TE Connectivity Ltd. Reports Earnings Results for the Full Year Ended September 24, 2021
October 27, 2021 at 06:20 am EDT
Share
TE Connectivity Ltd. reported earnings results for the full year ended September 24, 2021. For the full year, the company reported sales was USD 14,923 million compared to USD 12,172 million a year ago. Net income was USD 2,261 million compared to net loss of USD 241 million a year ago. Basic earnings per share from continuing operations was USD 6.83 compared to basic loss per share from continuing operations of USD 0.78 a year ago. Diluted earnings per share from continuing operations was USD 6.77 compared to diluted loss per share from continuing operations of USD 0.78 a year ago. Basic earnings per share was USD 6.85 compared to basic loss per share of USD 0.73 a year ago. Diluted earnings per share was USD 6.79 compared to diluted loss per share of USD 0.73 a year ago.
TE Connectivity Ltd. specializes in the design, manufacturing and marketing of high-precision connectivity solutions, sensors and electronic components. Net sales break down by market as follows:
- transportation (59.8%);
- industry (28.4%): including the electrical, medical, aerospace and defense and machinery manufacturing industries;
- telecommunications (11.8%).
As of September 29, 2023, the group had 104 manufacturing sites worldwide.
Net sales are distributed geographically as follows: Europe/Middle East/Africa (38.7%), Asia/Pacific (32.2%) and America (29.1%).