TE Connectivity reviews Q1 earnings beat, income miss

NEW YORK – TE Connectivity Ltd (NYSE:TEL) reported first-quarter fiscal 2025 outcomes that beat earnings expectations however missed on income, as sturdy operational execution offset foreign money headwinds. Shares have been buying and selling down 0.27% following the announcement.

The connectivity and sensor options firm posted adjusted earnings per share of $1.95, surpassing the analyst consensus of $1.89. Income got here in at $3.84 billion, matching the year-ago quarter and assembly analyst estimates of $3.91 billion.

TE Connectivity CEO Terrence Curtin mentioned, “I am happy that our staff started the fiscal 12 months with a powerful operational efficiency, highlighted by adjusted EPS above steering and information in each adjusted working margin and first quarter free money circulate.”

The corporate’s adjusted working margin reached a quarterly document of 19.4%, pushed by operational enhancements. Free money circulate rose 18% year-over-year to $674 million.

By phase, Transportation Options income declined 6.3% to $2.24 billion, whereas Industrial Options income grew 10.8% to $1.59 billion, boosted by power in synthetic intelligence packages.

Wanting forward, TE Connectivity expects second-quarter adjusted earnings per share of roughly $1.96, barely beneath the $1.98 analyst consensus. The corporate tasks Q2 income of round $3.95 billion.

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