secwatch.observer — SEC 8-K summary
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Issuer:     TE Connectivity plc (TEL)
CIK:        0001385157
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001558370-24-005522
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TE Connectivity Q2 FY24 adj EPS $1.86 beats guidance, up 13% YoY; record FCF $1.1B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385157/000155837024005522/0001558370-24-005522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1385157/000155837024005522/tel-20240424x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-005522

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