In this article
Summary
- TE Connectivity reported Q1 sales of $3.84 billion, with record margins of 19.4% and EPS of $1.95, exceeding expectations.
- Growth driven by advancements in AI, transportation electrification, and strong industrial performance in Asia.
- Company anticipates a sales decline due to $100M+ in currency impacts but remains focused on innovation and efficiency.
TE Connectivity delivered a strong performance in its first quarter despite challenges in the global economy, reporting sales of $3.84 billion. The company achieved record adjusted operating margins of 19.4% and adjusted earnings per share of $1.95, both exceeding guidance. Orders came in at $4 billion, surpassing expectations, though TE expects a year-over-year decline in overall sales due to unfavorable currency exchange effects exceeding $100 million.
Key growth drivers include advancements in AI applications, transportation electrification, and robust performance in industrial solutions, particularly in Asia. These areas are expected to fuel growth as the year progresses.
TE Connectivity remains focused on innovation, operational efficiency, and strong cash generation to navigate economic uncertainties. The company is also preparing strategies to mitigate potential impacts from future tariffs, positioning itself for sustained success in a dynamic global environment.
