TE Connectivity Q1 adjusted EPS $1.84 beats guidance; record free cash flow of $570M

TE Connectivity plc

2024-Q1 EPS reported $5.76 revenue$3,831,000,000

Net sales $3.83B, flat YoY reported, organic -1%; orders $3.8B up 4% YoY across all segments.
GAAP EPS $5.76 includes one-time tax benefit; adjusted EPS $1.84 up 20% YoY; adj. operating margin 19.1% (+290 bps).
Record free cash flow $570M from $719M operating cash flow; deployed ~$1B capital including $600M shareholder returns and $350M for Schaffner acquisition.
Q2 guidance: net sales ~$3.95B; adjusted EPS ~$1.82 (+10% YoY); GAAP EPS ~$1.75 (+31% YoY).

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TE Connectivity plc reported fiscal first quarter ended Dec. 29, 2023 results: revenue $3.83 billion, EPS GAAP diluted earnings per share (EPS) from continuing operations were $5.76, including a one-time tax-related benefit, a.

Period: fiscal first quarter ended Dec. 29, 2023
Revenue: $3.83 billion
EPS: GAAP diluted earnings per share (EPS) from continuing operations were $5.76, including a one-time tax-related benefit, a
Result: reported results

Exact text from the filing

– Jan. 24, 2024 – TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal first quarter ended Dec. 29, 2023. First Quarter Highlights ● Net sales were $3.83 billion, in line with guidance , essentially flat on a reported basis year over year and down 1% organically. ● GAAP diluted earnings per share (EPS) from continuing operations were

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Source: SEC EDGAR

accession 0001558370-24-000444

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