TE connectors and sensors are embedded in almost every type of device, where reliable and persistent data, power, sensing, and connectivity are required — even in the harshest environments. GAAP earnings per share (EPS) from continuing operations were, Cash flow from continuing operating activities was, GAAP EPS from continuing operations were a loss of, By telephone: For both "listen-only" participants and those participants who wish to take part in the question-and-answer portion of the call, the dial-in number in, A replay of the conference call will be available on TE Connectivity's investor website at. (1) Adjusted operating income and adjusted operating margin are non-GAAP financial measures. Fourth Quarter Highlights. Chiefs at the electronics company confirmed a consultation into redundancies … (1) Free cash flow is a non-GAAP financial measure. +1 800 522 6752 or Live Chat Common shares, CHF 0.57 par value, 338,953,381 shares authorized and issued, and, Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating, http://www.prnewswire.com/news-releases/te-connectivity-announces-fourth-quarter-and-full-year-results-for-fiscal-year-2020-301161060.html. This measure is a significant component in our incentive compensation plans. TE Connectivity is closing its Bath branch - putting '119 jobs' at risk. These non-GAAP financial measures may not be comparable to similarly-titled measures reported by other companies. This release contains certain "forward-looking statements" within the meaning of the U.S. (1) Organic net sales growth (decline) is a non-GAAP financial measure. (1) See description of non-GAAP financial measures. It should not be inferred that the entire Free Cash Flow amount is available for future discretionary expenditures, as our definition of Free Cash Flow does not consider certain non-discretionary expenditures, such as debt payments. We present non-GAAP performance and liquidity measures as we believe it is appropriate for investors to consider adjusted financial measures in addition to results in accordance with accounting principles generally accepted in the U.S. ("GAAP"). Certain special items, including net payments related to pre-separation tax matters and cash paid (collected) pursuant to collateral requirements related to cross-currency swap contracts, are also excluded by management in evaluating Free Cash Flow. Information about TE Connectivity's use of non-GAAP financial measures is provided below. Berwyn, PA 19312, TE Connectivity Main Switchboard: US 610-893-9800, TE Connectivity achieves Dow Jones Sustainability Index listing for ninth consecutive year, TE Connectivity announces fiscal 2021 first quarter dividend record and payment dates, TE Connectivity to present at Baird's 2020 Global Industrial Conference, TE Connectivity announces fourth quarter and full year results for fiscal year 2020, TE Connectivity to report fourth quarter and full year financial results on October 28, 2020, TE Connectivity to present at Citi's 2020 Global Virtual Technology Conference, TE Connectivity sets new sustainability, charitable goals for 2030, TE Connectivity announces fiscal 2020 fourth quarter dividend record and payment dates, TE Connectivity named one of Fast Company's 100 Best Workplaces for Innovators, TE Connectivity announces third quarter results for fiscal year 2020, TE Connectivity to report third quarter financial results on July 29, 2020, TE Connectivity to present at Bernstein's 36th Annual Strategic Decisions Conference, TE Connectivity announces fiscal 2020 third quarter dividend record and payment dates, TE Connectivity announces second quarter results for fiscal year 2020, TE Connectivity to report second quarter financial results on April 28, 2020, TE Connectivity and TE Connectivity Foundation support global fight against COVID-19, TE Connectivity acquires majority share of First Sensor AG, Lynn Dugle, Dawn Willoughby elected to TE Connectivity board of directors, TE Connectivity ranks among Ethisphere's 2020 World's Most Ethical Companies, TE Connectivity named a 'Top 100 Global Innovator' for ninth consecutive year, TE Connectivity announces pricing of €550 million 0.000% senior notes offering, TE Connectivity announces fiscal 2020 second quarter dividend record and payment dates, TE Connectivity to present at Goldman Sachs Technology and Internet Conference, TE Connectivity announces first quarter results for fiscal year 2020, TE Connectivity earns fourth annual recognition as Best Place to Work for LGBTQ Equality, TE Connectivity named among 'World's Most Admired Companies' by FORTUNE, TE Connectivity to report first quarter financial results on January 29, 2020, TE Connectivity to Hold Annual General Meeting of Shareholders on March 11, 2020. Organic Net Sales Growth (Decline) – represents net sales growth (decline) (the most comparable GAAP financial measure) excluding the impact of foreign currency exchange rates, and acquisitions and divestitures that occurred in the preceding twelve months, if any. All Rights Reserved. HARRISBURG, Pa., Oct. 28, 2020 /PRNewswire/ -- TE Connectivity (TE), a world leader in innovative connectivity solutions for high-speed computing and … The company will hold a conference call for investors at 8:30 a.m. Net sales were $3.26 billion, up 28% sequentially on a reported basis compared to the 10% increase the company expected.Sales were down 1% on a reported basis and down 4% on an organic basis year over year. (3) See description of non-GAAP financial measures. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Twitter. GAAP EPS from continuing operations are expected to be approximately $0.83, with adjusted EPS of approximately $1.25. The forward-looking statements in this release include statements addressing our future financial condition and operating results, and the impact on our operations resulting from the coronavirus disease 2019 ("COVID-19"). A replay of the conference call will be available on TE Connectivity's investor website at investors.te.com at 11:30 a.m. RECONCILIATION OF FORWARD-LOOKING NON-GAAP FINANCIAL MEASURES, TO FORWARD-LOOKING GAAP FINANCIAL MEASURES, Adjusted diluted earnings per share from continuing operations (1). TE Connectivity, a world leader in connectivity and sensors, has begun offering a new type of signal wire and cable for a variety of railway applications. Private Securities Litigation Reform Act of 1995. SCHAFFHAUSEN, Switzerland, Oct. 28, 2020 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal fourth quarter and year ended Sept. 25, 2020. Get the latest TE Connectivity Ltd. New Switze (TEL) stock news and headlines to help you in your trading and investing decisions. This measure is a significant component in our incentive compensation plans. The company is not providing full year guidance due to limited visibility of COVID-19 impact on future demand. The following provides additional information regarding our non-GAAP financial measures: Free Cash Flow is defined as net cash provided by continuing operating activities excluding voluntary pension contributions and the cash impact of special items, if any, minus net capital expenditures. We believe Free Cash Flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. Our full year results demonstrate strong cash flow generation and our portfolio is well positioned. Additionally, we believe that investors benefit from having access to the same financial measures that management uses in evaluating our operations. (2) Income tax expense related to the tax impacts of certain measures of Swiss tax reform. All statements contained herein that are not clearly historical in nature are forward-looking and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. (3) Includes a $216 million income tax benefit related to the tax impacts of certain measures of Swiss tax reform, a $90 million income tax benefit related to the effective settlement of a tax audit in a non-U.S. jurisdiction, and $15 million of income tax expense associated with the tax impacts of certain legal entity restructurings and intercompany transactions. Adjusted Income (Loss) from Continuing Operations – represents income (loss) from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, tax sharing income related to adjustments to prior period tax returns and other tax items, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. Such amounts are included in adjusted (non-GAAP) diluted shares. "I am proud of our employees for delivering fourth quarter results well above our expectations, exiting the year with sequential sales growth in all segments. See description of non-GAAP financial measures. TE Connectivity Ltd. (NYSE: TEL) will report financial results for the fourth quarter and full year of fiscal 2020 before trading begins on October 28, 2020. For the first quarter of fiscal 2021, the company expects net sales of approximately $3.2 billion, reflecting an increase of 1% on a reported basis and down 2% on an organic basis year over year.