TE ConnectivityNYSE: TEL

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TE Connectivity's performance in the fourth quarter of the fiscal year improved due to significant growth in profit margins and strong results in different market sectors.

While the revenue and earnings per share (EPS) for TE Connectivity (TEL) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

The board of directors has approved a $2.5 billion increase in the share repurchase program. TE Connectivity plc, based in Galway, Ireland, announced its financial results for the fourth quarter and the entire fiscal year that ended on September 27, 2024. In the fourth quarter, net sales reached $4.1 billion, which is 1% higher than the previous year and 2% higher when adjusted for organic growth.

TEL's earnings results for the fourth quarter of 2024 are expected to show positive outcomes due to the success of its Transportation and Communications sectors.

TE Connectivity (TEL) has a strong track record of surprising with its earnings and currently has the right factors in place that suggest it may exceed expectations in its upcoming quarterly report.

TE Connectivity (TEL) is a reliable, investment-grade company with a solid financial position, strong profits, and good cash flow, making it a recommended buy. Although its revenue growth is modest, TEL's earnings per share have increased by 12% thanks to better margins, improved efficiency, and active share repurchases. TEL's emphasis on AI and electrification, especially in the communications and industrial sectors, sets it up for future growth, even with the current slowdown in the automotive market.

PHOENIX--(BUSINESS WIRE)--Spirit Electronics has announced that it will distribute TE Connectivity's sensor products. These sensors are designed for high performance and dependability, providing adaptable and strong solutions for Spirit's aerospace and defense clients. According to Spirit CEO Marti McCurdy, "Sensors are essential for military and space applications, and TE Connectivity has a proven track record in delivering reliable sensing solutions."

GALWAY, Ireland, Oct. 9, 2024 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL) is set to announce its financial results for the fourth quarter and the entire fiscal year of 2024 before the market opens on October 30, 2024. The company will also host a conference call for investors at 8:30 a.m.