TE Connectivity Q1 FY23 adj EPS $1.53 beats guidance; sales $3.8B up 8% organic

TE Connectivity plc

2023-Q1 EPS reported $1.24 revenue$3,841,000,000

Net sales $3.8B, up 1% reported, 8% organic YoY; Transportation +14% organic, Industrial +7%, Communications -11%.
GAAP EPS $1.25; adjusted EPS $1.53 above guidance; impacted by $0.25 FX/tax headwinds.
Orders $3.6B; free cash flow ~$400M; $410M returned to shareholders (dividends + buybacks).
Q2 FY23 guidance: sales ~$3.9B (down 3% reported, +2% organic); adjusted EPS ~$1.57.
Communications segment weakness due to inventory consumption; strong backlog in Transportation and Industrial.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TE Connectivity plc reported fiscal first quarter ended Dec. 30, 2022 results: revenue $3.8 billion, EPS GAAP diluted earnings per share (EPS) from continuing operations were $1.25, and adjusted EPS exceeded guidance at $1.53.

Period: fiscal first quarter ended Dec. 30, 2022
Revenue: $3.8 billion
EPS: GAAP diluted earnings per share (EPS) from continuing operations were $1.25, and adjusted EPS exceeded guidance at $1.53
Result: reported results

Exact text from the filing

– Jan. 25, 2023 – TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal first quarter ended Dec. 30, 2022. First Quarter Highlights ● Net sales were $3.8 billion, up 1% on a reported basis and 8% organically year over year. o Organic growth of 14% in the Transportation Solutions segment and 7% in the Industrial Solutions segment,

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Source: SEC EDGAR

accession 0001558370-23-000486

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