reported, +11% organic YoY); orders $4.2B, book-to-bill 1.02, backlog up >20%.
- GAAP EPS $1.83 (+5% YoY); adjusted EPS $1.86 (+4% YoY); adjusted operating margin 18.6%.
- Transportation organic sales +8%, Industrial +13%, Communications +16% YoY.
- Q4 FY22 guidance: sales ~$4.2B (+10% reported, +15% organic), adj EPS ~$1.85 (+9% YoY); includes $0.10 from extra week.
- Fiscal 2022 outlook: sales ~$16.1B adj EPS ~$7.29 (+12% YoY); YTD free cash flow ~$1B.