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TE Connectivity Ltd (TEL.N)

TEL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Voxx International to sell its Hirschmann car communication antenna and tuner business
Monday, 26 Jun 2017 08:00am EDT 

June 26 (Reuters) - Voxx International Corp :Voxx International corporation announces definitive agreement with TE connectivity to sell its Hirschmann car communication antenna and tuner business.Voxx International Corp - under terms of stock purchase agreement, TE connectivity will acquire Hirschmann for an enterprise value of 148.5 million euro.Voxx International Corp - under terms of agreement, Voxx International will phase out Voxxhirschmann name over a period of two years.Voxx International - entered definitive agreement to sell Hirschmann car communication gmbh and its worldwide subsidiaries to a subsidiary of te connectivity.Voxx International Corp - Voxx International (Germany) GMBH is selling entity in this transaction..Voxx International - will continue to operate in automotive industry and retain its ongoing oem business is not part of this transaction through Voxxhirschmann.Voxx International Corp - will also continue its automotive aftermarket business through its proprietary brands and 3(rd)-party distribution agreements.Voxx International Corp - Wells Fargo securities is acting as exclusive financial advisor to voxx international on transaction..  Full Article

TE Connectivity Q2 adjusted EPS $1.19
Wednesday, 26 Apr 2017 06:00am EDT 

April 26 (Reuters) - Te Connectivity Ltd :Te connectivity reports second quarter 2017 financial results.Q2 adjusted earnings per share $1.19.Q2 earnings per share $1.13 from continuing operations.Sees q3 2017 sales $3.2 billion to $3.3 billion.Q2 sales $3.2 billion versus i/b/e/s view $3.09 billion.Q2 earnings per share view $1.07 -- Thomson Reuters I/B/E/S.Sees fy 2017 adjusted earnings per share $4.62.Qtrly net sales were $3.2 billion, up 9 percent overall and 8 percent organically, from q2 of 2016.Sees q3 2017 gaap earnings per share $1.08 to $1.12.Sees fy 2017 gaap earnings per share $4.39 to $4.47.Sees fy 2017 sales $12.6 billion to $12.8 billion.Qtrly orders were $3.4 billion, up 20 percent organically from prior year, with a book-to-bill ratio of 1.04.Te expects adjusted eps of $4.58 to $4.66 for fy 2017.Says company raises full-year guidance for sales and earnings.Q3 earnings per share view $1.12, revenue view $3.18 billion -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $4.43, revenue view $12.51 billion -- Thomson Reuters I/B/E/S.Sees q3 non-gaap adjusted diluted earnings per share from continuing operations $1.14 - $1.18.  Full Article

CSS Industries names John Roselli as CFO
Thursday, 19 Jan 2017 04:17pm EST 

CSS Industries Inc : CSS Industries Inc announces appointment of new chief financial officer . CSS Industries Inc announces appointment of new chief financial officer . CSS Industries Inc - John M. Roselli will join organization as its new chief financial officer .CSS Industries Inc says David McHugh, who has served as interim CFO will return to his prior position as company's vice president - finance.  Full Article

TE Connectivity says CEO's 2016 total compensation was $11.4 mln - SEC filing
Wednesday, 18 Jan 2017 03:58pm EST 

Te Connectivity Ltd :CEO Thomas J. Lynch's 2016 total compensation was $11.4 million versus $12.2 million in 2015 - SEC filing.  Full Article

TE Connectivity unit TE SubCom to co-build Pacific Light Cable Network with Facebook, Google and PLDC
Wednesday, 12 Oct 2016 12:00pm EDT 

TE Connectivity Ltd :Unit TE SubCom, along with Facebook, Google, and PLDC, announced that they will co-build Pacific Light Cable Network.  Full Article

TE Connectivity Terrence Curtin will succeed CEO Tom Lynch
Monday, 3 Oct 2016 12:01am EDT 

TE Connectivity Ltd : Lynch will continue as executive chairman of board after transition . Lynch has served as company's chief executive officer since January 2006, was elected to chairman of board in January 2013 . TE Connectivity president Terrence Curtin will succeed CEO tom lynch, effective march 9, 2017 .Company to report 2016 full-year financial results on November 2, 2016.  Full Article

TE Connectivity posts Q3 adjusted earnings of $1.08/share
Wednesday, 20 Jul 2016 06:00am EDT 

Te Connectivity Ltd: TE Connectivity posts fiscal 2016 third quarter results . Q3 adjusted earnings per share $1.08 . Q3 GAAP earnings per share $2.19 . Q3 GAAP earnings per share $2.19 from continuing operations . Q3 earnings per share view $1.03 -- Thomson Reuters I/B/E/S . Sees Q4 2016 adjusted earnings per share $1.17 to $1.23 . Sees fy2016 GAAP earnings per share $5.13 to $5.19 . Sees Q4 2016 GAAP earnings per share $1.10 to $1.16 . Sees Q4 2016 sales $3.25 billion to $3.45 billion . Sees fy2016 sales up 11 percent . Sees fy2016 sales $12.15 billion to $12.35 billion . Q3 sales $3.12 billion versus i/b/e/s view $3.13 billion . For full year, reiterating adjusted EPS guidance . For Q4, expect adjusted EPS of $1.17 to $1.23 on sales of $3.25 billion to $3.45 billion . Q3 earnings per share view $1.03, revenue view $3.13 billion -- Thomson Reuters I/B/E/S . Fy2016 earnings per share view $3.98, revenue view $12.28 billion -- Thomson Reuters I/B/E/S .TE Connectivity Ltd qtrly total company orders were $2.9 billion, up seven percent sequentially, excluding subcom.  Full Article

TE Connectivity was reimbursed $305 million by Tyco International and Covidien pursuant to their indemnifications for pre-separation tax matters
Tuesday, 31 May 2016 06:19pm EDT 

Te Connectivity Ltd : Company's net cash payment was $140 million during q2 of fiscal 2016, representing company's share of total amount payable to irs . Was reimbursed $305 million by tyco international and covidien pursuant to their indemnifications for pre-separation tax matters .Company paid $2 million to covidien for company's share of deficiencies for which covidien was primary obligor.  Full Article

Medtronic says paid $10 mln in Q4 to IRS related to settlement of tax disputes
Tuesday, 31 May 2016 04:23pm EDT 

Medtronic : Paid $183 million to te connectivity,got $2 million from Tyco,representing estimated share payable to or receivable from tax sharing participants .During Q4 paid $10 million to IRS related to settlement to resolve all federal tax disputes related to previously disclosed intercompany debt issues.  Full Article

TE Connectivity Ltd to acquire Creganna Medical Group
Tuesday, 2 Feb 2016 06:00am EST 

TE Connectivity Ltd:Entered into a definitive agreement to acquire the Creganna Medical group for $895 million in an all cash transaction.Company expects $0.03 accretion to TE's adjusted EPS in the first full fiscal year.Company expects the transaction to boost revenue growth and EBITDA margins.Transaction will be financed through cash and debt.Upon completion of the transaction, the business will be reported as part of TE's Industrial Solutions segment.  Full Article

BRIEF-Voxx International to sell its Hirschmann car communication antenna and tuner business

* Voxx International corporation announces definitive agreement with TE connectivity to sell its Hirschmann car communication antenna and tuner business