TE Connectivity Beats Q2 Earnings Estimates, Sees Growth in Orders Across All Segments
TE Connectivity Beats Q2 Earnings Estimates, Sees Growth in Orders Across All Segments
TE Connectivity Ltd (NYSE:TEL) reported a fiscal second-quarter 2024 net sales of $3.97 billion, down by 5% year-on-year, beating the consensus of $3.96 billion.
TE Connectivity Ltd（紐約證券交易所代碼：TEL）報告稱，2024財年第二季度淨銷售額爲39.7億美元，同比下降5％，超過市場預期的39.6億美元。
- The net sales declined by 3% organically.
- Net sales grew by 4% Q/Q and 3% organically Q/Q.
- The adjusted EPS of $1.86 beat the consensus of $1.83.
- Orders were $4 billion, up 6% Q/Q, with sequential growth in all segments.
- Revenue from Transportation Solutions declined by 4% Y/Y to $2.38 billion, Industrial Solutions decreased by 4% Y/Y to $1.14 billion, and Communications Solutions declined by 9.5% Y/Y to $440 million.
- 淨銷售額有機下降了3％。
- 淨銷售額季度增長了4％，季度有機增長了3％。
- 調整後的每股收益爲1.86美元，超過了市場普遍的1.83美元。
- 訂單爲40億美元，環比增長6％，所有細分市場均連續增長。
- 運輸解決方案收入同比下降4％，至23.8億美元，工業解決方案收入同比下降4％，至11.4億美元，通信解決方案收入同比下降9.5％，至4.4億美元。
Margin: The adjusted operating margin improved by 250 bps to 18.5%.
利潤率：調整後的營業利潤率提高了250個點子至18.5％。
TE Connectivity generated $1.1 billion in free cash flow and held $1.18 billion in cash and equivalents as of March 29, 2024.
截至2024年3月29日，TE Connectivity創造了11億美元的自由現金流，並持有11.8億美元的現金及等價物。
TE Connectivity CEO Terrence Curtin believes so-called "mega trends" (i.e., hybrid and electric vehicles, renewable energy and artificial intelligence) will be key to "long-term profitable growth."
TE Connectivity首席執行官泰倫斯·科廷認爲，所謂的 “大趨勢”（即混合動力和電動汽車、可再生能源和人工智能）將是 “長期盈利增長” 的關鍵。
Outlook: TEL expects third-quarter net sales of $4.0 billion, vs. the consensus of $4.11 billion, and adjusted EPS of $1.85, vs the consensus of $1.92.
展望：TEL預計第三季度淨銷售額爲40億美元，而市場普遍預期爲41.1億美元，調整後的每股收益爲1.85美元，而市場普遍預期爲1.92美元。
TE Connectivity stock gained 12% in the last 12 months. Investors can gain exposure to the stock via EA Series Trust Strive U.S. Semiconductor ETF (NYSE:SHOC) and SmartETFs Smart Transportation & Technology ETF (NYSE:MOTO).
TE Connectivity的股票在過去12個月中上漲了12％。投資者可以通過EA Series Trust Strive美國半導體ETF（紐約證券交易所代碼：SHOC）和SmarteTFS智能交通與科技ETF（紐約證券交易所代碼：MOTO）獲得股票敞口。
Price Action: TEL shares are trading lower by 0.85% at $142.00 premarket on the last check Wednesday.
價格走勢：週三最後一張支票中，TEL股價盤前下跌0.85％，至142.00美元。
Now Read: US Economy Expected To Grow 2.5% In Q1 – Not 'A Hard Landing And Hardly A Soft One'
立即閱讀：預計美國經濟將在第一季度增長2.5％——不是 “硬着陸，也不是軟着陸”