TE Connectivity announces second quarter results for fiscal year 2024
SCHAFFHAUSEN, Switzerland, April 24, 2024 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal second quarter ended March 29, 2024.
- Year-over-year EPS growth driven by significant margin expansion; record cash flow generation
SCHAFFHAUSEN, Switzerland, April 24, 2024 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal second quarter ended March 29, 2024. - GAAP diluted earnings per share (EPS) from continuing operations were $1.75, and adjusted EPS exceeded guidance at $1.86, up 13% year over year.
- "Building upon our performance this quarter, we expect to deliver strong earnings growth and margin expansion both in the third quarter and for the full fiscal year.
- For the third quarter of fiscal 2024, the company expects net sales of approximately $4.0 billion.