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TE Connectivity Ltd (TEL.N)

TEL.N on New York Stock Exchange

77.92USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

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

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

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BRIEF-TE Connectivity Q2 adjusted EPS $1.19

* Te connectivity reports second quarter 2017 financial results