Associated tags: TE, Transport, TEL, WeChat, Connected space, TE Connectivity, NYSE, Cryptocurrency, Telephone
Locations: PENNSYLVANIA, SWITZERLAND, CHINA, GERMANY, JAPAN, UNITED STATES, INDIA
SCHAFFHAUSEN, Switzerland, April 29, 2024 /PRNewswire/ -- Executives and engineers at technology companies around the world are optimistic about artificial intelligence and sustainability as broad concepts, but there is uncertainty around the best path forward to advance these initiatives within their companies.
Key Points:
- Those revelations emerged from the 2024 Industrial Technology Index from TE Connectivity, a world leader in connectors and sensors.
- "TE has devoted significant resources to sustainability and AI, and we know other companies are doing the same.
- The survey's results make apparent the disconnect between leaders and engineers when it comes to rolling out artificial intelligence.
- View the full 2024 Industrial Technology Index, including analysis of the results by TE leaders and engineers, at te.com/techindex .
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Wednesday, April 24, 2024
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Growth SCHAFFHAUSEN, Switzerland, April 24, 2024 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal second quarter ended March 29, 2024.
Key Points:
- 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.
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Renewable energy SCHAFFHAUSEN, Switzerland, April 11, 2024 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, has made significant strides over the past year in meeting its sustainability and social ambitions, as detailed today in its annual corporate responsibility report .
Key Points:
- SCHAFFHAUSEN, Switzerland, April 11, 2024 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, has made significant strides over the past year in meeting its sustainability and social ambitions, as detailed today in its annual corporate responsibility report .
- "TE's One Connected World strategy guides our sustainability journey," said CEO Terrence Curtin.
- TE has reduced absolute Scope 1 and Scope 2 greenhouse gas emissions directly generated by the company by 72% since 2020.
- Additionally, TE has committed to reduce indirect Scope 3 emissions, resulting from its value chain, by 30% by 2032 (against a 2022 baseline).
SCHAFFHAUSEN, Switzerland, April 3, 2024 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) will report financial results for the second quarter of fiscal year 2024 before trading begins on April 24, 2024.
Key Points:
- SCHAFFHAUSEN, Switzerland, April 3, 2024 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) will report financial results for the second quarter of fiscal year 2024 before trading begins on April 24, 2024.
- The company will hold a conference call for investors at 8:30 a.m.
- ET.
- ET on April 24, 2024.
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University of Memphis SCHAFFHAUSEN, Switzerland, March 21, 2024 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, will welcome another 10 students this year into its African Heritage Scholarship Program.
Key Points:
- SCHAFFHAUSEN, Switzerland, March 21, 2024 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, will welcome another 10 students this year into its African Heritage Scholarship Program.
- The $3.5 million program, now in its third year, is an investment in the company's efforts to further diversify its workforce and bring new opportunities in the technology industry to top-performing Black and African American students in the United States.
- "Inclusion is one of TE's core values and the African Heritage Scholarship Program is a great example of how we are working to further diversify our teams," said CEO Terrence Curtin.
- "I am excited to see the contributions of this new class of scholars, as well as the people who have completed the program and have chosen to begin their careers at TE."
SCHAFFHAUSEN, Switzerland, March 14, 2024 /PRNewswire/ -- The Board of Directors of TE Connectivity Ltd. (NYSE: TEL), a world leader in connectors and sensors, has unanimously approved a proposed change of the company's place of incorporation from Switzerland to Ireland.
Key Points:
- SCHAFFHAUSEN, Switzerland, March 14, 2024 /PRNewswire/ -- The Board of Directors of TE Connectivity Ltd. (NYSE: TEL), a world leader in connectors and sensors, has unanimously approved a proposed change of the company's place of incorporation from Switzerland to Ireland.
- Shareholders will be asked to vote in favor of the proposal at a Special General Meeting of Shareholders in Zurich, Switzerland.
- TE Connectivity does not anticipate any material change in its operations or financial results as a result of the change of domicile.
- Switzerland will continue to serve as a TE leadership hub for critical strategic and operational functions.
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Wednesday, March 13, 2024
SCHAFFHAUSEN, Switzerland, March 13, 2024 /PRNewswire/ -- Shareholders of TE Connectivity Ltd. (NYSE: TEL), a world leader in connectors and sensors, elected Carol "John" Davidson as the new chairman of the board at the company's March 13 annual general meeting of shareholders.
Key Points:
- SCHAFFHAUSEN, Switzerland, March 13, 2024 /PRNewswire/ -- Shareholders of TE Connectivity Ltd. (NYSE: TEL), a world leader in connectors and sensors, elected Carol "John" Davidson as the new chairman of the board at the company's March 13 annual general meeting of shareholders.
- Davidson assumes the chairman's role from Tom Lynch, who retired from the board after serving as the chairman since 2013.
- Davidson has served as a member of the board since 2016 and has been the lead independent director of TE since 2022.
- He has more than 30 years of leadership experience across multiple industries and is an experienced board leader.
TE, which has earned this honor for 10 consecutive years, is one of only four honorees in the electronics and components industry.
Key Points:
- TE, which has earned this honor for 10 consecutive years, is one of only four honorees in the electronics and components industry.
- In 2024, 136 companies were recognized spanning 20 countries and 44 industries.
- "At TE, our core values of integrity, accountability, inclusion, innovation and teamwork dictate how we operate and how we innovate," said CEO Terrence Curtin.
- Congratulations to TE Connectivity for achieving this honor and demonstrating that strong ethics is good business."
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Wednesday, January 31, 2024
SCHAFFHAUSEN, Switzerland, Jan. 31, 2024 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, has maintained its positive reputation among the business community, earning a spot on the Fortune World's Most Admired Companies list for the seventh consecutive year.
Key Points:
- Company reputation remains strong among business peers, analysts
SCHAFFHAUSEN, Switzerland, Jan. 31, 2024 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, has maintained its positive reputation among the business community, earning a spot on the Fortune World's Most Admired Companies list for the seventh consecutive year.
- The annual survey, conducted by Fortune and Korn Ferry, is given to top executives, directors and financial analysts to identify the companies that enjoy the strongest reputations among their peers and across industries.
- "We believe strongly in our purpose to create a safer, sustainable, productive and connected future, and we appreciate this external recognition of our efforts."
- The corporate reputation and performance of companies ranked among the World's Most Admired Companies are measured against nine criteria, including innovativeness, social responsibility, quality of management, long-term investment value and ability to attract talent.
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Wednesday, January 24, 2024
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Cryptocurrency SCHAFFHAUSEN, Switzerland, Jan. 24, 2024 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal first quarter ended Dec. 29, 2023.
Key Points:
- EPS above guidance driven by significant margin expansion; first quarter record cash flow
SCHAFFHAUSEN, Switzerland, Jan. 24, 2024 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal first quarter ended Dec. 29, 2023.
- Cash flow from operating activities was $719 million and free cash flow was $570 million, both first quarter records.
- Deployed approximately $1 billion of capital in the quarter, including approximately $600 million returned to shareholders and approximately $350 million used for the acquisition of Schaffner.
- For the second quarter of fiscal 2024, the company expects net sales of approximately $3.95 billion.
