TE Connectivity announces fourth quarter and full year results for fiscal year 2023
SCHAFFHAUSEN, Switzerland, Nov. 1, 2023 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal fourth quarter and year ended Sept. 29, 2023.
- Q4 earnings per share exceed guidance;
Full year results reflect strong margin and EPS expansion from first half to second half;
SCHAFFHAUSEN, Switzerland, Nov. 1, 2023 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal fourth quarter and year ended Sept. 29, 2023. - Net sales were $4 billion, essentially flat on a reported basis and down 2% organically, when comparing both to a 13-week fourth quarter in fiscal year 2022.
- "I'm pleased with our strong finish to fiscal 2023, as we delivered earnings above guidance for the quarter along with record cash flow that resulted in over 100% free cash flow conversion," said TE Connectivity CEO Terrence Curtin.
- A replay of the conference call will be available on TE Connectivity's investor website at investors.te.com at 11:30 a.m.