TE Connectivity reports Q1 adjusted EPS $1.95, consensus $1.89

Reports Q1 revenue $3.84B, consensus $3.91B. Orders of $4B, were up 6%. “I’m pleased that our team began the fiscal year with a strong operational performance, highlighted by adjusted EPS above guidance and records in both adjusted operating margin and first quarter free cash flow,” said TE Connectivity (TEL) CEO Terrence Curtin. “In our Transportation segment, we continued to navigate an uneven global vehicle production environment to deliver a strong result while continuing to innovate with our global customers in growth trends such as electrification and next-generation vehicle data connectivity. We delivered double digit sales growth in our Industrial segment and expanded margins, driven by momentum in AI programs across multiple customers, as well as capitalizing on ongoing strength in our AD&M and Energy businesses.”