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te connectivity news

ABOUT TE CONNECTIVITY TE Connectivity is a $12 billion global industrial technology leader creating a safer, sustainable, productive and connected future. In particular, our Transportation segment was up nearly 50% from last quarter, driven by a recovery in auto production and our continued outperformance versus the market due to our strong position in hybrid and electric vehicle platform technology," said TE Connectivity CEO Terrence Curtin. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES, Diluted earnings per share from continuing operations. © 2020 TE Connectivity. For the first quarter of fiscal 2021, the company expects net sales of approximately $3.2 billion, reflecting an increase of 1% on a reported basis and down 2% on an organic basis year over year. (1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction. GAAP earnings per share (EPS) from continuing operations were, Cash flow from continuing operating activities was, GAAP EPS from continuing operations were a loss of, By telephone: For both "listen-only" participants and those participants who wish to take part in the question-and-answer portion of the call, the dial-in number in, A replay of the conference call will be available on TE Connectivity's investor website at. All Rights Reserved. GAAP EPS from continuing operations are expected to be approximately $0.83, with adjusted EPS of approximately $1.25. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED), Selling, general, and administrative expenses, Research, development, and engineering expenses, Income from continuing operations before income taxes, Income (loss) from discontinued operations, net of income taxes, Income (loss) from discontinued operations. +1 800 522 6752 or Live Chat These non-GAAP financial measures may not be comparable to similarly-titled measures reported by other companies. ET. Adjusted Other Income (Expense), Net – represents net other income (expense) (the most comparable GAAP financial measure) before special items including tax sharing income related to adjustments to prior period tax returns and other items, if any. (4) See description of non-GAAP financial measures. (1) Organic net sales growth (decline) is a non-GAAP financial measure. Direct Line: 610-893-9435 Our broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. (2) Includes acquisition-related charges of $30 million and a write-off of spare parts of $17 million. Management uses non-GAAP financial measures internally for planning and forecasting purposes and in its decision-making processes related to the operations of our company. Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating activities: Provision for losses on accounts receivable and inventories. Adjusted Operating Income (Loss) is a significant component in our incentive compensation plans. This measure is a significant component in our incentive compensation plans. Organic Net Sales Growth (Decline) is a useful measure of our performance because it excludes items that are not completely under management's control, such as the impact of changes in foreign currency exchange rates, and items that do not reflect the underlying growth of the company, such as acquisition and divestiture activity. About TE Connectivity. Berwyn, PA 19312, TE Connectivity Main Switchboard: US 610-893-9800, TE Connectivity achieves Dow Jones Sustainability Index listing for ninth consecutive year, TE Connectivity announces fiscal 2021 first quarter dividend record and payment dates, TE Connectivity to present at Baird's 2020 Global Industrial Conference, TE Connectivity announces fourth quarter and full year results for fiscal year 2020, TE Connectivity to report fourth quarter and full year financial results on October 28, 2020, TE Connectivity to present at Citi's 2020 Global Virtual Technology Conference, TE Connectivity sets new sustainability, charitable goals for 2030, TE Connectivity announces fiscal 2020 fourth quarter dividend record and payment dates, TE Connectivity named one of Fast Company's 100 Best Workplaces for Innovators, TE Connectivity announces third quarter results for fiscal year 2020, TE Connectivity to report third quarter financial results on July 29, 2020, TE Connectivity to present at Bernstein's 36th Annual Strategic Decisions Conference, TE Connectivity announces fiscal 2020 third quarter dividend record and payment dates, TE Connectivity announces second quarter results for fiscal year 2020, TE Connectivity to report second quarter financial results on April 28, 2020, TE Connectivity and TE Connectivity Foundation support global fight against COVID-19, TE Connectivity acquires majority share of First Sensor AG, Lynn Dugle, Dawn Willoughby elected to TE Connectivity board of directors, TE Connectivity ranks among Ethisphere's 2020 World's Most Ethical Companies, TE Connectivity named a 'Top 100 Global Innovator' for ninth consecutive year, TE Connectivity announces pricing of €550 million 0.000% senior notes offering, TE Connectivity announces fiscal 2020 second quarter dividend record and payment dates, TE Connectivity to present at Goldman Sachs Technology and Internet Conference, TE Connectivity announces first quarter results for fiscal year 2020, TE Connectivity earns fourth annual recognition as Best Place to Work for LGBTQ Equality, TE Connectivity named among 'World's Most Admired Companies' by FORTUNE, TE Connectivity to report first quarter financial results on January 29, 2020, TE Connectivity to Hold Annual General Meeting of Shareholders on March 11, 2020. ET on Oct. 28, 2020. HARRISBURG, Pa., Oct. 28, 2020 /PRNewswire/ -- TE Connectivity (TE), a world leader in innovative connectivity solutions for high-speed computing and … "I am proud of our employees for delivering fourth quarter results well above our expectations, exiting the year with sequential sales growth in all segments. ET. We utilize these adjusted measures in combination with operating income (loss) and operating margin to assess segment level operating performance and to provide insight to management in evaluating segment operating plan execution and market conditions. We present non-GAAP performance and liquidity measures as we believe it is appropriate for investors to consider adjusted financial measures in addition to results in accordance with accounting principles generally accepted in the U.S. ("GAAP"). We believe Free Cash Flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. About TE TE Connectivity is a $13 billion global industrial technology leader creating a safer, sustainable, productive, and connected future. The company will hold a conference call for investors at 8:30 a.m. Private Securities Litigation Reform Act of 1995. This measure is a significant component in our incentive compensation plans. Common shares, CHF 0.57 par value, 338,953,381 shares authorized and issued, and, Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating, http://www.prnewswire.com/news-releases/te-connectivity-announces-fourth-quarter-and-full-year-results-for-fiscal-year-2020-301161060.html. In addition, the extent to which COVID-19 will impact our business and our financial results will depend on future developments, which are highly uncertain and cannot be predicted. While the markets remain uncertain, we do expect our first quarter of 2021 to be back to pre-COVID revenue levels and we expect an increase in profitability with year-over-year adjusted margin and EPS growth.". Such developments may include the geographic spread of the virus, the severity of the virus, the duration of the outbreak, the impact on our suppliers' and customers' supply chains, the actions that may be taken by various governmental authorities in response to the outbreak in jurisdictions in which we operate, and the possible impact on the global economy and local economies in which we operate. View the latest TE Connectivity Ltd. (TEL) stock price, news, historical charts, analyst ratings and financial information from WSJ.

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