The company said net sales for the fourth quarter ended September 27, 2024 were $4.1 billion, up 1% on a reported basis (2% organically) year over year, with adjusted EPS at $1.95 and adjusted operating margin at 18.6%.

1. 01

   The company said net sales for the fourth quarter ended September 27, 2024 were $4.1 billion, up 1% on a reported basis (2% organically) year over year, with adjusted EPS at $1.95 and adjusted operating margin at 18.6%.

2. 02

   The company said GAAP diluted EPS for Q4 was $0.90, down 49% year over year. It cited a one-time tax impact of $0.78 related to an increase in the valuation allowance on deferred tax assets at its Swiss subsidiary as a factor.

3. 03

   TE Connectivity said it generated $3,477 million of operating cash flow and $2,813 million of free cash flow in fiscal 2024. It said it returned about $2.8 billion to shareholders and deployed about $340 million for a small acquisition.

4. 04

   The company said its board of directors authorized a $2.5 billion increase in the share repurchase program. It also outlook for fiscal 2025 Q1 net sales of about $3.9 billion, GAAP EPS of $1.64 and adjusted EPS of $1.88.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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