earnings
confidence high
sentiment positive
materiality 0.82
TE Connectivity Q3 adjusted EPS record $1.91, up 8% YoY; margins expand 200 bps
TE Connectivity plc
2024-Q3 EPS reported
$9.41
revenue$11,777,000,000
- Net sales $4.0B (-1% reported, +2% organic YoY); GAAP EPS $1.86 (+11%).
- Adjusted operating margin 19.3%, a quarterly record; orders $4.1B (+4% YoY).
- Record year-to-date free cash flow ~$2.0B, up 36% YoY; $1.8B returned to shareholders.
- Communications segment sales grew >20% with AI program momentum; automotive up 4% organically.
- Q4 guidance: net sales ~$4.0B; adjusted EPS ~$1.94 (+9% YoY); $0.10 headwind from tax/forex.