TE Connectivity Ltd. ( (TEL) ) has realeased its Q4 earnings. Here is a breakdown of the information TE Connectivity Ltd. presented to its investors.
TE Connectivity Ltd., a global industrial technology leader, specializes in creating connectivity and sensor solutions for sectors such as transportation, renewable energy, and medical technology. In its latest earnings report for fiscal year 2024, TE Connectivity achieved record levels in operating margins, earnings per share (EPS), and cash generation, with net sales reaching $15.8 billion. The company reported a significant adjusted EPS increase of 10% year-over-year in the fourth quarter, setting a new record. Operating margins were also strong, attributed to effective operational performance across various segments. Strategic financial maneuvers included a $2.5 billion increase in the share repurchase program, reflecting confidence in future business performance. Additionally, the Transportation segment expanded its adjusted operating margin to 20%, while the Communications segment saw notable growth driven by advancements in artificial intelligence programs. Looking ahead, TE Connectivity anticipates continued growth in the first quarter of fiscal 2025, with expected increases in both sales and adjusted EPS. The company plans to leverage its strengths in electrification, data connectivity, renewable energy, and AI, reinforcing its commitment to long-term value creation.
