TEL 10-K Annual Reports

TE Connectivity plc (TEL) reported solid financial performance for the fiscal year ended September 25, 2025, demonstrating resilience and growth in a dynamic economic environment. The company achieved an 8.9% increase in net sales, reaching $17.3 billion, driven by a robust 23.7% surge in the Industrial Solutions segment, which benefited from strategic acquisitions and strong demand in areas like AI and cloud applications. While the Transportation Solutions segment saw a slight 1.0% dip in net sales, the overall organic net sales growth of 6.4% indicates underlying business strength. Key strategic moves included the significant acquisition of Richards Manufacturing for $2.3 billion, which is expected to bolster the Industrial Solutions segment, and a domicile change from Switzerland to Ireland in fiscal 2024, with no anticipated material impact on operations. The company also continued its capital return strategy, with $1.4 billion in share repurchases and consistent dividend payments, underscoring a commitment to shareholder value.

TE Connectivity plc (TEL) has filed its 10-K for the fiscal year ended September 27, 2024. The company, a global industrial technology leader, reported a slight decrease in net sales of 1.2% to $15.845 billion compared to the prior year. This was primarily driven by sales declines in the Transportation Solutions and Industrial Solutions segments, partially offset by growth in Communications Solutions. On an organic basis, net sales remained flat, indicating resilience despite macroeconomic headwinds and foreign currency translation impacts. The company successfully managed its gross margin, which improved due to better manufacturing productivity and pricing actions, despite increased raw material costs. Operating income saw a significant increase of $492 million, largely due to improved gross margins and lower restructuring charges. TE Connectivity also completed a significant strategic move by changing its jurisdiction of incorporation from Switzerland to Ireland, effective September 30, 2024, which is not expected to materially impact operations or financial results. Looking ahead, TE Connectivity anticipates net sales of approximately $3.9 billion for the first quarter of fiscal 2025, with diluted earnings per share projected at $1.64. The company continues to focus on strategic initiatives, including reinvestment in operations, share repurchases, and dividends, underscoring a commitment to shareholder value and long-term growth.

TE Connectivity Ltd. (TEL) reported its fiscal year 2023 results, demonstrating resilience amidst a dynamic economic landscape. While net sales saw a slight decrease of 1.5% to $16.03 billion, primarily due to challenges in the Communications Solutions segment, the company achieved a 1.0% organic sales increase, highlighting underlying business strength. The Transportation Solutions segment remains the primary growth engine, with net sales up 4.0% to $9.59 billion, driven by robust performance in the automotive sector. The Industrial Solutions segment also showed modest growth of 1.4% to $4.55 billion, supported by aerospace, defense, energy, and medical markets. Despite some cost pressures, the company maintained a solid operational performance and generated $3.13 billion in cash from operating activities. TE Connectivity is actively managing its portfolio through strategic acquisitions and divestitures, including a pending tender offer for Schaffner Holding AG, and continues to return value to shareholders through dividends and share repurchases. The company's outlook for fiscal 2024 indicates a stable sales performance, with continued focus on strategic growth areas and operational efficiency.

TE Connectivity Ltd. (TEL) reported strong performance for the fiscal year ended September 29, 2022, with net sales increasing 9.1% to $16.3 billion. This growth was primarily driven by organic net sales increases of 12.1%, reflecting strong demand across its key segments, particularly Communications Solutions and Industrial Solutions. The company highlighted its resilient business model, diversified customer base, and ability to navigate macroeconomic challenges, including inflationary pressures and supply chain disruptions, through strategic pricing actions and cost management. While foreign currency translation had a negative impact of $723 million on net sales, the company demonstrated effective operational execution, leading to a 16.9% operating margin. TE Connectivity continues to invest in innovation and strategic acquisitions to support its long-term growth objectives, with a focus on trends like transportation electrification, industrial automation, and data connectivity. The company's commitment to sustainability and robust human capital management further underscore its strategic positioning for future value creation.

TE Connectivity plc (TEL) reported strong financial performance for the fiscal year ended September 23, 2021, demonstrating significant recovery and growth following the impacts of the COVID-19 pandemic. Net sales increased by 22.6% to $14.92 billion, driven by robust organic growth of 18.2% and a positive foreign currency translation impact. The company's three core segments—Transportation Solutions, Industrial Solutions, and Communications Solutions—all experienced sales growth, with Transportation Solutions showing particular strength, increasing by 31.1%. This performance reflects successful navigation of supply chain challenges and growing demand across key end markets, including automotive, industrial equipment, and data/devices. The company also highlighted its focus on operational efficiency and cost management, which contributed to a substantial increase in gross margin to 32.7% and operating income to $2.43 billion. TE Connectivity continues to invest in its business, evidenced by capital expenditures and strategic acquisitions, while also returning capital to shareholders through dividends and share repurchases. The company's outlook for fiscal 2022 indicates continued sales growth, albeit with some expected moderation in the automotive sector due to production declines, balanced by strength in industrial and communications markets.

TE Connectivity Ltd. (TEL) filed its 2020 10-K report on November 10, 2020, detailing its performance for the fiscal year ending September 24, 2020. The company, a global industrial technology leader, experienced a notable revenue decline of 9.5% to $12.17 billion compared to the prior year. This downturn was primarily attributed to the adverse impacts of the COVID-19 pandemic across its key segments, particularly Transportation Solutions and Industrial Solutions. Despite the challenges, the company maintained a strong balance sheet and generated $1.99 billion in net cash from operating activities. Management focused on cost control measures and operational adjustments in response to the economic environment. The report highlights TE Connectivity's diversified business across three segments: Transportation Solutions (56% of net sales), Industrial Solutions (31%), and Communications Solutions (13%). The automotive end market within Transportation Solutions, representing a significant portion of sales, was particularly impacted. The company also noted a $900 million goodwill impairment charge in the Sensors reporting unit within its Transportation Solutions segment due to current and projected declines in sales and profitability. Looking ahead, TE Connectivity provided an outlook for the first quarter of fiscal 2021, expecting a slight increase in net sales, signaling cautious optimism for a gradual recovery.

TE Connectivity Ltd. (TEL) reported for the fiscal year ending September 26, 2019, a year that saw a slight decrease in net sales compared to the prior year, primarily driven by challenges in the Communications Solutions and Transportation Solutions segments. Despite these headwinds, the company maintained a strong market position across its three core segments: Transportation, Industrial, and Communications Solutions. The company's diversified customer base and global operational footprint provided resilience, though foreign currency fluctuations presented a notable headwind. Investments in acquisitions, particularly within the Transportation Solutions segment, and a focus on operational efficiency through restructuring initiatives were key strategic elements during the year. TEL continues to emphasize its role as a global industrial technology leader, providing essential connectivity and sensor solutions for a wide range of growing end markets.

TE Connectivity Ltd. (TEL) reported strong performance in its fiscal year 2018, concluding on September 27, 2018. The company experienced a significant increase in net sales, up 14.8% year-over-year to $13.99 billion, driven by broad-based growth across all three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. Organic net sales, excluding currency fluctuations and acquisitions/divestitures, grew by a healthy 9.2%, indicating robust underlying business performance. The Transportation Solutions segment remains the largest contributor, with a 17.8% increase in net sales, largely fueled by the automotive market and content gains from acquisitions. The Industrial Solutions segment saw a 10.0% increase, supported by strong performance in industrial equipment and contributions from aerospace, defense, and energy markets. The Communications Solutions segment also posted solid growth of 12.4%, driven by demand in data and devices and appliances. The company also highlighted its commitment to shareholder returns, with increased dividend payments and an active share repurchase program. Looking ahead, TE Connectivity provided an outlook for fiscal year 2019 anticipating moderate growth, though acknowledging potential headwinds from foreign currency exchange rates and moderating automotive production. Overall, the 2018 report demonstrates a company with diversified revenue streams, a strong market position, and a focus on profitable growth.

TE Connectivity Ltd. (TEL) reported strong performance in its fiscal year 2017, with net sales increasing by 7.1% to $13.11 billion. This growth was driven by robust demand in the Transportation Solutions segment, which saw an 8.2% increase in net sales, and a significant 9.1% rise in the Industrial Solutions segment, bolstered by strategic acquisitions. The Communications Solutions segment also experienced growth, albeit at a slower pace of 1.9%. The company demonstrated solid operational execution, with gross margin improving to 33.9% and operating income rising to $2.05 billion. TE Connectivity returned substantial value to shareholders through dividends and share repurchases, underscoring a focus on financial discipline and shareholder returns. The company's outlook for fiscal 2018 remained positive, with expectations for continued sales growth across its key segments, driven by ongoing trends in automotive content per vehicle, industrial automation, and smart devices.

TE Connectivity Ltd. (TEL) demonstrated resilience in its fiscal year 2016, reporting flat net sales of $12.238 billion compared to the prior year, with organic sales growth of 1.5% signaling underlying business strength. The company's performance was driven by a balanced contribution across its segments, with Transportation Solutions and Industrial Solutions showing sales increases, partially offset by a decline in Communications Solutions. The fiscal year benefited from an extra week, adding $238 million to net sales. Notable events during the year included the acquisition of Creganna Medical and the divestiture of the Circuit Protection Devices (CPD) business, reflecting strategic portfolio management. The company also continued its commitment to shareholder returns through dividend payments and share repurchases, underscoring a focus on balancing growth initiatives with capital discipline.

TE Connectivity Ltd. (TEL) for the fiscal year ended September 25, 2015, reported net sales of $12.23 billion, a 2.2% increase year-over-year, driven by growth in its Transportation Solutions and Communications Solutions segments. The company's strategic focus remains on designing and manufacturing connectivity and sensor solutions, operating across three core segments: Transportation, Industrial, and Communications. Significant events during the fiscal year included the acquisition of Measurement Specialties, Inc. for approximately $1.7 billion, and the divestiture of its Broadband Network Solutions (BNS) business for $3.0 billion, resulting in a substantial gain. The company demonstrated strong free cash flow generation and continued its share repurchase program, reflecting a commitment to returning value to shareholders. Despite overall sales growth, the company experienced negative impacts from foreign currency translation. The Transportation Solutions segment, representing 52% of net sales, saw organic growth of 4.1%, largely driven by the automotive sector. The Industrial Solutions segment experienced a slight organic sales decline, while the Communications Solutions segment showed robust organic growth of 8.4%, primarily due to its subsea communications business. Looking ahead, management provided guidance for fiscal 2016, anticipating continued market weakness in certain areas, particularly China, and ongoing inventory adjustments in the supply chain.

TE Connectivity Ltd. reported strong performance for the fiscal year ended September 26, 2014, with net sales increasing by 4.8% to $13.9 billion, driven primarily by growth in its Transportation Solutions segment. The company highlighted its competitive strengths, including a diverse product portfolio, strong customer relationships, and a global presence. Management expressed optimism for fiscal year 2015, forecasting net sales between $14.7 billion and $15.3 billion, supported by anticipated growth in automotive production and contributions from acquisitions. The company's financial health remains robust, with significant cash flow generation and a manageable debt level, although it continues to navigate economic uncertainties and foreign currency fluctuations. Key investments in research and development and strategic acquisitions underscore its commitment to innovation and market expansion.

TE Connectivity Ltd. (TEL) reported fiscal year 2013 results marked by stable net sales of $13.28 billion, consistent with the prior year. The company experienced organic sales growth in its Transportation Solutions segment, driven by the automotive market, but this was offset by declines in its Network Solutions, Industrial Solutions, and Consumer Solutions segments. TE Connectivity continues to focus on operational efficiency, including restructuring initiatives aimed at simplifying its manufacturing footprint and migrating operations to lower-cost countries, incurring $311 million in net restructuring and other charges in fiscal 2013. The company's financial position remained solid, with net income attributable to TE Connectivity Ltd. of $1.28 billion. Despite pressures from price erosion and fluctuations in raw material costs, TE Connectivity emphasized its competitive strengths, including a diverse product portfolio, strong customer relationships, and a global presence. The company also highlighted its commitment to returning capital to shareholders through dividends and share repurchases, with $384 million distributed in dividends and $829 million spent on share repurchases in fiscal 2013.

TE Connectivity Ltd. (TEL) reported its fiscal year 2012 results on November 13, 2012. The company, a global leader in connectivity and sensor solutions, experienced a slight decrease in net sales, down 3.6% to $13.3 billion, primarily due to softness in the Communications and Industrial Solutions segment and unfavorable currency movements. However, the acquisition of Deutsch Group SAS in April 2012 provided a significant boost to the Transportation Solutions segment, particularly in the automotive and aerospace markets. Despite the top-line dip, TE Connectivity maintained a robust gross margin and focused on operational efficiency and cost management. The company continued to invest in research and development, aiming to strengthen its innovation leadership and extend its reach in emerging markets. Management expressed confidence in the company's strategic priorities and its ability to navigate the challenging economic environment, anticipating modest sales growth in fiscal year 2013.

TE Connectivity Ltd. (TEL) demonstrated robust growth in fiscal year 2011, with net sales increasing by 18.6% to $14.3 billion. This growth was driven by strong performance across its segments, particularly in Transportation Solutions, and bolstered by the acquisition of ADC Telecommunications, Inc. The company also benefited from an additional week in its fiscal calendar and favorable foreign currency movements. Despite increased raw material costs and a slight decline in gross margin percentage, operating income saw a healthy increase. The company continues to focus on strategic priorities including customer service, innovation, and expansion in emerging markets, while also managing costs through ongoing restructuring and simplification initiatives. The acquisition of ADC is expected to accelerate growth in the broadband connectivity market and contribute to future cost savings. TE Connectivity maintained a strong liquidity position, with significant cash generated from operations. The company also actively managed its capital structure through share repurchases and debt management. Looking ahead, TEL provided guidance for fiscal year 2012 anticipating continued net sales growth and improved earnings per share, assuming stable foreign exchange and commodity rates. Key risks highlighted include global economic conditions, industry cyclicality, competition, and raw material price volatility.

TE Connectivity plc (TEL) reported strong revenue growth in fiscal year 2010, a significant rebound from the economic downturn of fiscal year 2009. The company's net sales increased by 17.7% to $12.07 billion, driven by a robust recovery in its Electronic Components segment, which saw a 35.4% increase in net sales. This growth reflects improved demand across key end markets, particularly automotive, which accounted for 51% of the Electronic Components segment's sales. Operationally, the company demonstrated improved profitability with a return to operating income in fiscal year 2010 ($1.52 billion) after a substantial operating loss in fiscal year 2009, largely due to a significant goodwill impairment. The company is also strategically expanding its global reach, focusing on emerging markets, and investing in innovation, with 26% of fiscal year 2010 sales coming from new products introduced in the prior three years. Furthermore, TE Connectivity announced a significant acquisition of ADC Telecommunications, Inc. for approximately $1.25 billion, indicating a commitment to inorganic growth and market consolidation.

TE Connectivity plc (formerly Tyco Electronics Ltd.) filed its 2009 10-K report, detailing a challenging fiscal year marked by a significant revenue decline and substantial goodwill impairment charges, primarily driven by the global economic downturn. The company experienced a 28.6% decrease in net sales to $10.3 billion, largely due to weakness across its key segments, particularly Electronic Components, which saw a 35.7% decline. This economic pressure led to a substantial goodwill impairment charge of $3.5 billion recognized in the second quarter of fiscal 2009, primarily impacting the Automotive and Communications and Industrial Solutions reporting units. The company also undertook significant restructuring and cost-reduction initiatives, including workforce reductions and manufacturing footprint simplification. Despite the headwinds, TE Connectivity maintained its focus on strategic priorities, including new product development and market share expansion in attractive industries. The company also completed the divestiture of its Wireless Systems business, a move intended to further streamline its portfolio. The report highlights the company's reliance on the automotive and telecommunications sectors, both of which were significantly impacted by the economic climate.

TE Connectivity Ltd. (TEL) reported robust financial performance for the fiscal year ended September 26, 2008, despite a challenging global economic environment. The company demonstrated strong revenue growth, driven by its Electronic Components and Network Solutions segments, with significant contributions from international markets, particularly Asia-Pacific and Europe. While gross income increased, operating margins saw some pressure due to increased raw material costs and a less favorable segment mix, with the high-growth Undersea Telecommunications segment having a lower margin than the company average. The company also incurred substantial charges related to restructuring and legacy litigation, impacting reported net income. However, the business remains well-positioned due to its broad product portfolio, strong customer relationships, and commitment to innovation, with substantial investments in research and development to drive future growth.

TE Connectivity plc (formerly Tyco Electronics Ltd.) reported its fiscal year 2008 results, highlighting strong organic sales growth across most segments despite a challenging global economic environment. The company demonstrated resilience with a 7.9% organic net sales increase, driven by robust performance in its Undersea Telecommunications and Wireless Systems segments, and a solid 2.4% organic growth in Electronic Components. The company's diversified product portfolio and customer base across various end markets, including automotive, telecommunications, and industrial sectors, helped mitigate some of the economic headwinds. Despite the overall positive operational trends, the company faced significant headwinds from increased restructuring charges related to manufacturing footprint simplification, impairment charges in its Electronic Components segment, and ongoing legacy litigation settlements inherited from its separation from Tyco International. The company ended the fiscal year with a solid balance sheet and a strong cash flow from operations, underscoring its financial stability. Looking ahead, management expressed anticipation of a near-term slowdown, particularly in consumer-related end markets and automotive, but remained optimistic about long-term growth driven by innovation and strategic market penetration.

Tyco Electronics Ltd. (now TE Connectivity Ltd.) is a global provider of engineered electronic components, network solutions, wireless systems, and undersea telecommunication systems. The company completed its separation from Tyco International Ltd. on June 29, 2007, becoming an independent, publicly traded entity. For fiscal year 2007, the company reported net sales of $13.46 billion. The Electronic Components segment was the largest contributor, accounting for 75% of net sales, serving diverse markets including automotive, telecommunications, and computer. The company faced challenges including raw material price increases and industry-wide price erosion, which impacted gross margins. Significant events in 2007 included substantial class action settlement costs and separation expenses, leading to a net loss for the year. Despite these challenges, the company highlighted its competitive strengths such as global leadership in passive components, strong customer relationships, and process/product technology leadership.