TE Connectivity Ltd. announced the $0.25 per share quarterly dividend for the third fiscal quarter of 2013 will be payable on June 14, 2013 to shareholders of record at the close of business on May 31, 2013. The dividend was approved by shareholders at the company's annual general meeting held on March 6, 2013. The dividend represents a 19% increase in the company's quarterly dividend from the prior period.

TE Connectivity Ltd. announced the expansion of its manufacturing facility in Fairview, N.C. with a $1.68 million investment in facilities and equipment. TE's facility investment brings 40 new positions in engineering, production and operations to the county. The company currently employs around 200 people in its Fairview plant, which produces a variety of relays and electronic switches.

TE Connectivity Ltd. reported unaudited consolidated earnings results for the fiscal second quarter and six months ended March 29, 2013. For the quarter, the company reported net sales of $3,265 million compared to prior year sales of $3,249 million. Operating income was $359 million against $385 million a year ago. Income from continuing operations before income taxes was $338 million against $359 million a year ago. Income from continuing operations was $278 million against $268 million a year ago. Net income attributable to the company was $277 million or $0.65 per diluted share against $257 million or $0.60 per diluted share a year ago. Income from continuing operations attributable to the company was $278 million or $0.66 per diluted share against $267 million or $0.62 per diluted share a year ago. Net cash provided by continuing operating activities was $446 million against $481 million a year ago. Net cash provided by operating activities was $445 million against $522 million a year ago. Capital expenditures were $127 million against $140 million a year ago. Free cash flow was $353 million against $372 million a year ago. Non-GAAP operating income was $443 million against $421 million a year ago. Non-GAAP income from continuing operations attributable to the company was $323 million or $0.76 per diluted share against $294 million or $0.68 per diluted share a year ago. For the six months, the company reported net sales of $6,399 million against $6,419 million a year ago. Operating income was $652 million against $746 million a year ago. Income from continuing operations before income taxes was $372 million against $687 million a year ago. Income from continuing operations was $557 million against $508 million a year ago. Net income attributable to the company was $554 million or $1.30 per diluted share against $517 million or $1.20 per diluted share a year ago. Income from continuing operations attributable to the company was $557 million or $1.31 per diluted share against $505 million or $1.17 per diluted share a year ago. Net cash provided by continuing operating activities was $839 million against $676 million a year ago. Net cash provided by operating activities was $837 million against $729 million a year ago. Capital expenditures were $253 million against $270 million a year ago. Free cash flow was $657 million against $451 million a year ago. Non-GAAP operating income was $833 million against $804 million a year ago. Non-GAAP income from continuing operations attributable to the company was $601 million or $1.41 per diluted share against $563 million or $1.31 per diluted share a year ago. The company provided earnings guidance for the third quarter of 2013 and revised earnings guidance for the full year 2013. For the third quarter, the company expects net sales of $3.325 billion to $3.425 billion and adjusted EPS of $0.80 to $0.84. GAAP EPS are expected to be $0.65 to $0.69, including restructuring and acquisition-related charges of $0.15. The company expects adjusted EPS to be up approximately 4% compared to the prior year due to improved productivity, cost reduction and the share repurchase program. Revenue is expected to be up sequentially, with growth in all segments. Compared to prior year, revenue will be down about 4% as weaker demand in Networks and Consumer, coupled with the weaker euro and yen more than offset growth in the Transportation segment. For the full year, the company is raising its annual EPS guidance slightly, reflecting the strong second quarter performance. The company now expects adjusted EPS of $3.10 to $3.22 and sales of $13.075 billion to $13.375 billion. GAAP EPS are expected to be $2.80 to $2.92, including restructuring and acquisition-related charges of $0.50 and income from tax-related items of $0.20. Earnings per share were up slightly from the guidance last quarter. The company announced that adjusted EPS outlook is up slightly at the midpoint compared to what the company guided last quarter, primarily due to the strong second quarter of 2013 performance. The company expects approximately $32 million of net interest expense per quarter for the remainder of the year. The adjusted effective tax rate expected to be in the range of 23% to 24% for the remainder of the year. This full year guidance represents a strong improvement sequentially in the second half as adjusted EPS compared the first half will be up in the range of 28% to 20% to 28%. This is driven due to the sales increase of 4% to 9%, improved productivity and reduced share count. And for the year, the company expects to deliver adjusted EPS up 10% compare to the prior year. The company expects to deliver 14% plus operating margin in the second half. For the full year, the company expects free cash flow of about $1.3 billion.