earnings
confidence high
sentiment positive
materiality 0.85
TE Connectivity Q2 FY24 adj EPS $1.86 beats guidance, up 13% YoY; record FCF $1.1B
TE Connectivity plc
2024-Q2 EPS reported
$7.54
revenue$7,798,000,000
- Net sales $3.97B, down 5% YoY (organic -3%), in line with guidance; orders $4.0B (+6% sequentially).
- GAAP EPS $1.75; adjusted EPS $1.86, above guidance midpoint; operating margin 18.5% (up 250 bps YoY).
- Record first-half free cash flow $1.1B, up 32% YoY; deployed $1.2B to shareholders, $350M on Schaffner acquisition.
- Q3 FY24 guidance: sales ~$4.0B, GAAP EPS ~$1.71, adjusted EPS ~$1.85 (up 5% YoY); currency/tax headwind $0.15.
- All three segments posted sequential order growth; Scope 1+2 emissions reduced 72% over three years.