TE Connectivity announces new segment structure effective Q1 FY2025; recasts prior results

TE Connectivity plc

Company reorganized into two segments: Transportation Solutions and Industrial Solutions, effective Q1 fiscal 2025.
Communications Solutions businesses moved into Industrial Solutions; appliances and industrial equipment combined into automation and connected living.
Recast historical segment results for FY2024 and FY2023, including net sales and adjusted operating income by segment.
FY2024 total net sales $15,845M; Transportation Solutions $9,481M, Industrial Solutions $6,364M.
Adjusted operating income for FY2024: Transportation $1,950M, Industrial $1,037M.

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