The company said it reorganized its management and segments from fiscal 2025 Q1 to align the organization around its strategy, moving businesses from the former Communications Solutions segment into the Industrial Solutions segment. The new structure consists of two segments: Transportation Solutions and Industrial Solutions.

1. 01

   The company said it reorganized its management and segments from fiscal 2025 Q1 to align the organization around its strategy, moving businesses from the former Communications Solutions segment into the Industrial Solutions segment. The new structure consists of two segments: Transportation Solutions and Industrial Solutions.

2. 02

   The company said it recast prior-period segment results to the new structure to aid comparability. It said the unaudited information has no impact on previously reported consolidated financial statements and is not a restatement of prior financial statements.

3. 03

   The company disclosed that on a recast basis, total net sales for fiscal 2024 were $15,845 million, with Transportation Solutions at $9,481 million and Industrial Solutions at $6,364 million. Total net sales for fiscal 2023 were $16,034 million.

4. 04

   TE Connectivity disclosed that on a recast basis, operating income for fiscal 2024 was $2,796 million, and Adjusted operating income, a non-GAAP measure, was $2,987 million. Full-year fiscal 2023 figures were $2,304 million and $2,677 million, respectively.

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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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