
TE Connectivity Reports $3.2B Net Income on Tax Benefits, Sales Dip 1.2%
TE Connectivity plcDescription
What this story covers
TE Connectivity's 2024 10-K shows 15 point 8 billion dollars sales down 1 point 2 percent, organically flat. Gross margin rose to 34 point 4 percent. Net income was 3 point 2 billion dollars, boosted by tax benefits for 10 dollars 33 cents EPS. Segments mixed: Transportation down 2 percent, Industrial minus 1 point 5 percent, Communications plus 3 point 7 percent. Strong cash flow of 3 point 5 billion dollars supports repurchases and dividends. Outlook positive for first quarter 2025 growth. Risks include macro pressures and competition.
Story snapshot
CompanyTE Connectivity plc
TickerTEL
VariantStandard detailed
Duration10:50
Filing type10-K
PeriodAnnual 2024
IndustryIndustrials & Manufacturing
Accession0001558370-24-015227
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