TE Connectivity Q3 EPS beats guidance at $1.77 adjusted; sales $4B in line

TE Connectivity plc

2023-Q3 EPS reported $4.27 revenue$11,999,000,000

GAAP EPS $1.67, adjusted EPS $1.77, both above guidance; Q3 net sales $4.0B, in line with guidance.
Operating cash flow $779M, free cash flow $614M; $1.2B returned to shareholders YTD.
Transportation and Industrial segments grew YoY, offsetting expected Communications decline.
Q4 FY23 guidance: sales ~$4B, GAAP EPS ~$1.63, adjusted EPS ~$1.75.
Order levels $4B, stable across segments; design-win momentum in AI applications noted.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TE Connectivity plc reported fourth quarter of fiscal 2023 results: revenue $4 billion, EPS $1.63. Guidance reaffirmed.

Period: fourth quarter of fiscal 2023
Revenue: $4 billion
EPS: $1.63
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

For the fourth quarter of fiscal 2023, the company expects net sales of approximately $4 billion. GAAP EPS from continuing operations are expected to be approximately $1.63, with adjusted EPS of approximately $1.75.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TE Connectivity plc reported third quarter ended June 30, 2023 results: revenue $4 billion, EPS $1.67.

Period: third quarter ended June 30, 2023
Revenue: $4 billion
EPS: $1.67
Result: reported results

Exact text from the filing

– July 26, 2023 – TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal third quarter ended June 30, 2023. Third Quarter Highlights ● Net sales were $4 billion , in line with guidance, with year-over-year growth in the Transportation and Industrial segments offsetting an expected decline in Communications. ● GAAP diluted earnings per

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Source: SEC EDGAR

accession 0001558370-23-012232

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