te connectivity ltd (TEL) Key Developments
TE Connectivity Ltd. Recommends Dividend
Jan 28 15
TE Connectivity Ltd. board has recommended an increase in the dividend to $1.32 per share. This is the fifth consecutive year of double-digit increase in the dividend. Shareholders will vote on this proposal in March 2015, and it should go into effect in June, 2015.
CommScope Holding Company, Inc., CommScope Inc., TE Connectivity Ltd. - M&A Call
Jan 28 15
To discuss the acquisition of TE Connectivity Ltd.'s Enterprise and Wireless businesses, including its managed connectivity business
TE Connectivity Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 26, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of 2015
Jan 28 15
TE Connectivity Ltd. announced unaudited consolidated earnings results for the first quarter ended December 26, 2014. For the quarter, the company reported net sales of $3,466 million compared to $3,326 million a year ago. Operating income was $477 million compared to $479 million a year ago. Income from continuing operations before income taxes was $377 million compared to $482 million a year ago. Income from continuing operations was $472 million or $1.14 per diluted share compared to $355 million or $0.85 per diluted share a year ago. Net income attributable to TE Connectivity Ltd. was $472 million or $1.14 per diluted share compared to $353 million or $0.85 per diluted share a year ago. Net cash provided by operating activities was $295 million compared to $385 million a year ago. Capital expenditures were $142 million compared to $133 million a year ago. Free cash flow was $162 million compared to $266 million a year ago. Adjusted EPS were $0.98, compared to $0.82 in the prior year. GAAP EPS were $1.14, compared to $0.85 in the prior year. Adjusted operating income was $555 million compared to $486 million a year ago. Adjusted income from continuing operations attributable to the company was $406 million compared to $343 million a year ago. Adjusted EPS was $0.98.
For the fiscal second quarter 2015, the company expects net sales of $3.55 billion to $3.65 billion and adjusted EPS of $0.98 to $1.02. GAAP EPS are expected to be $0.89 to $0.93, including acquisition related charges of $0.05, and restructuring and other charges of $0.04.
For the full year 2015, the company expects net sales of $14.45 to $14.85 billion and adjusted EPS of $4.05 to $4.35. GAAP EPS are expected to be $4.04 to $4.34, including acquisition related charges of $0.22, restructuring and other charges of $0.10, and income from tax related items of $0.31. The outlook includes foreign exchange headwinds, reducing sales by $900 million and adjusted EPS by $0.35.
TE Connectivity Ltd. to Propose Amendments to the Articles of Association
Jan 14 15
TE Connectivity Ltd. will propose amendments to the articles of association at the annual general meeting of shareholders to be held on March 3, 2015.
TE Connectivity Ltd. to Report Q1, 2015 Results on Jan 28, 2015
Jan 12 15
TE Connectivity Ltd. announced that they will report Q1, 2015 results at 8:15 AM, US Eastern Standard Time on Jan 28, 2015