TE Connectivity shows impressive financial figures and increases share buyback program

TE Connectivity has presented its financial results for the fiscal year 2024, impressing across the board. The company achieved record figures in operating margins, earnings per share (EPS), and cash generation. Net sales amounted to an impressive $15.8 billion, with significant organic growth particularly in the communication and transportation segments. Additionally, TE Connectivity announced an increase in its share repurchase program by $2.5 billion. This measure underscores the company's confidence in its future growth prospects, driven by innovations in electrification, renewable energy, and artificial intelligence. TE Connectivity is also optimistic for the first quarter of fiscal year 2025, anticipating further growth in sales and earnings per share, indicating a strong start to the new fiscal year.