TE Connectivity plc
For the period ended Dec 27, 2024. Filed Jan 24, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 27, 2024 · Filed Jan 24, 2025
TEL$218.75+5.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · For the · | |||||||
| · · Quarters Ended · | |||||||
| · · December 27, · · December 29, · | |||||||
| · 2024 · 2023 | |||||||
| · · (in millions, except per share data) · | |||||||
| Net sales | | $3,836 | | $3,831 | | ||
| Cost of sales | | 2,476 | | 2,507 | | ||
| Gross margin | | 1,360 | | 1,324 | | ||
| Selling, general, and administrative expenses | | 427 | | | 424 | | |
| Research, development, and engineering expenses | | 188 | | | 173 | | |
| Acquisition and integration costs | | 5 | | | 8 | | |
| Restructuring and other charges, net | | 50 | | | 21 | | |
| Operating income | | | 690 | | | 698 | |
| Interest income | | | 23 | | | 22 | |
| Interest expense | | (6) | | | (18) | | |
| Other expense, net | | (1) | | | (3) | | |
| Income from continuing operations before income taxes | | 706 | | 699 | | ||
| Income tax (expense) benefit | | (178) | | | 1,105 | | |
| Income from continuing operations | | 528 | | 1,804 | | ||
| Loss from discontinued operations, net of income taxes | | — | | | (1) | | |
| Net income | | $528 | | $1,803 | | ||
| | | | | | | | |
| Basic earnings per share: | | | | | | | |
| Income from continuing operations | | $1.77 | | $5.80 | | ||
| Net income | | 1.77 | | 5.80 | | ||
| | | | | | | | |
| Diluted earnings per share: | | | | | | | |
| Income from continuing operations | | $1.75 | | $5.76 | | ||
| Net income | | 1.75 | | 5.76 | | ||
| | | | | | | | |
| Weighted-average number of shares outstanding: | | | | | | | |
| Basic | | 299 | | | 311 | | |
| Diluted | | 301 | | | 313 | | |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · For the · | |||||||
| · · Quarters Ended · | |||||||
| · December 27, · December 29, | |||||||
| · 2024 · 2023 | |||||||
| · · (in millions) · | |||||||
| Net income | | $528 | | $1,803 | | ||
| Other comprehensive income (loss): | | | | | | | |
| Currency translation | | (166) | | | 163 | | |
| Adjustments to unrecognized pension and postretirement benefit costs, net of income taxes | | (9) | | | (18) | | |
| Gains (losses) on cash flow hedges, net of income taxes | | (56) | | | 28 | | |
| Other comprehensive income (loss) | | (231) | | 173 | | ||
| Comprehensive income | | | 297 | | | 1,976 | |
| Less: comprehensive (income) loss attributable to noncontrolling interests | | | 9 | | | (4) | |
| Comprehensive income attributable to TE Connectivity plc | | $306 | | $1,972 | | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.