TE CONNECTIVITY LTD.

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05/19TE CONNECTIVITY LTD. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits (form 8-K)
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05/19TE Connectivity to present at Bernstein's Strategic Decisions Conference
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TE Connectivity Expects 2Q Growth Amid Strong Demand

01/26/2022 | 06:41am EDT

By Will Feuer


TE Connectivity Ltd. said it expects to post an uptick in sales and solid growth in earnings for its current quarter as the company navigates global supply-chain challenges amid strong demand for its equipment.

The Swiss company, which makes connectivity and sensor equipment, on Wednesday forecasted second-quarter sales of about $3.8 billion, up 2% on a reported basis from a year earlier.

TE Connectivity said it expects adjusted earnings for the quarter to come in around $1.70 a share, up 8% from the comparable quarter a year earlier. On an unadjusted basis, the company said it expects earnings of $1.52 a share.

"We expect to deliver year-over-year sales and earnings growth in the second quarter as we continue to capitalize on a strong demand environment and our team's ability to continue to execute well despite ongoing volatility in global supply chains," TE Connectivity Chief Executive Terrence Curtin said Wednesday.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

01-26-22 0641ET

All news about TE CONNECTIVITY LTD.
05/19TE CONNECTIVITY LTD. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Fi..
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04/27TRANSCRIPT : TE Connectivity Ltd., Q2 2022 Earnings Call, Apr 27, 2022
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04/27TE CONNECTIVITY : announces second quarter results for fiscal year 2022 - Form 8-K
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Financials (USD)
Sales 2022 15 795 M - -
Net income 2022 2 244 M - -
Net Debt 2022 2 817 M - -
P/E ratio 2022 18,2x
Yield 2022 1,63%
Capitalization 40 301 M 40 301 M -
EV / Sales 2022 2,73x
EV / Sales 2023 2,51x
Nbr of Employees 89 000
Free-Float 94,9%
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 124,84 $
Average target price 152,00 $
Spread / Average Target 21,8%
EPS Revisions
Managers and Directors
Terrence R. Curtin Executive VP & President-Industrial Solutions
Heath A. Mitts Chief Financial Officer, Director & Executive VP
Thomas J. Lynch Chairman
Joseph F. Eckroth Chief Information Officer & Senior Vice President
Phil Gilchrist Chief Technology Officer & Vice President
Sector and Competitors