TE Connectivity is a global technology company specializing in connectivity and sensor solutions
The company designs and manufactures a wide range of electronic components and systems that facilitate the transfer of data and power in various applications, including transportation, industrial, medical, and consumer electronics. By focusing on innovation and engineering excellence, TE Connectivity aims to enhance the reliability and performance of its products, thereby supporting the advancement of smart and connected systems across multiple industries. Additionally, the company emphasizes sustainability and efficiency in its operations, contributing to a more connected and environmentally responsible future.
TE Connectivity to acquire Richards Manufacturing for $2.3 billion to expand in energy market, generating mid-teens returns and enhancing sales growth.
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TE Connectivity reported Q2 2024 net sales of $3.97B, down 5% Y/Y but beating consensus. EPS of $1.86 also beat consensus. Orders were $4B, up 6% Q/Q. Company expects Q3 net sales of $4.0B and EPS of $1.85. Stock gained 12% in last year. Exposure through SHOC and MOTO ETFs. TEL trading lower at $142.00 premarket.
