TE Connectivity (NYSE: TEL) reported Q4 EPS of $1.25, $0.09 better than the analyst estimate of $1.16. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.28 billion.

2018 Outlook

For the fiscal first quarter of 2018, the company expects net sales of $3.35 billion to $3.45 billion, reflecting an increase of 10 percent on an actual basis and 5 percent on an organic basis year over year at the mid-point. Diluted EPS from continuing operations are expected to be $1.12 to $1.16, including net restructuring, acquisition-related and other charges of $0.11. The company expects adjusted EPS of $1.23 to $1.27 which represents a 9 percent improvement at the mid-point versus the first quarter of 2017.

For the full year, the company expects net sales of $13.7 to $14.1 billion, reflecting 6 percent actual and 4 percent organic growth at the mid-point versus the prior year. Diluted EPS from continuing operations are expected to be $4.78 to $4.98, including net restructuring, acquisition-related and other charges of $0.35. The company expects adjusted EPS of $5.13 to 5.33, reflecting 8 percent growth at the mid-point compared to fiscal year 2017.

"We expect to continue to deliver above-market sales and strong EPS performance into 2018, fueled by positive momentum from 2017, confidence in our business model and a solid pipeline of growth opportunities. Our portfolio aligns with important trends in an increasingly connected world and we look forward to creating a safer, sustainable, productive and connected future for our customers, shareholders and employees," said Curtin.

GUIDANCE:

TE Connectivity sees Q1 2018 EPS of $1.23-$1.27, versus the consensus of $1.12. TE Connectivity sees Q1 2018 revenue of $3.35-3.45 billion, versus the consensus of $3.17 billion.

TE Connectivity sees FY2018 EPS of $5.13-$5.33, versus the consensus of $5.05. TE Connectivity sees FY2018 revenue of $13.7-14.1 billion, versus the consensus of $13.47 billion.

Fourth Quarter Highlights

• Net sales were $3.5 billion, exceeding guidance range, with growth in all segments and regions
• Diluted earnings per share (EPS) from continuing operations were $1.21 and adjusted EPS were $1.25, also above guidance range
• Cash flow from continuing operating activities was $873 million and free cash flow was $691 million, both records for the company

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