secwatch.observer — SEC 8-K summary
======================================

Issuer:     TE Connectivity plc (TEL)
CIK:        0001385157
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001558370-24-000444
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385157/000155837024000444/0001558370-24-000444-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1385157/000155837024000444/tel-20240124x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000444

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer