TE Connectivity (TEL) Tops Q1 EPS by 15c

TE Connectivity (NYSE: TEL) reported Q1 EPS of $1.40, $0.15 better than the analyst estimate of $1.25. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.38 billion.

2018 Outlook

For the fiscal second quarter of 2018, the company expects net sales of $3.55 billion to $3.65 billion, reflecting an increase of 12 percent on an actual basis and 6 percent on an organic basis year over year at the mid-point. Diluted EPS from continuing operations are expected to be $1.18 to $1.22, including net restructuring, acquisition-related and other charges of $0.15. The company expects adjusted EPS of $1.33 to $1.37 which represents a 13 percent improvement at the mid-point versus the second quarter of 2017.

For the full year, the company expects net sales of $14.1 to $14.3 billion, reflecting 8 percent actual and 5 percent organic growth at the mid-point versus the prior year. Diluted EPS from continuing operations are expected to be $3.61 to $3.71, including net restructuring, acquisition-related and other charges of $0.37, and a tax-related charge of $1.42. The company expects adjusted EPS of $5.40 to $5.50, reflecting 13 percent growth at the mid-point compared to fiscal year 2017.

For earnings history and earnings-related data on TE Connectivity (TEL) click here.

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