Summary
TE Connectivity plc (TEL) filed an 8-K on December 13, 2017, primarily to furnish a presentation for its investor meeting held on the same day. The presentation's core purpose was to discuss business strategies and reaffirm previously issued sales and adjusted earnings per share (EPS) outlook for both the first quarter ending December 29, 2017, and the full fiscal year 2018. This reaffirmation suggests management's confidence in achieving stated financial targets and the stability of their business outlook at that time. The filing also serves to inform investors about the availability of the presentation and a live webcast of the investor meeting. It includes cautionary language regarding forward-looking statements, outlining potential risks and uncertainties that could impact future results, such as economic conditions, competition, currency fluctuations, and regulatory changes. The report also provides a definition and rationale for the use of 'Adjusted Earnings Per Share' as a non-GAAP financial measure, emphasizing its role in internal performance evaluation and investor understanding.
Key Highlights
- 1TE Connectivity (TEL) is holding an investor meeting on December 13, 2017, to discuss business strategies.
- 2The company is reaffirming its previously announced sales and adjusted EPS outlook for Q1 FY18 and full-year FY18.
- 3A presentation detailing business strategies and financial outlook is being furnished as an exhibit (Exhibit 99.1).
- 4Investors can access a live webcast of the investor meeting via the company's investor relations website.
- 5The filing includes standard cautionary language regarding forward-looking statements and associated risks.
- 6The company reiterates the definition and importance of Adjusted Earnings Per Share (non-GAAP) for evaluating operational performance and trends.