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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)

TE connectivity Q4 adjusted earnings per share $1.27
Wednesday, 2 Nov 2016 05:00am EDT 

Te Connectivity Ltd : Guidance for 2017 implies 5 percent growth in sales, and another year of double-digit improvement in adjusted EPS . TE expects adjusted EPS of $0.98 to $1.02 for q1 2017 . Sees FY GAAP EPS are expected to be $3.84 to $4.14 . Expects FY adjusted EPS of $4.19 to $4.49 . Sees 2017 GAAP EPS to be $3.84 to $4.14, including net restructuring, acquisition-related and other charges of $0.35 . Te Connectivity - For 2017 sees adjusted EPS of $4.19 to $4.49, reflecting 10 percent growth at mid-point compared to 2016, when excluding additional week . Sees Q1 2017 adjusted EPS of $0.98 to $1.02 which represents a 19 percent improvement at mid-point versus Q1 of 2016 . Te Connectivity announces fourth quarter and full year results for fiscal year 2016 . Q4 adjusted earnings per share $1.27 . Q4 GAAP earnings per share $1.22 from continuing operations . Q4 sales $3.3 billion versus i/b/e/s view $3.33 billion . Q4 earnings per share view $1.20 -- Thomson Reuters I/B/E/S . Sees Q1 2017 gaap earnings per share $0.84 to $0.88 . Sees Q1 2017 sales $2.95 billion to $3.05 billion .Sees FY 2017 sales $12.3 billion to $12.9 billion.  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

TE Connectivity Ltd announces pricing of $350 mln senior notes offering
Tuesday, 26 Jan 2016 07:35am EST 

TE Connectivity Ltd:Announces pricing of $350 million senior notes offering.Says unit has priced an offering of $350 million aggregate principal amount of its 3.700% senior notes due 2026.Says unit's $350 million senior notes due 2026 will be issued at a price of 99.757%.  Full Article

TE Connectivity Ltd gives Q2, FY 2016 outlook
Wednesday, 20 Jan 2016 06:07am EST 

TE Connectivity Ltd:Expects Q2 2016 net sales of $2.88 billion to $3.08 billion and adjusted EPS of $0.84 to $0.92.Expects Q2 2016 GAAP EPS to be $0.78 to $0.86, including acquisition related charges of $0.01, and restructuring and other charges of $0.05.Expects FY 2016 net sales of $11.9 billion to $12.7 billion and adjusted EPS of $3.80 to $4.20.Expects FY 2016 GAAP EPS to be $3.66 to $4.06, including acquisition related charges of $0.03, restructuring and other charges of $0.18, and $0.07 of tax-related income.Says outlook includes foreign exchange headwinds, reducing sales by $344 million and adjusted EPS by $0.13 year over year, and the impact of a 53(rd) week.  Full Article

TE Connectivity's Board Approves Recommendation to Raise Annualized Dividend by 12 Percent to $1.48 Per Share
Wednesday, 2 Dec 2015 04:45pm EST 

TE Connectivity Ltd:Says Board of Directors today approved a recommendation to increase the company's quarterly dividend by 12 percent, from $0.33 to $0.37 per share, for four fiscal quarters starting in April 2016, beginning of the third fiscal quarter.recommendation would raise the company's dividend by 12 percent, from the annual rate of $1.32 per share to $1.48 per share, and will be presented for shareholder approval at the company's Annual General Meeting of Shareholders on March 2, 2016.  Full Article

Commscope Holding Company Inc completes transformational acquisition of TE Connectivity's Telecom, Enterprise and Wireless Businesses
Friday, 28 Aug 2015 08:49am EDT 

Commscope Holding Company Inc:Completes previously announced acquisition of TE Connectivity's Telecom, Enterprise and Wireless businesses.Says all-cash transaction, valued at about $3 billion.  Full Article

TE Connectivity Ltd declares dividend
Friday, 14 Aug 2015 07:00am EDT 

TE Connectivity Ltd:Announces that the $0.33 per share quarterly dividend for the fourth fiscal quarter of 2015 will be payable on Sept. 11, to shareholders of record at the close of business on Aug. 28.  Full Article

BRIEF-TE Connectivity unit TE SubCom to co-build Pacific Light Cable Network with Facebook, Google and PLDC

* Unit TE SubCom, along with Facebook, Google, and PLDC, announced that they will co-build Pacific Light Cable Network Source text for Eikon: Further company coverage: