Last $60.89 USD
Change Today +1.58 / 2.66%
Volume 1.6M
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As of 1:09 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

te connectivity ltd (TEL) Key Developments

TE Connectivity Ltd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended September 26, 2014; Provides Earnings Guidance for the Fiscal First Quarter and Full Year of 2015

TE Connectivity Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended September 26, 2014. For the quarter, the company announced net sales of $3,575 million compared to $3,432 million for the same period a year ago. Operating income was $521 million compared to $465 million for the same period a year ago. Income from continuing operations before income taxes was $496 million compared to $451 million for the same period a year ago. Income from continuing operations was $665 million or $1.60 per diluted share compared to $388 million or $0.92 per diluted share for the same period a year ago. Net income was $663 million compared to $388 million for the same period a year ago. Net income attributable to the company was $663 million or $1.59 per diluted share compared to $387 million or $0.92 per diluted share for the same period a year ago. Net cash provided by operating activities was $749 million compared to $593 million for the same period a year ago. Capital expenditures were $197 million compared to $203 million for the same period a year ago. Free cash flow was $661 million compared to $412 million for the same period a year ago. Adjusted total operating income was $571 million, adjusted income from continuing operations attributable to the company was $424 million or $1.02 per diluted share compared to adjusted total operating income of $539 million, adjusted income from continuing operations attributable to the company of $392 million or $0.93 per diluted share for the same period a year ago. For the full year, the company announced net sales of $13,912 million compared to $13,280 million for the same period a year ago. Operating income was $2,045 million compared to $1,556 million for the same period a year ago. Income from continuing operations before income taxes was $1,996 million compared to $1,248 million for the same period a year ago. Income from continuing operations was $1,277 million or $4.29 per diluted share compared to $1,789 million or $3.02 per diluted share for the same period a year ago. Net income was $1,781 million compared to $1,277 million for the same period a year ago. Net income attributable to the company was $1,781 million or $4.27 per diluted share compared to $1,276 million or $3.02 per diluted share for the same period a year ago. Net cash provided by operating activities was $2,083 million compared to $2,046 million for the same period a year ago. Capital expenditures were $673 million compared to $615 million for the same period a year ago. Free cash flow was $1,730 million compared to $1,500 million for the same period a year ago. Adjusted total operating income was $2,139 million, adjusted income from continuing operations attributable to the company was $1,582 million or $3.79 per diluted share compared to adjusted total operating income of $1,881 million, adjusted income from continuing operations attributable to the company of $1,365 million or $3.23 per diluted share for the same period a year ago. The company provided earnings guidance for the first quarter and full year of fiscal 2015. For the quarter, the company expects net sales of $3.46 billion to $3.56 billion and adjusted EPS of $0.88 to $0.92. GAAP EPS are expected to be $0.95 to $0.99, including acquisition related charges of $0.14, and restructuring and other charges of $0.05, and income from tax related items of $0.26. For the full year, the company expects net sales of $14.7 to $15.3 billion and adjusted EPS of $4.05 to $4.35. GAAP EPS are expected to be $3.99 to $4.29, including acquisition related charges of $0.23, restructuring and other charges of $0.09, and income from tax related items of $0.26.

TE Connectivity Ltd. to Report Q4, 2014 Results on Oct 29, 2014

TE Connectivity Ltd. announced that they will report Q4, 2014 results at 9:00 AM, W. Europe Standard Time on Oct 29, 2014

TE Connectivity Ltd., Q4 2014 Earnings Call, Oct 29, 2014

TE Connectivity Ltd., Q4 2014 Earnings Call, Oct 29, 2014

TE Connectivity to Introduce its Latest Addition to the Rapid Fiber Multi-Dwelling Unit (MDU) Portfolio

TE Connectivity to introduce its latest addition to the Rapid Fiber multi-dwelling unit (MDU) portfolio, the Rapid Fiber faceplate, at the SCTE Cable-Tec Expo, held September 23-25 at the Denver Convention Center, in Denver, Colorado. The Rapid Fiber faceplate provides a full plug-and-play method for installing fiber inside the living unit, which significantly reduces customers' installation time, costs associated with site survey inspections, and ordering requirements for custom cable lengths. Utilizing TE's RapidReel fiber cable spool, the Rapid Fiber faceplate can store up to 30 meters of 1.2mm microcable inside its low-profile wall outlet. The cable terminates to a low-loss SC connector with a pulling eye solution, which allows the installer to pull the cable through a hallway conduit for a fast, plug-and-play connection to the fiber distribution terminal. TE's Rapid Fiber MDU portfolio incorporates innovative technologies such as the RapidReel fiber cable spool, low loss MPO connector, and small form factor microcable to simplify and speed fiber installation requirements while ensuring optimal network performance. A typical Rapid Fiber MDU architecture consists of an indoor fiber distributing hub (FDH) on the lower level, a Rapid Fiber distribution terminal (or mini Rapid Fiber distribution terminal) on each floor of the building, and the Rapid Fiber faceplate inside the living unit. For installing single optical fiber within the living units to the customer equipment, installers can leverage TE's thermal adhesive coated (TAC) fiber system. The TAC fiber system uses a unique handheld fiber tool and 900 micron microcable with integrated adhesive to quickly and easily install fiber around baseboards, windows and trim work.

TE Connectivity Showcases Advanced Mobile Network Solutions at CTIA 2014

TE Connectivity (TE) announced that it will be showcasing a range of advanced mobile network solutions at CTIA's Super Mobility Week, to be held September 9-11 at the Sands Convention Center in Las Vegas, Nevada. At booth #3438, TE will be exhibiting these innovations that facilitate mobile network installation and reduce the time and cost of deployments: FlexWave active integration panel (AIP) -- an integrated base transceiver station (BTS) interface solution that takes the guesswork and expense out of system commissioning and maintenance. FlexWave AIP provides a simple, compact interface that enables BTS signal splitting and combining, automatic power leveling, and remote and local monitoring without passive intermediation (PIM) issues. CPRI digital interface unit (CDIU) -- a pre-integrated solution that leverages the Common Public Radio Interface (CPRI) for base station connectivity. It removes the need for RF processing and attenuation panels at the distributed antenna system (DAS) head-end, which can reduce the physical equipment required by more than 50% and reduce cost of materials by up to 40%. Powered fiber cable -- a new hybrid fiber cable design that integrates power with fiber connectivity. This cable enables installers to deploy DAS antennas where they need to be in order to deliver the best network capacity and coverage, without having to worry about the presence or expense of local power at the antenna site.

 

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TEL

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Price/Cash Flow 13.6x
TEV/Sales 1.3x
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